How much you make per month

[slyone]

Hmmm. 200% per month consistantly on average? That means if you started with $1000 and reinvested profits for 17 months @ 200% per month then you'll have $129 billion after 17 months:

$ 1000 * (3.00)^17 = $ 129,140,163,000

Noooooooooooo

[FerruFx]

Even a consistant 5-10% per month is enough to make a living with trading. Then why overleveraging and try to make more. Be patient, disciplined and don't be greedy is the key to success.

FerruFx

[slyone]

Originally Posted by FerruFx

Even a consistant 5-10% per month is enough to make a living with trading. Then why overleveraging and try to make more. Be patient, disciplined and don't be greedy is the key to success.

FerruFx

Correct. I developed a system recently that has a high percentage win but the risk/reward ratio is small. After extensive research on what money management to use on this system, it was concluded that I should risk about 70% of my trading balance per trade. This would give the best results without drawdown being so much that a recovery was impossible.

However, which human could risk 70% on a trade, lose 70%, and act as though nothing happened the next trade. No one. Survival is the priority, profits are secondary. Choose a risk factor of 1-4% per trade, accounting for any gaps etc. The stop loss must be predetermined before entry so that you know how much to leverage. Eg. if the stop loss is 20 pips away, and you want to buy 100,000 then if the stop loss is 40 pips away you should only buy 50,000. Don't worry about the irregularity of profits, the regularity of losses is more important to focus on (meaning if you want to risk 1% per trade, make sure you lose 1% everytime, not 1% sometimes and 5% other times etc.)

I wish everyone the best.

[FerruFx]

slyone,

I can't agree more. Newbies must print this post and put it in front of their eyes close to their screen.

FerruFx

[golhuntsleep]

Originally Posted by FerruFx

Even a consistant 5-10% per month is enough to make a living with trading. Then why overleveraging and try to make more. Be patient, disciplined and don't be greedy is the key to success.

FerruFx

I make 5-20% month in, month out there is an occaisional bad month, that is more than made up for with the 20%+ months .....making it in the forex is a daily grinding it out. trading when there is a trade and sitting on your hands when there is not......it is easier to make 10-20% per month trading 10 times per month, than if you try to do it trading 30...patience and money management....

[FerruFx]

Originally Posted by golhuntsleep

I make 5-20% month in, month out there is an occaisional bad month, that is more than made up for with the 20%+ months .....making it in the forex is a daily grinding it out. trading when there is a trade and sitting on your hands when there is not......it is easier to make 10-20% per month trading 10 times per month, than if you try to do it trading 30...patience and money management....

Exactly.

FerruFx

[valbona]

Originally Posted by mssarath

Hi,
I am newbie in forex and trading in demo. I am curious to know on an average how much % of profit you make per month. I request everyone to participate in this. The main reason i am starting this is people come to forex , with dreams of making millions in months. i hope this poll will give a clear picture of how much we can make on an average.

mssarath

hi massarath

I

[valbona]

Originally Posted by mssarath

Hi,
I am newbie in forex and trading in demo. I am curious to know on an average how much % of profit you make per month. I request everyone to participate in this. The main reason i am starting this is people come to forex , with dreams of making millions in months. i hope this poll will give a clear picture of how much we can make on an average.

mssarath

hi massarath

I think that to determine an avrege of profit per month is not a good a idea this is beacuse the market activity is not stable so my advice for you is to keep practice on your demo account for a long time than switch it to the live account.And you should also depend on the technical and fudamenl analysis they may help you alot.