Is it really possible to make over 100% per month in forex?
August 27, 2010 by admin
Filed under Fx Forex Trading Strategies
well I really doubt that it’s possible to gain even more than 15% per month on a constant basis…(I mean earning about 15% without braking the chain and lose lots of money…).
But I wonder can you use some “strategy” such as:
Bet all your money and limit to 2 pips gain?
Play “midterm” and expect 20 pips gain if the trend is continously going in one direction already a month?
Thanks
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It might be possible. Winning the lottery and getting killed by a meteor are possible too, but all three are extremely unlikely. I think even the 15% a month you mention is pretty unlikely. You might be able to do it for a few months when things are going your way, but then when the trend goes against you, you can lose a lot quickly also. Over the long term, I think returns like that are pretty close to impossible to achieve. Of course the people that benefit from forex trading want you to think that it’s easy, but in reality it’s not.
Yes.
You can also jump 8.96 meters and break Mike Powell’s WORLD RECORD.
The best in the world can break his record.
If you are not one of the best in the world then you cannot break his record.
This is also true for Hedge Fund Managers.
If you went to Harvard and you studied Economy of Finances and then a MBA and you worked for at least a decade in a Mutual Fund and you now are one of the best Hedge Funds Managers in the World then you can make that kind of money.
If you are just a regular guy without a college degree then you are not going to make it.
100% per month is highly unlikely. I would agree that 15% per month is achievable.
If the trend is going against you…..just get on the other side of the trend.
Paul
It depends.
It is possible to get 100%+ in a trade.
But to get it consistently every month is a different story.
When you start to trade you will find out that there will be times that you will have drawdown and your account will be in the negative. Other times you will be very profitable…
Limiting to 2 pips gain… sounds like a scalping method. You don’t want to go down that road… Just trade with the trend and you’ll be fine most of the time.
It’s not possible!