I have been talking with a professional forex trader and he says he has been trading for 25 years and he can manage an account for me that earns between 1-3% a day for around 20% a month. Can experienced traders really make this much on large accounts?
yes I think it is possible. I am actually surprised that he said only 20%. If you look at eToro's openbook you can see traders that have a much higher win % (with a succes rating of more than 90%). People actually make more than 150% of their investement in 3 months.
So to anwser it shortly yes it is possible
yes it is possible to earn 20% per month if you have good skills and as per me it is not at all a big task for professional traders and they can make easily those profits and there are several people who acheieve that
well this all about the capital i mean if you have big money so the 20% of it will be good and you can risk with it but if you have a short capital so the 20% will be more less and you can make it easy well the idea is that we can risk with small money but we cant with big one
Of course in Forex you earn 20% not only in a month but in a day is also possible. But newbie can not do so much.
As you told about a trader who has experience of 25 years, then i thought he can make more then 100% a month.
I think to get a profit of 20% a month is very possible in forex trading.but i think in the trade is consistency in profit and not how much profit that we get. so regardless of the target profit, consistent is more significant....Quote:
Originally Posted by deep thought
it's possible to get 20% per month. much less have experienced for 25 years. maybe it's just the worst .. may in fact be 100% per month. I am only target of 10% per month. it's just sometimes still lose ...
hmm... of course they canQuote:
Originally Posted by deep thought
they can gain even more, but maybe according to their risk management, it is best to try to gain 20% monthly rather than bigger profit since it will increase the risk and may jeopardice the whole account
there are advice says that when trading forex, managing risk is better than targetting profits
yes they can do it, because the are more experienced and follow all the rules and regulation. in some case they make more money such fifty percent or above. it depend on market situation. experience trader follow proper money management system, it help them to manage the account with profitable trade.
eek professional trader humesa 1% risk istemal karta hai.that means wo daily 1% profit karne ka pray karega.that means monthly 20% above hota hai.e trading karne j liye bohoot accha strategy hai.