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Realistic Monthly Trading Profit?

  • #21
  • Sep 10, 2016 4:01am Sep 10, 2016 4:01am
3-5% per month is realistic. Of course you can get a lot more depending on your strategy and risk but most people here don't properly manage their risk so... yeah
  • #22
  • Sep 15, 2016 4:58pm Sep 15, 2016 4:58pm
Quoting ForexAuthor
These are my trading stats for Jan. {image}
Is that a real account or a demo account?? If it is a real account that looks like a very fine job so far. However you need to be careful. Once more money is involved your emotions will play a bigger part to. You need to ask yourself if you can still hold on to your plan with discipline when things go bad for a few days or even weeks
  • #23
  • Sep 16, 2016 5:13am Sep 16, 2016 5:13am
Trading is more or less a business of opportunity. Sometimes there's more opportunity, sometimes there's less. Setting up monthly goals and more importantly, chasing them, can get you into hot water. Regarding my own trading, I am content to just have profits in the end of the month, be they 1% or 10%.
  • #24
  • Sep 16, 2016 6:34am Sep 16, 2016 6:34am
Hi, Forexauthor

Well done on your results so far.

Have you got a fully tested trading strategy? If you have, you will know on average how much money you can make each month/overall based on the metrics of the system. You have mentioned volatility and that you have made money because of this. Do you know how your system performs in low volatlity periods? This is where a lot of traders lose their gains as seen recently.

Percentage per month is based on what the market will let you have, traders should not have a monthly % they are targeting. This idea will cause losses in less than ideal market conditions.

MT
  • #25
  • Sep 17, 2016 12:11am Sep 17, 2016 12:11am
i set my "profit" goal in the range of -25% to +, its awful to be in drawback but i still testing my strategy and methodology of trading
  • #26
  • Sep 19, 2016 6:51pm Sep 19, 2016 6:51pm
This video explains it well:
Inserted Video
Quant Trader - My Blog: quantstop.blogspot (dot) com
  • #27
  • Sep 21, 2016 10:27am Sep 21, 2016 10:27am
Quoting trader34
If you can average anything around 10% monthly or above it is excellent. I have stats for one conservative method on multiple pairs that is around that level. But, as i think DemoAntares was trying to point out, it's actually not a relevant question, and it will do you no good to hear what thousands of people get as an average. 1st, because most people are losing long term. plenty of heroes doing 150% per month...but in 6 months they have no account. If it was ever live! I would politely suggest for you to do 66% in 20 days on an account is unsustainable....
I don't think 66% per month is unsustainable. I know of a system which teaches you how to make 5% ;er day, so you double your account in 15 trading days. another system, which made over 6000% in two years. I backtested it and got even better results.
  • #28
  • Sep 22, 2016 5:20am Sep 22, 2016 5:20am
66% account increase per month is unsustainable indeed. It's more of a fluke that something that can be done every month on a regular basis. It's good when it happens, but not something traders should deliberately aim at, because it requires taking too many risks.
  • #29
  • Sep 22, 2016 8:40pm Sep 22, 2016 8:40pm
Quoting ForexAuthor
Hey guys, Its been almost 20 days since I've been trading and I was wondering what would be a realistic/ideal monthly percentage profit? Cheers.
If you want to be a trader for a long period of time, its advisable to keep your risk low. This means you have to practice good money management and look for ROI (Return on Investment) in the range of 5-10% monthly.

You also need to avoid over trading and learn to manage your emotions.

Hope these helps
  • #30
  • Sep 23, 2016 5:41am Sep 23, 2016 5:41am
I think I should also add that it's a good idea to see what your results are over the course of several months are before you calculate what can be realistic for you.
  • #31
  • Nov 24, 2016 8:39am Nov 24, 2016 8:39am
I would be over the moon at 5% a month. Just wish i could find a way of doing it.
I sometimes think the only people making money are the brokers, and those selling their courses!
  • #32
  • Nov 24, 2016 9:11am Nov 24, 2016 9:11am
Quoting mytrader1961
Percentage per month is based on what the market will let you have, traders should not have a monthly % they are targeting. This idea will cause losses in less than ideal market conditions. MT

I think people should focus on a moderate %, as it can be used as an excellent indicator of when to let trades run. It is also a good reminder to bank some profits if you have let them run and helps to offset the "but I don't want to miss out" nature of trading.

If I want 1-2% per week and I've already made that, then i can let my next trade run..and maybe even fall back to BE, as I've already banked my profits for the week. Or I could get ahead a bit and bank my 1-2% for next week this week and have an extra week to trade without needing to force a profit, but letting my trades move and have time to get into profit...and then some.


P.S. - The market doesn't "let me have" (or not let me have) anything. I haven't got a clue why people need to paint this pseudo-psychological drivel about the 'market is out to get you', etc.
  • #33
  • Nov 24, 2016 4:34pm Nov 24, 2016 4:34pm
Dont trade with keeping focus on monthly profit, you cannot be consistently each month with profit try to focus on good and bad trading series. For example i in good trading series make 20 times profit and in bad series loose my deposit. trading series take around 6 months. And in my serie i put around 5 percent of my capital, this works for me.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #34
  • Nov 24, 2016 8:18pm Nov 24, 2016 8:18pm
do not let emotions involved in trading because it would be very harmful to the trader itself. make sure that traders have good skills in order to obtain optimal results and even now I try to maximize my real trading account order to obtain results
  • #35
  • Nov 25, 2016 6:43pm Nov 25, 2016 6:43pm
Quoting Nefser
{quote} I think people should focus on a moderate %, as it can be used as an excellent indicator of when to let trades run. It is also a good reminder to bank some profits if you have let them run and helps to offset the "but I don't want to miss out" nature of trading. If I want 1-2% per week and I've already made that, then i can let my next trade run..and maybe even fall back to BE, as I've already banked my profits for the week. Or I could get ahead a bit and bank my 1-2% for next week this week and have an extra week to trade without needing...
nefser, there are only so many tardes your system will generate in different types of market conditions, some months more, some less
  • #36
  • Nov 26, 2016 6:57am Nov 26, 2016 6:57am
Another thing that matters is how large one's trading account is - sometimes it is easier to trade with a larger account, because it gives you more emotional security. Also, of course, what matters the most is knowledgeable and experienced a trader is. A more experienced trader would have larger results in the end of a month.
  • #37
  • Nov 27, 2016 9:00pm Nov 27, 2016 9:00pm
Quoting ForexAuthor
...what would be a realistic/ideal monthly percentage profit? Cheers.
1.5-3%.

If you are getting less than that, open a savings account with your local bank.
  • #38
  • Dec 7, 2016 10:26am Dec 7, 2016 10:26am
Quoting BlueKnight
{quote} 1.5-3%. If you are getting less than that, open a savings account with your local bank.
Sorry blueknight - I am not sure on which planet you live, but typical interest rates for savings accounts in the developed world is below 1% PER YEAR, not per month. If you have above 500k you even have to PAY interest with some banks.

If one could achieve 1% a month by trading, that would translate into a 13% a year - which is already by far greater than what the S&P500 delivered in the last couple of years and what the stock market delivered on average over the last 100 years. Anybody who pulls that kind of (before tax) return off for decades will have an amazing retirement nest egg.
Therefore, guys don't get discouraged by only achieving a 1% a month - you are beating the market by a mile and 90% of professional money managers out there.
  • #39
  • Dec 7, 2016 12:59pm Dec 7, 2016 12:59pm
Quoting Custos
{quote} Sorry blueknight - I am not sure on which planet you live, but typical interest rates for savings accounts in the developed world is below 1% PER YEAR, not per month.
Understood.

I believe 1% a month is quite good (from forex), 2-3% would be ideal (at least for USD/EUR based accounts) but there are months I wouldn't prefer to trade at all (Dec-Jan, some rest is good).

I see many people try to get insane profits (10...25...50...100% PER MONTH). I think that's the kind of expectation that makes most people to go bankrupt overnight.
  • #40
  • Dec 8, 2016 2:40am Dec 8, 2016 2:40am
Great point Custos, actually if you could make more than the bank can give, you are doing great. Its just that we always want more more and never look realistically as you are pointing it out
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