Thread: Real - Trading for a living

How you define success in Forex
I have seen a lot of threads here and at other forums about how much money you may make in Forex and what's possible with respect to growing your account. While theoretically anything is possible I needed to concentrate on what the real people do day in day out and what they aim and achieve on an yearly basis.

The crucial word here's Annual because for me and I stand to be fixed... Measuring ones achievement over a month is just too short a time period as it does not allow a trader to encounter each of market conditions and seasonal fluctuations.

A prime example is my own... back in 2006 I was trading a little account, employing a breakout egy that actually kicked butt for close 4-5 months... I am talking a nice 50-100 pips every day. But Christmas rolled and at the new year that the markets shifted... gone were the days of the 150 pip moves on cable and we welcomed a new more choppy trading environment. That is when I had to change my style... but this is for another thread:--RRB-

What I trying to say is in order to understand whether you're able to trade profitably to a long-term basis you really ought to start looking for a year - 2 decades of trading reside and even then you will still learn things.

But the discussion I am beginning in this thread is what exactly does it really take to let one to give up full time work and start trading full time.

Letsn't talk about this in pip conditions as a pip comes with a different value to every different trading fashion... 200 pips to me could be a 2% gain in my account, but to others who excercise a somewhat more agressive approach this could mean 20 percent... do you see what I mean.

So that the question's are:

1: What percent on an yearly basis do you deem to be a good return on your money?

2: What percent on an yearly basis do you deem to be possible to return in your money?

3: For all those out there who are effective what percent have you been able to consistently earn on an yearly basis?

These inquiries should really help anyone new to the business to gage what's really possible and save them from the so called gurus who promise to make un realistic amounts in exchange for their hard earned money.


Because I started this I will reply initial:--RRB-

1: Anything over 50% Is a Great return in my eyes and could make this stuff worth doing...

2: I know of someone who returned 171% annually trading conservatively, but I think a realistic target would be 100 percent

3: This year end I should finish up at about 50%

HCt1 I understand and agree with all you have said. I guess most of the items will automatically come together with only experience in the markets. As soon as you've managed to be constant for a long time period you likely also have handled all the other things required to keep at the amount of trading you've been staying at instead of running into greater problems (no one wins all of the time...)

Originally Posted by ;

HCt1 I know and agree with all you have said. I guess most of the items will automatically come along with just experience in the markets. Once you've was constant for a long time period you likely also have handled all of the other stuff necessary to keep in the level of trading you've been staying at rather than running into larger problems (nobody wins all of the time...)

To everyone who is having a lousy time trading at the moment. I can by no means write it better than BRV:

https://www.nigeriaforextrading.com/...weblogger.html

have a look at it.

/h

[quote=;2448494]I realize that the original post is a couple of months old now.


Finally, I'd suggest that everybody's idea of”achievement” is not always the same. When I first started my analysis of trading, I assumed that the'Holy Grail' are a method that maximized return while minimizing risk. I realize this to increase return one has to somehow increase risk, which the ultimate system is one which balances reunite, drawdown and consistency of income, in a manner that rests comfortably using a trader's character, financial objectives, and lifestyle.
/quote]

I know this post is couple of months old.

This is very well said by Hanover.

Many forum posters such as H4 charts.

Pick a direction, long or short and input when the candle opens. Simply transaction that leadership for a month or week.

Based on your stop loss and take profit, would you lose or win after 2 or 1 candles?

Allow me to caution you, do not try to back test, you will only be scammed.