25-30% yearly profits, reallistic in Forex?

Discussion in 'Forex' started by crgarcia, Aug 25, 2007.

  1. Now I'm a "seasonal" stock index swing trader, getting out when there isn't a clear trend in the stock markets. On the long run got about 15-20% yearly profits.

    Is 25-30 reallistic in forex, with moderate risk and leverage?
    (after taking some time to learn and paper trade, of course).
     
  2. most playing with forex lose it all. are you better than most?
     
  3. So, forex is riskier than stocks?
     
  4. ssss

    ssss

    crgarcia


    Now I'm a "seasonal" stock index swing trader, getting out when there isn't a clear trend in the stock markets. On the long run got about 15-20% yearly profits.

    Is 25-30 reallistic in forex, with moderate risk and leverage?
    (after taking some time to learn and paper trade, of course).


    Yes, but

    But if you stock operator better to be stock operator
    or stock index operator .

    Forex Broker are not pure agent of principals,you would receive a lot legal issue with FX broker
    ( MBT - is some exception with level 2 book for spot fx,but it
    is very small company and you must switch money from CFTC
    to SIPC protected account each day )
    If you decisive wish ,better try fX future with MBT

    or FX future with great public noted company as OXPS .
    It would not cheap from commission point of view (5$ side)
    but for you tactic it would not decisive
     
  5. Open an account with fx-auto and see how you do.

    This is the easiest way to get started in Forex.
     
  6. cstfx

    cstfx

    If you are serious about becoming a currency trader (the term forex is for bucket shops) then ignore comments such as this.
     
  7. If you have a good grasp on reading charts and TA, you should do just fine in the Fx market, along with some good MM as well.

    I think the majority of those who fail, do so by over leveraging themselves in the hopes of making that "home run" trade. They're gamblers chasing fast money, not traders.

    The leverage will either make you or break you in this market, so trade smart.
     
  8. Explain yourself Mr cstfx
     
  9. The question isn't about can you make 25-30. With leverage, you can make any amount. Using almost any tradeable instrument.

    The question is, how much drawdown can you stomach? The problem for most is, the day their broker calls with a margin call, or when their account suddenly drops below zero, etc.

    If you have an edge and use good money management, you can hopefully hold off the Risk of Ruin longer...
     
  10. Avoid the intraday timeframe in the FX markets unless you have a definable edge, systematic process, and tight money management. Too many novice traders jump right into the intraday and get eaten alive.. which with FX leverage can happen in the blink of an eye..

    You could earn 25-30% annually on the larger timeframes with a variety of trend-centric technical approaches. Take the euro for example, lately it's been a no-brainer to position trade (see chart). Last week's bounce at the lower trendline and 200-day SMA was about as simple, high probability of an entry as it gets.

    The turmoil the past few weeks provided great entries in the euro, pound, kiwi, aussie, yen pairs, etc. which are all trending nicely. Typical trends lately can last 1-3 months without major pullbacks.

    Master the daily before attempting any shorter timeframes. Stick to your system. Do your best to ignore FA traders on ET & elsewhere. Blind dollar bulls on here were shorting aussie and loonie all year long to no avail..
     
    • euro.gif
      File size:
      13.7 KB
      Views:
      271
    #10     Aug 27, 2007