The other day i was on a forex site looking for a new broker and I saw this option of managed accounts and i could click the link to see the past returns. I was surprised to see the returns of only about 12-17% per year. When looking at the monthly returns I see around .5 to 2% or so per month returns. Now I thought I was being somewhat conservative in my trading with my leverage , but my swings are so much higher than what these guys are making. Last month I returned about 55%. On any given day my account will go up or down as much as 10%. Is this the same with the rest of you guys? Or do you guys shoot for smaller returns like 2% per month like managed accounts?
Well IMHO if you trade above 7:1 leverage then you are going to have 20%+ drawdowns...TOO HIGH When I see people trading 10:1+ leverage I laugh. Those 12% to 17% they are probalby using no leverage. smaller profits but tiny drawdowns. It's what I call professional. What leverage do you use? Try 4:1....concentrate on the drawdowns. Keep this less than 15%.
Leaves are wet, drier by Wednesday. Check then. Nice quote. Very Asian. On occasion I still shake the branches to get the last leaf to fall. There's a trading analogy in there.