Hi What kind of monthly % gains do good fx day traders make? I am not talking about cowboys who gamble and make 30% one month to lose it all next. But good, low risk pro fx day traders. 2-5% per month? That kind of range? Thank you
Anything > 0 = Good For some 2%-5% is Fantastic, for other's it is mediocre The performance is different for everybody. What is important is consistency, once you have that, the sky's the limit. Then it is only a matter of account size.
but on Click bank I can buy a $49.97 robot that guarantees to make me 40%+ every month...don't say this isn't true?
really? you think some automated strategy which does 40% a month is going to be sold to you for ~$50? Please tell me your joking
well I'm up about 15% on an M6E account I just started trading this week trading futures has a different profit opportunity than spot fx because the overnight margin is greatly reduced when day trading the M6E $12,500 contract o/n margin is $330 and day trading margin $100 the 6E $125,000 contract o/n margin is $3,300 and day trading margin $500 the M6E account was opened with $660 and I felt comfortable day trading 4 contracts which at $1.25 pips = $5 per pip and the r/t commission is $1.56 per contract I opened it in theory to trade DDW - Day-to-Days-to-Weeks, and on a purely math basis, said if a 1 contract trade obtained 10 pips per day, then one could double contracts traded every 6 weeks, so that would be about a monthly 66% profit based on the contract margin initially I'd thought I'd take profit and wait out a correction, or, trade any correction if I understood what was going on. in theory I would base trading analysis after each day's close, however, the third technique includes day trading so, I imagine if being profitable multi contract day trading and maybe holding some trades o/n, then doubling might be occurring at a faster rate than 6 weeks, possibly once a week or two given the daily range of the eurusd