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income return

Discussion in 'General Forex Talk' started by TimeTrade, Jul 30, 2010.

  1. TimeTrade

    TimeTrade Recruit

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    Hi out there,

    what is a realistic percentage for income return per day?
    I have read of a guy who wanted to achieve 2.7% every day. He didn't got it, but made 70.000 out of his 1000 in a year.
    I think 2.7% is exaggerated.
    I made my plan with about 0.5% a day. Is it still too much?

    Have a nice day
     
  2. jeremylocnguyen

    jeremylocnguyen Banned for spamming an invitation to join a pyrami

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    Risk management

    If you can 1% a day, without loss trade, you can made thousand of dollars in 6 months to a year.
     
  3. TimeTrade

    TimeTrade Recruit

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    Yes. I mean, I make loss trades also, but in average i calculated with 0,5% a day. I've monitored all my trades for about 2 Months now, and have an average income return of 1,4% per day... I think i had a lucky streak this month, so i've choosen 0,5% for average income return.

    Do you think it's realistic?
     
  4. forexnet

    forexnet Recruit

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    Realistic example on forex income



    Realistic example on forex income ..i made 125 pips on my last trade this week
    ....pip can equal $0.10 or $1.00 or $10.00 or $100.00 or more depends on your account size...the Sky's the limit ..my advice read recommended books on forex.

    Best to start with a micro account where pips are .10 cent each and by the time you are able to master a micro account a $1.00 per pip size trade $10.00 per pip size trade or more will be easy and you will have mastered forex. This will cause you to have vision.

    Books on forex
    Essentials of Foreign Exchange Trading by James Chen
    Complete Guide to Currency Trading and Investing By Jamaine Burrell 2007
    Guide to Currency Trading by Gary Tilkin

    You can find Books on Forex at this link
    amazon.com?%5Fencoding=UTF8&tag=articandtips-20

    Some sites offer a free account, cmsfx.com has a free $50 micro account without to deposit any of your own money to just try it.
    Though you stumble when you start to walk if you don't give up then you will walk better and better without to stumble anymore
    and risk can be anything ..its even risky to walk accross a street. Learning to complete a matter is a great thing.

    This post is by forexnet an is not an employee of cmsfx.com... i highly recommend cmsfx.com
    May divine intervention be own your side
     
    #4 forexnet, Aug 1, 2010
    Last edited: Aug 1, 2010
  5. Pharaoh

    Pharaoh Colonel

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    You can even find brokers that let you trade nanolots - 1 pip = 1 cent on USD pairs.

    Don't get excited and start counting your profits if you have a great week or a great month. Even the best trader will occasionally hit a brick wall where a bunch of trades go bad. You need at least several months of trading, including some drawdown periods, before you can even begin start to estimate any sort of average monthly rate of return.
     
  6. FrankyW

    FrankyW Private

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    Nanolots? what is their purpose?
     
  7. JohnSkr

    JohnSkr Private

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    for me this number is somehow about 0.1-0.2%, though it also depends of what currency pair you are trading

     
  8. Pharaoh

    Pharaoh Colonel

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    They let you trade live with very little risk. You can't make a huge amount, but you can't lose a huge amount either. Bad brokers will still play games against you in these accounts, since they care about money in all sizes.
     
  9. Stanly

    Stanly Private

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    what you mean "to play games against" ? you are talking about some sort of scam brokers??
     
  10. Johnny2pips

    Johnny2pips Sergeant

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    Where have you been? Forex trading is all about Putting real money in and then transferring it to Monopoly money. You win big time and then you have big time "Monopoly" money.
     

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