Forex 연간 이익

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피벗 포인트는 트레이더가 잠재적 인 지원 및 저항을 식별 할 수있는 대중적이고 쉬운 방법입니다. 피벗 포인트는 이전의 특정 기간의 최고, 최저 및 최장을 사용하는 수학적 계산을 기반으로합니다. 매주, 매년, 매월, 매년 연간 피봇은 가격이 방향을 바꿀 수있는 지역뿐만 아니라 내년도의 최대 및 최소 가격 극한을 예측할 수 있습니다.

이전 기사에서 알았 듯이 많은 상인들은 피벗 포인트를 지원 및 저항의 중요한 영역으로 간주합니다. 피벗 레벨은 가격이 대개 방향을 바꾸는 지점입니다. 기술과 시장이 발전했지만 피벗은 기술적 분석의 필수 요소였습니다.

대부분의 거래자는 거래 유형에 맞는 일별, 주별 및 월별 피벗을 잘 알고 있지만 연간 피벗은 향후 잠재적 지원 및 저항 영역을 예측하는 데에도 사용할 수 있습니다. 시장 또는 기간이 거래 되더라도 주요 영역의 지원 및 판매에서 중요한 구매자가 주요 매물입니다. 연례 피벗은 주요 거래 기회를 모니터링 할 수 있습니다.

Learn Forex : EURUSD 매년 피벗.

(Marketscope 2.0 차트를 사용하여 생성됨)

위의 유로 차트에서 명확하게 볼 수 있듯이, forex 연간 피벗은 플롯되어 있습니다. Marketscope 2.0 차트에는 현재 연간 피벗 포인트 설정이 없으므로 수동으로 생성되었습니다. 2 월에 유로가 R2 피벗까지 상승하여 600 pips 이상으로 급락 한 것을 주목하십시오.

연간 피벗의 힘을 쉽게 볼 수있는 또 다른 중요한 영역은 1.2910의 R1 연간 피벗의 트리플 터치입니다. 세 번째이자 마지막 터치로 인해 600 피클 랠리에서 R2 연간 피봇으로 돌아가서 2013 년까지 4 % 이상을 마무리했습니다.

Learn Forex : EURUSD 2014 매년 피벗.

(Marketscope 2.0 차트를 사용하여 생성됨)

EURUSD 2014 년 피벗.

forex 연간 축은 상인에게 유로의 다음 움직임을 보여줄 수 있습니까? 위 차트에서 2014 년의 피벗은 EURUSD 차트에 그려져 있습니다. 1 년은 이제 막 시작되었습니다. 연간 축에 대한 좋은 점은 일년에 한 번 그려야한다는 것입니다! EURUSD는 1.3461의 중심점과 1.4177의 R1 사이에 갇혀있다. 이 글을 쓰는 시점에서 Euro는 어느 피벗도 테스트하지 않았습니다. 그러나 외환 거래자들은 R1 (1.4177) 연간 피벗 저항으로 돌아 가기 위해 중앙 피벗 (1.3461)으로 이동하기를 기다리고있을 수 있습니다.

대안 시나리오는 유로가 R1 단계까지 즉각적인 실행을하는 시나리오입니다. R1 피벗 저항에서 상인은 자신의 견해에서 이익을 얻거나이 수준에서 유로를 짧게 보일 수 있습니다. 그러나 R1보다 가까운 값은 R2 피벗 (1.4610)보다 높은 위치로 이동할 수 있습니다. 거래자들은 또한 S1 (1.3028) 수준으로의 장기간의 하락을 유도 할 수있는 중앙 피벗 아래에서의 종가 가능성을 고려해야합니다.

scalpers, 위치, 또는 스윙 상인 중 하나 인 외환 거래자는 지원과 저항의 핵심 영역을 찾기 위해 매년 피벗을 사용할 수 있습니다. 당신이 forex 시장을 항해 할 것을 돕도록 해마다 피벗 "조경"를 배치하는 다른 통화 쌍에 미래 기사를 찾으십시오.

--- 그레고리 McLeod 무역 강사에 의해 작성된.

Gregory McLeod에게 연락하려면 gmcleoddailyfx.

Greg의 전자 메일 배포 목록에 추가하려면 여기를 클릭하십시오.

이 기사는 피벗과 함께 지원과 저항을 예측하는 방법을 보여주었습니다. 항목을 찾는 또 다른 방법은 피보나치 Retracements의 사용이다. 내 방명록에 서명하여 20 분 피보나치 퇴적 코스에 자동으로 등록하십시오. 슬라이드 프리젠 테이션을보고 짧은 퀴즈를 풀면 거래 지식을 극적으로 높일 수 있습니다.

DailyFX + Live Classroom에서 9:30 ET의 Greg McLeod를 시청하십시오.

DailyFX는 글로벌 통화 시장에 영향을 미치는 추세에 대한 외환 뉴스 및 기술적 분석을 제공합니다.

FXCM에서 무료 연습 계정 및 거래 차트로 외환 거래에 대해 알아보십시오.

거래를위한 현실적인 Forex 소득 목표.

현실적이고 수용 가능한 외환 수입 목표는 무엇입니까?

현실적인 거래 수익 목표를 설정하는 것은 많은 요인이 있기 때문에 대답하기 어려운 질문입니다. 각 상인은 다르다, 현실은 대부분의 상인이 돈을 잃는다 고이다. 그 이유는 거래가 힘들고 성공하기 위해 실질적인 노력과 훈련이 필요하기 때문입니다.

또한 소수의 사람들 만이 정보를 공유하고 있기 때문에 최고의 독창적 인 상인이 만드는 것을 발견하는 것은 불가능합니다. 진실을 말하고 있거나하지 않을 수도 있습니다.

우리는 인터넷에서 사용할 수있는 독립적 인 forex 상인 급여 데이터를 살펴봄으로써 시작할 것입니다.

외환 거래자 III는 얼마를 지불합니까? 2017 년 3 월 31 일 현재 연간 외환 거래자 III의 연봉은 $ 166,461이며 보통 $ 130,000- $ 194,728입니다. 그러나 이는 다양한 요인에 따라 크게 다를 수 있습니다. 우리의 Certified Compensation Professionals 팀은 모든 규모와 업종의 회사에서 수천 개의 HR 부서에서 수집 한 설문 조사 데이터를 분석하여 미국에서 직종 외환 거래자 III 인 사람들에게 연간 급여 범위를 제시했습니다.

이 직업적인 forex 상인 소득은 아닙니다 가정에서 일하는 소매 상인을 만든다.

외환 상인의 직업은 찾기가 매우 어렵지만, 일하면 그 일을 할 수 있습니다. 하지만 우리가 스스로를 위해 일하면 더 좋다고 생각합니다.

얼마를 Forex 시장 무역을 할 수 있습니까?

얼마를 만들 수 있는지에 대한 제한이 없습니다! 수백만 달러를 벌 수 있습니다. 많은 사람들이 무역하는 법을 배우려고하는 이유는 무엇이든 가능합니다.

기다림! Forex 소득은 도전적입니다 :

당신이 여기에 열중하기 전에 많은 돈을 거래 계좌에 던지기 시작하십시오. 나는 소수의 사람들 만이 리치 트레이딩 소매 외환을 얻는다는 것을 알 필요가있다. 그것은 어렵다. 상당한 돈을 벌기 위해서는 트레이딩과 징계의 마스터가되어야한다.

우리는 많은 사람들이 첫번째 장소에서 Forex Trading에 들어가는 이유 인 하루 종일 시나리오를 플레이 할 수 있습니다. 그들은 가능한 무엇이 수백만 달러의 가능성을보고, 그들이하고있는 일과 규율의 부족을 알지 못하고 거래하기 때문에 수천 달러의 거래를 잃었다는 것을 알고 있습니다.

현실적인 무역 소득 계산 :

따라서 수익 잠재력에 대한 현실적인 수치를 계산해 봅시다.

당신이 깨달아야 할 첫 번째 사항은 거래에서 레버리지를 사용하는 것이 이익을 극대화하고 위험을 잘 관리 할 수있는 최상의 방법이라는 것입니다. 그것은 대부분의 사람들이 학문을 가지고 있지 않지만 문제입니다.

그러나이 기사를 위해, 나는 당신이 거래 분야를 가지고 있고 외환 거래 소득을 따라갈 수있는 능력이 있다고 가정 할 것이다. 위험 관리 계획.

좋은 점은 실질적인 이익을 위해 많이 위험을 감수 할 필요가 없다는 것입니다. 내가 한 가지 예를 들어 보겠다.

당신은 10k의 계정을 가지고 있으며, 연간 30 %의 계정 증가를 목표로 매달 2.5 %를 벌고 싶습니다.

이제는 거래 당 계정의 1 % 만 위험에 빠뜨리기로 결정했습니다.

10 %의 1 % 위험은 100 달러이며 따라서 특정 시점에 1 %의 위험에 처해 있습니다. 따라서 한 번에 100 달러 이상의 위험을 감수하지 않아도 30 %의 성장률을 달성 할 수 있습니다.

이제 귀하의 승리율, 보상 비율에 대한 위험성과 같은 계산해야 할 숫자가 더 많습니다. 그래서 시나리오는 계속해서 계속 될 수 있습니다.

실제로 위험을 2.5 % 또는 250 달러로 올리고 단일 거래로 목표를 달성하고 1 : 1의 위험 / 보상 비율을 사용하여 월간 목표를 달성 할 수 있습니다.

부동산 소득과 비교 된 Forex 소득.

누군가를 2.5 %의 이익을 달성하는 데 더 많은 위험을 감수해야하는 부동산과 비교해보십시오. 예를 들어, 집을 100,000 개 이상 구매할 수 있으며, 거래에서 1,000 개 정도의 계정을 개설하여 투자를 크게 줄이면서 2.5 %를 얻을 수 있습니다.

당신은 잠재적으로 부동산 거래와 관련하여 훨씬 많은 돈과 시간을 한 거래에서 2.5 %를 벌 수 있습니다.

그것은 당신이 부동산에서 평균적으로 얻고 자하는 이익을 극도로 수익성이 있다고 생각할 때 얻을 수있는 유일한 거래입니다. 결론은 간단합니다 : Forex는 놀라운 위험 가능성을 최소화하면서 부동산을 쉽게 능가 할 수있는 놀라운 잠재력을 가지고 있습니다.

1 년에 100 % ROI를 달성 할 수있는 많은 투자를 생각할 수 없습니다. 최소한의 위험 관리와 중간 수준의 위험 관리로이를 수행하는 것이 얼마나 힘든지 보겠습니다. 한 달에 6 % 씩 배합됩니다. 이제, 내 친구, 이 시장에서 할 수있는 것 이상입니다. 상인으로서의 수익성에 확신이 있으며 위험을 감수하고 각 거래에 대해 3 %의 계정을 보유한 경우 1 : 2의 RR로 한 달에 한 번 거래하면이 비율을 쉽게 달성 할 수 있습니다.

Forex는 당신이 그것을 느리게하고 장기적으로 집중한다면 탁월한 투자입니다.

평균 외환 거래 인건비는 얼마입니까?

Forex Vs Average와 평균 이상의 경력을 비교하고 싶습니다.

이제 미국의 1 인당 평균 소득을 살펴보십시오. 2015 년의 1 인당 소득은 위키피디아를 통해 58,714 달러였습니다.

우리는 최소한 연간 $ 50,000의 거래를하고 싶다고 상상해보십시오. 결국, 당신은 돈을 위해 이것을하고 있기 때문에 가능한 한 많이 만들고 싶습니다.

다시 한번 최소한의 위험을 감수하면서 월 8 %를 누적 할 수 있다고 말했습니다.

위험 관리 목적으로 매주 또는 매일 대신에 귀하의 계정으로 매월 로트 크기를 늘리는 것으로 가정하십시오. 한 달에 8 % 씩 53,265.56 달러를 버는 데 4 만 달러의 계좌가 있어야합니다.

이제 비용을 최소화하고 일을 했으므로 거래 계좌를 개설 할 수있게되었습니다. 한 달에 10 % ROI로 1 만 달러를 버는 데 얼마나 걸립니까? 4 년 후에는 970,000 달러가됩니다. 4로 나누면 242,500 달러가됩니다. 그 말은 당신이 매년 $ 242,500를 벌었다는 것을 의미합니다. 즉, 아무 것도 꺼내지 않으면 매월 10 % ROI로 계정을 구축하십시오.

5 년이 될 때까지 기다린 다음 모든 이익을 뽑기 시작하면 어떨까요? 5 년 안에 3,044,816 달러가됩니다. 이제는 매월 이익을 모두 뽑아 낼 수 있다고 느낄 수 있습니다. 이는 한 달에 304,481 달러를 벌 수 있다는 것을 의미합니다! 상상해보십시오. 5 년 동안 10k 계정을 구축하면 모든 수입을 면제하면 3,653,779 달러를 1 년 후에 벌게됩니다. 따라서 돈을 가져갈 필요가 있다고 느낄 때까지 계정을 구축하는 것이 훨씬 더 낫습니다. 내 말은, 매월 5 년 후에 그런 종류의 소득을 올리는 것을 상상할 수 있습니까? 나는 달성 할 수없는 것에 대해서도 이야기하고 있지 않습니다. 매월 10 %의 Forex에서 훌륭한 트레이딩 시스템을 찾고, 적절한 훈련을 받고, 트레이딩 멘토를 찾고, 매일 자신을 지키며, 교육함으로써 자신의 기술을 매일 완벽하게 만들 수 있습니다.

실제로 월 10 %는 매월 몇 번의 양질의 거래로 성취 될 수 있습니다. 많은 상인은 거래의 질 대신에 양이 많다. 우리는 귀하의 계산을 돕기 위해이 사이트에서 외환 거래 소득 계산기를 가지고 있습니다.

나는 당신이 5 년 안에 그런 종류의 돈을 벌 수있는 세계에서 또 다른 직업을 찾으라고 도전합니다. 내 말은, 솔직히 말해서, 그 숫자는 마음이 부 풀릴뿐입니다. 숫자에 얽매이지는 않습니다. 당신이 계획을 따르면 무역은 쉽지는 않지만 끝날 수 있습니다.

나는 당신이 열심히 일하면서 Forex 시장이 얼마나 수익성이 있고 장기 목표를 염두에두고있을 수 있는지를 강조하기 위해이 말을 간단히 말합니다.

당신은 Forex에있는 중대한 소득을 진짜로 만들 수 있습니다.

결론적으로, Forex에 대한 현실적인 시각을 유지할 수 있다면 합리적인 목표를 수립하고 시간이 지남에 따라 안정적인 Forex 수익을 가져다주는 수익성 높은 트레이딩 전략을 유지할 수있는 가능성이 더 커집니다. 너는 나가 너가 만들 수있는 얼마 Forex 소득에 관하여 알 필요가있는 너를 말하는 Forex 합성 계산기를 보는지 믿지 않는 경우에.

& # 8220; 올바른 정신적 태도를 가진 사람이 목표를 달성하는 것을 멈출 수는 없습니다. 이 세상의 어떤 것도 잘못된 정신적 태도를 가진 사람을 도울 수 없습니다. - 토마스 제퍼슨.

casey의 최근 게시물 (전체보기)

나의 개인 트레이딩 계획 Kim Krompass - 2017 년 12 월 21 일 Forex 체크리스트를 사용하여 좋은 거래 습관을 개발하십시오 - 2017 년 9 월 25 일 2 : 1 리스크 대비 보상 비율을 사용하면 이익이 증가 할 수있는 이유 - 2017 년 9 월 19 일을 알아보십시오.

Winner 's Edge Trading :

게시물 주셔서 감사합니다. 나는 TeleTrade에서 과정을 마친 후에 시장에 처음이고 현재 이익은 한 달에 5 %입니다.

네, 그 기사가 당신에게 유용했기 때문에 매우 사실입니다.

감사합니다 .. 눈을 뜨고. forex에는 중대한 잠재력이 있고, 그러나 위험 관리와의 균형이어야한다.

매우 유익한 기사. 누구든지 나를 도울 수 있다면 분명히 Forex에 대해 많이 읽으면서 약 1 년 동안 계좌를 개설하고 (성공적으로는 20 %의 범위에 머무르고이 고비를 극복 할 수는 없을 것입니다.) 뛰어 들다. 그러나 거래 / 외환과 관련하여 위험 관리에 관한 적절한 책을 찾는 일은 찾기가 약간 어렵습니다. 어떤 제안? 또한 어느 곳에서나 팀에 가입하거나 멘토를 찾을 수 있습니까? 여기 혼자서 느끼기.

확실히 그것 좋은 기사 그러나 우리 모두는 쉽지 않다는 것을 안다. 그러나 이익은 Forex에서 진실하게 무제한, 조지 Soros가 달성하고있는 무슨을 보게한다.

나는 이것에 관해 Dave와 동의한다. 나는 소리를 내 의견으로 생각하기가 너무 쉽다.

나는 기본적으로 당신의 결론에 동의하지만, 당신은 조금 빠르며 느슨한 번호를 가지고 거기에 도착합니다. 예를 들어 1 : 2 리스크 : 보상 비율로 한 번에 6 %의 수익을 올릴 수 있다고 가정 해보십시오. 사실, 당신은 결코 손실이 없으며, 단일 거래에서 3 %의 위험 부담을 감수하고 (대부분의 자금 관리 전문가가 권장하는 것보다 훨씬 낫다) 당신이 매우 훌륭하다고 가정 할 때. 이러한 가정 중 대부분은 대부분의 거래자에게 현실적이지 않습니다.

그릇된. 그 숫자는 처음으로 거래자들에게 사용되었습니다. & # 8221; 경험이 없거나 그러한 가능한 방법으로 스스로를 교육 할 시간을 갖기가 귀찮은 사람. 현실적인 숫자는 이익을 내지 않는 사람이 60 %가 넘지 않으며 물어 보는 사람은 누구입니까? '빠른 부자'를 믿는 필사적 인 사람들은 계획.

좋아, 이 유용한 정보를 여기에서 볼 수있어서 좋구나. 우리와 함께 나누기 위해 많이 감사 ....

그 관점에 대해 고마워, 내가 집중할 수있게 도와 줄 훌륭한 정보!

거래자의 90 %가 그 모든 것을 잃어 버리고 실패합니다.

위의 기사에 감사드립니다. 리얼리즘과 인센티브 간의 균형을 제공한다고 생각합니다.

관련 게시물.

자금 관리 란 무엇이며 왜 거래에서 중요한가?

무료 Forex Trading Journal 스프레드 시트가 필요하십니까?

Forex 무역에있는 레버리지를 이해하십시오.

83 댓글.

더 자세한 정보를 알고 있을까요?

확실한. 무엇에 대해 더 알고 싶습니까?

안녕하세요 Chris : 평균 2 %를 높이려면 매일 몇 시간 동안 적극적으로 거래해야합니까? ?

Mi의 초기 목표는 하루 150 ~ 200 달러를 버는 것입니다.

나는 20k로 시작하기를 기대하고 있습니다. 누군가에게 완전히 새로운 거래에 대한 현실적인 기대입니까?

나는 이것을하기 전에 많은 숙제를 할 계획이다.

안녕 댄. 댓글 주셔서 감사합니다. 거래에 걸리는 시간은 실제로 사용하는 시스템에 따라 다릅니다. 일부 시스템은 작동하는 데 약간의 시간이 소요되는 반면, 다른 시스템은 전체 화면에 앉아 있어야합니다. (대부분의 경우처럼) 시간이 걱정된다면 스윙 트레이딩 전략에 충실해야합니다. 그것들은 (당신이 매일의 차트를 사용하기 때문에) 가장 시간이 많이 걸리지 않고 가장 의미있는 거래 일 것입니다.

하루에 $ 150-200의 목표를 달성하려면 매월 $ 20k 중 15-20 %를 획득해야합니다. 15 ~ 20 %는 초보자를 위해 지속적으로 만들어야 할 많은 것들이지만 불가능하지는 않습니다. 그러나 이것을 생각해보십시오. 1 년에 월 10 % 만 수입하면 계정을 3 배 이상 늘릴 수 있습니다. 그 시점에서 10 %는 $ 6K 이상입니다. & # 8211; 초기 목표를 초과했습니다.

분명히, 적어도 2 달 동안 또는 일관된 이익을 낼 때까지 무역을 시연해야합니다. 그렇게 한 다음에는 정확히 한 달에 얼마나 많은 돈을 벌 수 있는지 꽤 잘 알고 있어야합니다. 그렇다면 유일한 도전은 당신이 데모 계좌로 한 실제 현금 계좌로 똑같은 일을하는 것입니다. 행운을 빕니다!

크리스! 하루 평균 2.5 %를, 때로는 하루에 8 %를 더 선호합니다. 나는 또한 21 살이고 항상 세상에 있습니다. 내가 크게 될 수 있다고 생각하니?

이봐, 대니얼! 댓글 주셔서 감사합니다. 매주 2.5 % 만 만들었다 고해도 불과 몇 년 후에는 부자가됩니다. 대부분의 거래자들은 그들이 더 잘해야한다고 생각하기 때문에 더 많은 위험을 감수하고 결과적으로 모든 이익을 잃습니다. 한 달에 10 % 정도의 빈약 한 것에 만족하지 않습니다. 실제로 매달 시장에서 10 %를 일관되게 만들 수있는 사람은 거래 세계에서 슈퍼 스타입니다.

이제는 내가 그런 말을했다. 나는 당신이 정말로 그런 종류의 수익을 내고, 당신이 진짜 돈 계정을 가지고 그것을 일관되게하고 있다면, 나는 당신에게 말할 것이다. 8217, 이미 슈퍼 스타입니다. 당신은 이미 커졌습니다. 행운을 빕니다!

한 달에 10-15 %의 수익을 올리면 자신의 원칙에 대한 수익을 의미합니다. 20,000 달러 또는 귀하의 레버리지 (100 : 2 백만 달러). 레버리지를받은 2 백만 달러 중 10 %는 매달 200,000 달러가 될 것이므로 너무 많이 보입니다.

차입 자본 이용을 위해 처분 한 돈은 중요하지 않습니다. 어느 쪽도하지 마라. 우리는 항상 실제 거래 자본에 대해 손익 측면에서 말합니다. 철회 할 수 없다면 실제로는 귀하의 것이 아닙니다.

나는 지금 10 일 동안 살고있다. 나는 100 : 1의 레버리지를 사용하고 있는데 내 계좌에 5 만 달러를 가지고 있으며 1 개의 오픈 트레이드 EUR / GBP에 2 백만 달러를 사용했고 EUR를 0,6934로 구입하여 0,70382로 팔았으며 36 시간 만에 30,000 EUR를 만들었습니다. 그리스 MP들이 새로운 구제 금융 계획에 찬성 하리라는 것을 알았 기 때문에 나는 단지 1 번만 무역을했습니다. 다음 8 월 20 일 그리스어가 IMF에 3.6B이자를 지불해야 할 때 다음 거래가 시작될 것입니다. 물론 IMF는 다시 디폴트가 될 것입니다. 내가 보는 방법에는 매월 할 수있는 1-2 개의 흥미로운 거래가 있습니다. 따라서 7 월의 비 레버리지 수익은 60 %이지만 레버리지는 1,5 %입니다. 따라서 매월 10-15 %의 수익을 올리는 경우 레버리지 또는 비 레버리지 란 무엇입니까?

안녕, 대니얼. 앞에서 언급 한 내용에 대해 언급 한 바와 같이 귀하가 넣은 돈에 대해 이야기하고 귀하의 계정에서 탈퇴 할 수 있습니다.

당신의 거래 전략에 관해서는, 당신의 위험한 방법 같이 너무 많이 들린다. 당신이 기술 한 무역은 약 100 pips를 얻었지만, 당신은 60 %를 만들었다 고 말합니다. 그것은 당신이 너무 높은쪽으로 레버리지를 올렸다는 것을 나에게 말한다. 가장 성공적인 거래자는 거래 당 1-2 %의 위험을 감수합니다 (특히 Forex 시장의 경우). 매우 경험 많은 성공적인 상인 중 3 %는 위험에 처한다. 출구 전략은 무엇입니까? 당신의 거래 중 하나가 필연적으로 나빠질 때 당신의 계획은 무엇입니까? 그런 종류의 레버리지를 사용하면 마진 콜을받을 가능성이 큽니다.

나는 직접 뉴스를 교환하지 않는다. 나는 기술 상인이다. 나는 그들이 시장이 그 순간에 생각하고있는 것을 말해주기 때문에 차트가 마음에 든다. 그러나 제한된 경험을 통해 예상되는 뉴스가 종종 시장에 판매된다는 사실을 알고 있습니다. 그 말을 듣고, & nb82; 소문을 사고, 뉴스를 팔아 & # 8221;

그러나 글로벌 금융 뉴스에서 어떤 일이 벌어지고 있는지 이해하는 것은 분명히 유익합니다. 좋은 소식과 나쁜 소식이 특정 시장의 가격에 큰 영향을 미칠 수 있기 때문에 이것이 나쁜 거래에서 벗어날 수 있기 때문입니다. 대부분의 기술 거래자는 뉴스가 공개되기 전에 시장에서 나가는 지 확인합니다. 예를 들어, 비농업 임금 보고서에서 결코 무역에 관여하지 않습니다.

나는 당신이 매월 많은 거래를하는 것을 의도하지 않는다는 것을 좋아합니다. 거래 성공 (수량보다 품질)과 관련이 거의 없기 때문입니다. 또한 돈 버는 것을 막지 마십시오. 만약 당신이하고있는 것이 장기간 일할 수 있다면, 당신에게 더 많은 힘을 줄 수 있습니다. 행운을 빕니다!

크리스! 나는 매시간 100 %의 시장 점유율을 만들기 위해 오랜 시간 (2-3 년) 시장을 지켜 보았습니다. 항상 그런 것은 아니지만, 실제 현금으로 모든 개인적인 시스템을 시험해 보았습니다. 당신이 이미 알고있는 바와 같이, 실제 현금 거래는 가상 거래와 다릅니다. 내가 부족한 것은 현금입니다. 이제는 말한 것이 너무 많다고 생각하면, 2 년 동안 휴식을 취한 채로 시스템은 1000 유로에 불과합니다. 불행히도 저는 대학 학위를받지 못했습니다. 경제학을 공부했고, 금융 거래를 혼자서 할 수 없었습니다. 회사를 위해 일할 수 없습니다. 자격증을 소지하지 않은 회사가 있다고 생각합니까? 고마워요.

Popa, 두 사람은 심리적으로 다르며 많은 데모 계정에는 수수료가 포함되어 있지 않습니다. 또한 때로는 (또는 여러 번) 데모 서버의 보급 가격에 대해 불만을 표시합니다. 그러나 장시간 (수일 또는 수개월이 아닌) 오랜 기간 동안 데모 계좌에 좋은 수익을 창출한다면, 실제 돈의 아주 적은 부분을 위험에 빠뜨릴 수 있어야합니다 무역 당 책임있는 위험에 당신의 방법을 천천히 일하고, 당신의 살아있는 계정에있는 유사한 성공이 있으십시오.

나는 상인이 어떻게 고용되는지에 대해 확신하지 못한다. 그러나 공식적인 교육의 어떤 금액도 당신을 직업에서의 직업으로 준비 할 수 없다고 말할 수있다. 다른 많은 기업가의 노력에도 마찬가지입니다. 개척 정신, 강인함 및 많은 인내심이 필요합니다.

또한 대부분의 거래자는 성공하지 못했습니다. 그녀의 생방 계정에서 한 달에 4-5 % 정도 꾸준히 일하기 시작한 한 여성의 경우 곧 많은 사람들이 많은 돈을 관리한다는 사실을 알고 있습니다. 그것은 대부분의 거래자가 한 달에 몇 퍼센트의 포인트를 일관되게 만들기 위해 죽일 것이기 때문입니다.

장기적으로 볼 때 매월 많은 돈을 벌 필요가 없습니다. 당신은 단지 일관성을 유지하고 귀하의 계정을 성장시켜야합니다. 희망은 당신을 도와줍니다. 행운을 빕니다!

나는 5 년간 데모를 훈련했고, 결국 하루 종일 스트레스를주지 않는 시스템에서 일했습니다. 필자는이 시스템을 50K의 비현실적인 계정으로 2/4 거래 / 일의 4 / 5K (마진 제한)로 테스트했습니다. 2 개월 동안 65 %의 승률 (2 : 1)에 도달했습니다. 1 : 1 이익 / 손실률을 적용한다는 것을 고려할 때, 나는 잃어버린 것들 전부는 아니고 이러한 모든 승리하는 거래들에 계속 주목한다면 나는 돈을 잃을 수 없다는 것을 의미합니까? ?

스트레스, 징계 부족, 나쁜 선택 등으로 인해 2 주 이내에 20 %가 손실 된 1.5kE로만 살았습니다. 나는 압박감에 익숙해지기 시작했고 제 시스템을 개선했습니다. 정확히 50 일간의 실시간 거래가 끝나면 정확히 20 % 나 올랐습니다. 나는 마진을 과도하게 (때때로 15 %) 사용하지만 SL과 TP (1 : 1)를 체계적으로 사용하여 나의 이익의 약 2 %를 정확하게 손실합니다. 40 %의 이익을 얻는다면, 나는 1K (4-5-56) 씩 내비지를 늘리고 60-65 %의 승 / 패배율을 유지하는 한 내 이익을 천천히 늘릴 계획입니다. 내가 너무 위험하다고 생각하니?

나는 당신이이 말을하는 방식에 대해 약간 혼란 스럽지만, 내가 이해하는 바를 (내가 잘못하면 나를 바로 잡는다), 무역 당 거래 계정의 2 %를 위험에 빠뜨리고, # 8217; 20 % 올라간다. 그러한 경우에이 전략을 사용하여 지속적으로 수익을 낼 수있는 한 불만은 많지 않습니다.

그래도 도움이 될만한 제안이 있습니다. 각 거래에서 귀하의 계정 중 적은 비율을 위험에 처할 것을 권장하는 이유는 모든 시스템이 인출 기간 (연속 손실)을 겪기 때문입니다. 당신이 너무 많은 위험을 무릅 쓰면, 이 기간은 당신의 거래 생활을 매우 어렵게 만들 수 있습니다. 예를 들어, 귀하의 계좌에서 50 %를 잃어버린 경우, 휴식을 취하기 위해 남은 자본금을 100 % 반환해야합니다.

내가 얻는 것은 새로운 상인의 경우 2 %가 조금 높지만, 대부분의 상인이 사용하는 것보다 훨씬 낫다는 것이다. 귀하가 (귀하의 인출 기간을 포함하여) 귀하를 위해 일한다면, 계속하십시오. 그래도 더 이상 위험을 감수하고 싶지는 않습니다. 계정의 성장에 따라 수익이 천천히 증가하기 시작할 것입니다. 나는 여전히 전략에 따라 무역 당 1-2 %의 위험이있다.

60-65 %는 특히 새로운 상인에게 아주 좋은 파업 률입니다. 1 : 1 위험 / 보상은 (내 개인적인 견해로는) 이상적이지 않지만, 일부 전략은 빠른 이익에 의존한다는 것을 알고 있습니다. 또한 2 : 1 전략을 성공적으로 실행하기 위해서는보다 강력한 전략과 더 많은 훈련이 필요합니다. 작동하는 경우 전체 전략을 변경하지는 않겠지 만 귀하의 경력이 처음 목표를 달성하면 후행 중지 전략을 사용해보십시오. 이로 인해 가끔씩 수익을 올릴 수는 있지만, 새로운 전략을 실천해야합니다.

나는 당신이 너무 오랫동안 거래 한 것을 좋아합니다. 대부분의 거래자들은이 작업을 수행하지 않으므로 시간이 지남에 따라 성공하기 위해서는 커다란 인내심을 보여야합니다. 최상의 설정을 유지하고 현명한 금전 관리를 계속 사용하십시오. 행운을 빕니다!

나는 내가 충분히 자신을 분명히하지 않았다고 생각한다. 나는 거래 당 2 % (3 가지 거래를 동시에 가질 때 최대 6 %를 의미)를 내기도하는데, 이는 자기 자본의 15 %를 차지할 수 있지만 마진 콜을 결코 얻지는 못할 것입니다. 나는 그것이 위험하다는 것을 안다. 그러나 나는 고정 된 이익을 가진 전략을 사용한다. 나는 같은 금액을이기거나 같은 금액 (1 : 1)을 잃기 위해 일정 금액을 베팅합니다. 수익이된다면 자본을 사용하는 것을 제외하고는 아무 것도 바꿀 수 없습니다. 40 %의 이익을 올리면 내 lot 크기를 20 % 늘릴 것입니다.

믿음에 동의하지 않습니다. & # 8217; 당신이 50 %를 잃는다면 당신은 100 %를 되 찾을 필요가 있습니다. 종이에, 사실이지만, 처음에 20 %를 잃어 버렸을 때, 저는 Win / Loss 9 트레이드에서 균형을 잃었습니다. 처음에 돌아 오기 위해서 나는 고정 된 손실이나 이익을 내기 때문에 Win / Loss 9 트레이드에서 승리했습니다. 아마 위험하지만 Forex는 Black Monday처럼 위험합니다 (1 분 만에 모든 것이 바뀌 었습니다). 이제 나는 손실보다 더 많은 승리를 얻었고, 나의 이익을 설명했다. 나는 70 % w / l 비율로 뾰족 해졌다.

나가 연속적으로 많은 것을 잃은 유일한 시간은 나가 통제를 잃고 나가 붙어 있어야 한 규칙을 적용하지 않을 때이다. 5 년 후에도 규율과 인내심은 유지하기 어렵지만, 결국 나는이 미덕에 100 % 견고해질 것입니다.

나는 짧은 시간 동안 만 잘못된 시간에 그것을 테스트했을 지 모르지만 후행 중지가 나의 이익에 매우 해 롭다는 것을 발견했다. 나는 또한 그것을 따르는 것이 더 스트레스가 많은 것으로 알았다. 나는 내가 할 수있는 것을 택한다. (일반적으로 평균 45 점이다.) 큰 200-300 핍을 되돌아 볼 수는 없다. 60 + -5 %의 와인 율을 고수하면 잃을 수 없습니다. 천천히 그러나 유익한!

너처럼 들리는데 알아 냈어. 너를 위해 일하는 것을해라. 행운을 빕니다!

나는 새롭지 만, 많은 것을 정말로 이해하지 못합니다. 그들 중 몇 안되지만 나는 거래를 시작하고 싶습니다. 그래서 조언이 필요합니다. 어떻게해야합니까?

안녕 Gracien. 사이트 및 거래에 오신 것을 환영합니다. 나는 내가 지금하고있는 일을 알고 다르게했을 것입니다. 바라기를 이것은 당신과 다른 사람들을 도울 것입니다.

첫째, 좋은 거래 시스템을 찾아야합니다. 그렇지 않으면 한두 가지 가격 조치 신호 만 취하기로 결정 했더라도 나머지는 중요하지 않습니다. 당신에게 의미있는 것을 찾으십시오. 하나 또는 두 개의 시스템을 권장 할 수 있습니다.

둘째, 선택한 시스템이 장기적으로 수익성이 있음을 증명해야합니다. 최소 100 개의 데모 거래를 통해이 작업을 수행 할 수 있습니다.

시스템에 따라 백 테스팅을 통해 이러한 거래를 수행 할 수 있습니다. 가능한 한 언제든지이 작업을 수행하는 것이 좋습니다. 몇 시간 만에 몇 달 또는 몇 년 간의 시스템 사용 경험을 얻을 수 있기 때문입니다. 일부 시스템은 포워드 테스팅 (라이브 마켓 데모 거래)을 통해서만 정확한 결과를 얻을 수 있습니다. 예를 들어, 보도 자료에 의존하는 시스템은 앞으로 테스트해야합니다.

참고 : MT4에서 백 테스팅을하려면 한 번에 한 촛대를 앞으로 이동하려면 F12를 누르십시오. Shift + F12는 한 번에 한 촛대 뒤로 이동합니다. 또는보다 현실적인 백 테스트를 위해 Forex Tester를 사용할 수 있습니다. 기능이 제한된 무료 버전이 있습니다. 가능한 경우이 방법을 사용하는 것이 좋습니다.

시스템에 대한 자신감을 얻는 것이 중요합니다. 이걸 가지고 있지 않다면, 당신은 거래를 잃는 첫 번째 행보 후에 배를 뛰어 넘을 것입니다.

셋째, 당신이 당신을 위해 일할 수있는 좋은 시스템을 가지고 있음을 입증 한 후에야, 실제 계정을 거래해야합니다. 당신은 당신이 모든 것을 잃을만큼 황폐화되지는 않을 것이지만, 손실이나 손실 후에 감정적 고통을 일으킬만큼 충분히 큰 계정으로 거래해야합니다. 너무 큰 계정으로 인해 거래가 발생했을 때 (특히 약간의 손실이 발생한 경우) 두려워하게되지만 계정이 너무 작 으면 심리적 인 장애물에 대해 가르쳐주지 않습니다 상인은 직면해야합니다.

많은 성공적인 거래자들은 일찍이 일을하는 것이 좋으며, 수익성있는 시스템을 거래하고 있는지 확실히 알지 못하는 경우에는이 문제가 발생하지 않는다고 생각합니다. 먼저이를 파악한 다음 가능한 한 빨리이 단계를 시작하십시오.

마지막으로, 작은 라이브 계좌로 수익을 올리면 전체 자본을 거래 할 때까지 점점 더 많은 돈을 가지고 거래를 시작할 수 있습니다. 이 부분은 심리적 함정에 빠지기 시작하는 일을 너무 많이하고 싶지 않기 때문에 시간이 좀 걸릴 수 있습니다. 너의 시간을 가져라. 당신은 미래에 훨씬 더 많은 수익을 올릴 것입니다. 또한, 대부분의 성공적인 거래자는 특정 거래 (특히 Forex 시장)에서 1 ~ 2 % 이상의 위험을 감수하지 않는 것이 좋습니다.

이런 일을한다면 대다수의 상인보다 몇 마일 앞서게 될 것입니다. 나는 이것이 당신을 돕기를 바랍니다. 행운을 빕니다!

나는 & 8217; 당신이 이것에 의해 의미하는 것을 얻으십시오 :

& # 8220; 주간 및 월간 목표.

거기에서 주간 및 월간 컷오프를 설정할 수 있습니다. 나는보다 적극적인 위험 감수성을 가지고 있기 때문에, 매일 2 %, 매주 5 %, 매월 15 %의 이익 감소 목표가 있습니다. 나는 매년 컷오프를 사용하지 않는다. & # 8221;

귀하의 일일 목표가 2 %라면 주간 이익은 약 10 %, 월간 이익은 약 48 %입니다.

또는 그 수치는 단지 압력을 제거하고 더 합리적인 수치를 가지고 있습니다?

좋은 질문. 이러한 제한은 현실적인 기대치를 유지하기위한 것입니다. 당신은 매일 목표를 달성 할 수 있다고 가정하고, 그것은 아마도 어느 정도는 될 수 있습니다. 그러나, 나는 매일 매일 내 일일 컷오프를 칠 수 없었습니다.

일관성이 있다면 한 주 전체에서 2.5 %를 얻게되어 매우 기쁩니다. 처음 시작했을 때 그 일에 정착하지는 않았지만, 내가 얻은 모든 것을 되돌려 주었고 더 많은 시간을 보냈습니다. 왜냐하면 제가 제게주는 것보다 더 많은 이익을 얻으려고했기 때문입니다.

한 달에 10 % 씩 촬영하는 경우 (나 같은 경우) 일주일에 평균 2.5 % 정도를해야합니다. 실제로는 일일 또는 주 단위로 더 이상 사용하지 않습니다. 나는 적어도 10 % 이상이 될 때까지 계속 거래한다. 그 시점에서, 나는 그 달에 끝났습니다. 그렇다면 예외는 이미 10 %에 가깝지만 적어도 몇 가지 거래에 충분한 시간이 없다는 것입니다. 이 경우 여러 번, 나는 단지 말하기를 선택합니다. & # 8220; 나는 다음 무역이 항상 손실 일 수 있기 때문에 그렇게한다. 그러나 약간의 거래를 통해, 나는 더 많은 이익을 낼 것 같다. & # 8211; 손실이 먼저 발생하더라도

이 기사는 새로운 상인에게 시장의 현실적인 기대에 대한 더 나은 이해를 제공하고 현명한 자금 관리를 상기시키기 위해 여전히 여기에 있습니다. 당신은 당신이 얻을 수있는 것을 가져 가야합니다. 매매자의 10 % 이상은 아니지만 매매자의 대다수는 매월 5-10 % (무역 당 1-2 %의 위험을 감수하는)의 사람들에게는 일하기 좋은 목표입니다. 더 원한다면 탐욕스럽지 마라. & # 8211; 좋아. 희망이 도움이됩니다.

나는 당신이 의미하는 바를 얻지 만, 당신이 알지도 못하는 차트 (예 : Price Action)와 같은 높은 확률의 거래를 따를 경우 매주 2.5 % 이상을 기대해서는 안됩니다. 나는 몇 달 안에 10 배나 100 배까지 내 계좌를 늘릴 생각은 없지만, 예를 들어 £ 1000로 시작하는 초보자의 경우, 일주일에 25 파운드의 이익은 단기간에 완전히 낭비되는 것처럼 보이며 심리학과 타협 할 수 있습니다 인자.

그건 그렇고, 당신이 따라하는 전략의 종류, 가격 행동 또는 몇 가지 지표, 만약 당신이 PA에 있다면, 고조파에 빠질 가치가 있다고 생각합니까 아니면 단순하게 유지하고 패턴을 찾겠습니까?

안녕, 페드로,

아이디어는 시스템 및 거래 능력에 대한 완전한 신뢰를 얻는 것입니다. 실제 현금으로 지속적으로 수익을 창출한다면 계정에 추가 할 수 있고 추가해야합니다. 또한 1000 파운드가 큰 돈이 아니라면 돈을 많이 벌기 위해 더 많은 위험을 감수하고 더 많은 돈을 벌 수 있습니다. 문제는 당신이 필연적으로 일정 기간의 드래그 다운을 겪을 것이고 너무 많이 위험을 감수하면 빠르게 자기 자본 곡선을 망칠 것입니다. 귀하의 계좌를 모두 날려 버리지 않을 경우. 근본적으로 도박을하고 있습니다. 너는 그처럼 영원히 계속할 수 없다.

제가하고 싶은 또 다른 요점은 매달 또는 매주 목표를 너무 높게 목표로한다는 것은 당신이 거래하는 빈도를 늘려야 함을 의미합니다. 대부분의 거래자들은 더 많은 거래를함으로써 더 많은 돈을 벌 것이라고 생각합니다. 그건 분명히 잘못입니다. 경험 많은 상인에게 물어보십시오.

그것보다 더 많은 거래를하는 것은 당신에게 문제가 될 것입니다; 당신이 할 수있는 거래의 질 (시간을 줄이거 나 낮추거나, 강하지 않은 거래를하는 등). 본질적으로, 귀하의 시스템보다 많은 거래를 강요하려고하면 문제가되는 반면, 수익성있는 여러 시스템이나 전략에서 최상의 거래 만 취하는 것은 논리적으로 목표 달성에 도움이됩니다. 즉, 대부분의 신규 거래자는 단일 전략을 갖고 있지 않으며, 여러 전략이나 거래 시스템에 대한 확신이 부족합니다.

두 번째 질문에 답하기 위해 내 전략이 수년에 걸쳐 변경되었습니다. 나는 하나 이상의 시스템과 각 유형의 시스템에서 여러 전략을 사용합니다 (Forex 시장에서의 전략). Forex 시장에서 나는 PA 전략을 가장 선호합니다. 나는 더 높은 시간대의 주요 지원 / 저항 구역에서 강한 신호를 듣는 것을 좋아한다. 나는 시간의 자유와 신호의 힘 때문에 매일 양초 (스윙 거래)를 선호한다. 그러나 특정 전략에 대해서는 수시로 1H 또는 4H 차트로 내려갑니다. 표시기를 추가하면 발산을 알리는 것입니다.

고조파 또는 다른 기술을 생각하면 우위를 점할 수 있습니다. 그것이 당신을 위해 작동한다면, 그것을 사용하십시오. 저는 PA를 가능한 한 단순하게 유지하는 것을 선호합니다 (강한 신호, 수평 레벨, 추세선 등). 희망이 도움이됩니다.

나는 각 거래에서 내 목표를 2.5 %로 설정했다. 위험은 -1.5 %입니다. 이 시스템은 경기 침체 및 평면 시장에서 잘 작동합니다. 그러나 황소 시장에서, 나는 너무 쉽게 내 목표에 도달하고, 내 판매 가격을 더 높게 설정하려는 유혹을 가질 수는 없다.

이것에 대한 당신의 제안은 무엇입니까? 나는 나의 무역 전략으로 제한해야 하는가 아니면 시장이 좋은 때를 여유가 있어야 하는가?

일관된 이익을 얻는다면, 나는 계속해서 당신이하는 일을 계속합니다. 강한 동향 기간에 더 많은 것을 위해 시장에 우유를 뿌리려고한다면, 보통 목표에서 절반의 위치에서 벗어나려고 할 수도 있습니다. 다른 위치는 트레일 링 스톱 시스템 (예 : 지지대 / 저항 스테핑, 이전 막대의 하단에서 멈춤, 평균 크로스 등)으로 끝내거나 반대 방향으로 다른 신호가 나올 때까지 기다립니다.

분명히 새로운 전략을 다시 테스트하거나 데모해야합니다. & # 8211; 출구 전략 포함. 보상 비율, 휴식조차 멈춤 등 위험에 대한 다양한 조합을 시도하십시오. 테스트는 중요합니다. 희망은 당신을 도와줍니다.

가장 먼저. 어쨌든 이전 의견에 대한 귀하의 답변을 정말 좋아합니다.

나는 질문이있다. 만약 내가 내 계정의 1 %를 위험에 빠뜨린다면. 예를 들어 10k × 0.01 = 100 €이고 200 유로 인 거래액에서 2 %를 만들고 싶습니다. 주식은 합법적이지 않은 것으로 보이는 100 %로 인상해야합니다. 나는 이것을 이해하지 못한다.

친절한 발언에 감사드립니다. 거래하는 주식에 대해 이야기하고 있다면 1 %가 주식이 0에 이르렀을 때만 주식이 두 배로 필요합니다. & # 8211; 즉, 논리적 수준에서 1 %로 설정된 손실을 사용하지 않습니다.

다른 방법으로 말하겠습니다 : 귀하는 손해액을 내고 주식 (주식) 또는 계약 (옵션, e-minis 등)에 대한 정확한 금액을 매입하여 가격이 결정될 때 미리 결정한 점이면 닫고 1 %를 초과 할 것입니다.

Conversely, if price moves in your favor twice the distance you set for your stop loss (say you’re risking 3 dollars per share, and price moves 6 dollars in your favor), then you could close your trade with a 2% gain, having achieved a reward that is twice what you risked.

In the Forex market, it is much easier to risk the exact amount that you’d like to risk on each trade. If you’re shooting for a 1:2 risk to reward ratio, and have your stop loss at 20 pips, you only need price to move 40 pips in your favor. 희망이 도움이됩니다.

I have been swing trading for about a year now starting with $10, 000 , after some initial losses I now have.

about 19k in my account . I try for profits of 1..5 to 2.0 percent per week.

Is this considered good? The performance profit on the account computed by the service is about 51%..

Is that good or average?

Hey William. Good is a relative term. Good for whom? I cannot say what is the average gain of the small group of winning traders amounts to either; only that if you’re earning any consistent profits at all, you’re above average in terms of traders as whole group.

If it’s working out for you, then keep it up. In another year or less, that 19K could be 40K, then 80K, and so on. That’s the beauty of successful trading. Once you get it, no matter what the gain, it becomes exponential. The next 10K should be easier to come by then the first 10K. 행운을 빕니다!

Thank You Chris.

I really like the way you think, from your risk management to your earning expectations. I would be very happy with 5% per month. However, I have not started trading yet, but I have been studying a system for the last three months and I am ready to look for a broker.

I live in the U. S. and I understand that I need a U. S. broker that offers a demo. Also, the system that I am studying uses the MT4 platform.

My dilemma is that I can not get anyone to recommend a broker. I have read many stories about brokers that become sharks.

Everything that I’ve learned so far has been a mirror of what you tell your readers. I have complete trust in what I am studying and I feel that I can trust you. Therefore, would you recommend a broker? If you cannot publish a name in your newsletter, perhaps you could me.

Regardless of weather you can or can’t , I want to thank you for what I think is sound information that you do publish, Thanks, Wayne.

Thanks for the kind words! I always like to hear that I’m helping people. I have no problem recommending a broker. I have used a bunch of them. I’m not an IB or affiliate for any brokers at the moment, so I don’t make any money by referring traders to any particular broker. I can only tell you who I use – take it or leave it. Until recently, I was using FXCM. Due to the recent news, and FXCM being kicked out of the CFTC, I will probably move to OANDA.

Hi I’m am totally new to forex. I have two demo accounts n have read info on it. N watched some tutorial videos. U talked about back testing which makes sense to do Put it this way I just need to learn what about stragies n how to understand it all. Could u direct me to a good place to learn what I need to learn. 고맙습니다.

Hey, Julie, sorry for the late response. I’m happy to help you. I have a free price action course on this site that you might find useful. Combining those signals with significant support/resistance levels, stop run levels, or other trading techniques can be a great way to start out trading profitably.

I’ve tested many paid systems since I started trading. I’ve spent thousands of dollars on them. I only recommend 2 on my this site (for now) because those systems were very helpful to me. I’m testing another system that seems to be promising, but I’m not quite ready to recommend it yet. I still need to do more testing.

Edit: That system was Day Trading Forex Live. I’m done testing, and I’ve switched to trading it almost exclusively in my live account. Check it out if you’re looking for a profitable trading system, and save yourself some money with my coupon code (click the link).

Top Dog Trading was the first system that I recommended on this site. A couple years later, I bought Infinite Prosperity, and decided I should recommend it as well.

If you’re interested in a paid course, I would recommend Infinite Prosperity. I believe that is the best course for beginners that I can recommend at the moment. You can find full reviews and tests of both of those courses on this site.

Sorry about this might be a silly question but I had to seek clarification.

How do you make calculation of say you want to achieve 2% a week on starting account of 10,000. Somebody said if you make this % amount per week for 3-5 years you will be many thousands to the good.

What will be the formula to calculate these results.

How to work this out and see for yourself. Anybody.

Just Google “compounded interest (or gains) calculator” or “…spreadsheet” or “…formula” until you find what you’re looking for.

Or maybe this calculator will do the trick for you.

Just a thank you for a thoughtful, lucid article, and substantive replies.

Very helpful in calibrating perspective.

Thanks for the kind words, John! I’m glad you enjoyed the article.

hi chris… hope you r doing great. i would like to ask about trusty broker for middle east or south asians countries. i have been trading for one year now but didnt find reliable broker.

and the second question is .. what does it mean that broker is regulated ? i mean if someone deposit his hard earned money to the broker…. and if there is something happens like alpari did few years ago… so how can one be atleast get their money back from regulated broker ?

waiting for your swift reply ..

I have limited experience with brokers outside of the U. S., so I cannot give you a specific recommendation. As for your second question, not all countries are regulated the same way. Different countries require different things from brokers in order to be regulated.

The best thing to do, if you’re looking for a trusted broker, is to find out what the regulations and regulating agencies are in your country. Then find out whether or not the potential broker you are researching is regulated by those agencies.

Many brokers will tell you that they are in the “process of becoming regulated by [XYZ]”. Don’t fall for that. They’re either regulated or not.

Also, being regulated doesn’t necessarily mean your money is completely safe with a broker. It all depends on the circumstances and the regulations in your country. You should always be proactive in protecting your capital – especially if it’s a large sum that you cannot lose.

Many professional traders keep only half or a third of their trading capital with their broker. They leave the rest in a savings account, but trade as though all of it is with their broker. For instance, if you had $25K with your broker, but $50K to trade with, and you risked 1% per trade, (when calculating your lot size) you would risk 1% of the full $50K – not just the $25K you had with your broker. This is the method I prefer.

Other traders split their capital between brokers, but do the same thing that I mentioned above. The advantage of this second method is that you can split up multiple open trades between brokers as well. As long as you’re using a responsible trade size, and not allowing too many open trades at once, you shouldn’t have to worry about margin calls with either of these methods. 행운을 빕니다.

thanks chris for your quick response….. i got your point. thanks alot….. you gave me useful idea of splitting capital… but one more question…plz reply this … is ecn broker really good for retail traders? if yes then how to identify a true ecn broker ?

예. ECN is the way to go. You just need to do your due diligence in researching your broker. Start by reading your broker agreement. Also, true ECN brokers have no dealing desk. They will allow scalping. They will have no restriction on where you can place your stop loss or take profit. They will not have a fixed spread. If you only get negative slippage, you’re not dealing with a true ECN. There are more ways to determine this, but these tips are the most obvious. 희망은 당신을 도와줍니다.

Hey Chris i really enjoyed this article is very helpfull. In my situation I’m thinking about founding a forex account with $10k and trading once per day risking 0.5% ($50) of that capital on each trade. The goal is to achieve the 1% on a trade ($100) so this would be a 1:2 risk/reward ratio as you mentioned. So in 20 days loosing half of the trades i’d be winning 5% ($500) wich is perfectly reasonable for me, knowing that the risk is pretty low.

I like the theory of this plan, but do you think it can be done? Also I have trouble finding the correct graphic to look at (I think 5m would be fine) and how long should I be on the market, per trade.

What you’re talking about doing is basically shooting for 5% per month, which is a reasonable goal if you have a profitable trading system working for you.

I like that you’re only planning to risk a small percentage of your account per trade. You’re way ahead already. I also like that you’re realistically accounting for losing half of your trades. Of course, you could lose more than 50% if you don’t have a good trading system, but again, you’re way ahead of the pack already.

If you’ve read this website for long, then you already know that I’m about to tell you to backtest and demo trade for a while before risking your real money.

As far as time frames go, the more meaningful setups always occur on the higher ones. Sometimes losing traders can become profitable by switching to the Daily time frame or higher. I wouldn’t recommend going below the 15 Minute, but I guess it depends on the rules of your trading system. 행운을 빕니다!

Thank you for your response Chris! I think my problem now is that i really don’t know how to start setting up a system, I have several months trading demo, but never sticking to an actual strategy. I’ve study how to operate stock markets a few years ago but I guess the moves i learned there apply more in a long term period. Also I see internet i full of crap, since everyone is trying to sell you THE system to get rich. So i don’t know how to move on with this, what would you recomend me to do?

I completely understand what you mean. I went through the same thing and lost a lot of money before I found something that worked. That’s why I test all of the trading systems that I recommend and use so that you don’t have to take my word for it. I’m surprised more people don’t do this, but it’s probably because a large majority of the trading systems that are being sold don’t work.

I usually recommend Top Dog Trading or Infinite Prosperity, but I’m starting to specifically recommend Infinite Prosperity to new traders. It’s much less complicated than Top Dog Trading. Both are profitable systems.

However, if you want to get a really good ongoing Forex education, and you want to know what really moves the market and how you can profit from that knowledge, I would recommend Day Trading Forex Live. Sterling has a great trading community going on over there. I’ve been testing his system for over 8 months now, and I’m planning to write a full review this Thursday.

If you’re hesitant about spending any money on your Forex education, I also have a free price action course. I don’t recommend pure price action trading, but it can be profitable when combined with other strategies, like trading MACD divergence.

You just need to find something that makes sense to you and then test it so much that you don’t lose faith in it during losing streaks. You need to know that it works for sure. Of course, that means you have to start with a good system, but testing is just as important.

What you said really make sense. I’m just wondering how many people can really earn consistent profit of 10% monthly?

At the moment I pair with a friend to trade for a group of 20 people and it’s still growing, and we managed to get 10%-20% monthly. We are thinking of expanding and is looking for maybe 2 more traders to partner with us. Would you know of anyone with such trade records (myfxbook of 6months consistent profits)?

Not many traders can do that, or at least not for long. I don’t really follow other traders on Myfxbook. I only have an account there to run the 100-Trade Tests for this site. I used to have my live account tracked there too, but when I switched brokers, I never bothered to get it set up again.

I personally get a lot more out of my trading journal, as far as understanding my real trading habits, p&l, comparing trading systems, etc…. Myfxbook is only used because nobody would actually accept my personal trading journal as proof that a system works.

Loved the article. What do you think is the easiest system to pick up? I’m currently trading 4 hour chart on a couple of pairs. Do you recommend sticking to a few reliable pairs or a lot of pairs to find set-ups? Either way, which pairs? Also, do you think a reward to risk of 2:1 is easier to achieve in shorter time frames or swing trades? 감사!

댓글 주셔서 감사합니다. Those are some great questions.

The easiest trading system that I’ve used was the Forex Gemini Code, but it’s not profitable.

Day Trading Forex Live is profitable and easy to learn. The system itself is not super simple, but we’re all trading this system live together. The community, ongoing daily support, and live trading room really help new members get up to speed fast and trade the system correctly.

I also like to trade price action. Price action trading is great and it can be used in combination with other trading systems. However, price action techniques take lots of screen time to become proficient at. I’ve got a free price action course to help you get started if that’s the way you want to go.

As far as trading more or fewer pairs, it really depends on the trading system you’re using. Sometimes you have to trade many pairs to get enough quality setups, but it’s ideal to trade just a couple of pairs until you become very familiar with those pairs. I only trade the Euro and Pound with the DTFL system, but I’ve traded 10 or more pairs in the past.

I would say that a 2:1 reward to risk ratio is easier to achieve on the Daily chart because the spread is typically a smaller portion of your risk the higher you go up in time frames. That being said, you can get better buy points and more movement (relative to your risk) on the lower time frames, so again, it comes down to the trading system that you’re using.

Trading the 4 Hour chart on just a couple of pairs sounds like a great plan as long as you’re getting enough quality setups for your edge to play out in your favor each month (or most months). Assuming your trading system is profitable, it sounds like you’ve got the right idea. 행운을 빕니다!

I came with some experience from MTI, a very costly, yet just an average traders’ institute that is more interested in selling more and more of their courses /systems that are tied to its UCS and I realize I can’t continue with such an expensive setting and was desperately looking for cheaper alternative. Why would I not use the free MT4 and make some money instead of being on a subscribed charting software? This led me to Forex Gemini Code (FGC) which to me was a disaster. I realized Alaziac was just a marketing firm for a lot of sweet talk marketers of new systems for newbies and the annoying thing is that they charge high for these non-profitable systems sold on market high pitch. I later came across Top Dog Trading as well but the scare of FGC had not allowed me to make the move, though I kept taps of TDT. I realized I was hooked to MTI based on their Fibonacci tool. I searched for a tool that would give me the Extensions without me having to place it opposite the direction as is defaulted on MT4. I became successful in this by imputing negative numbers and levels into the MT4 Fibo tool after working them out. I tested this over and over by spreading the default opposite and the levels coincided. When I came across your Fibo tool adjustment article and the one you gave from another source, plus the fact you have reviewed TDT positively as well as stated how horrible FGC performed, I realized this was a fellow trader one should give a high consideration of trust to. I’ve therefore stuck to reading some of your articles which I must say are mostly revision for someone like me with my experience from MTI. However I was even more impressed by your recommending DTFL and IP as better than TDT. Coming from someone like you who’s passed through some experience, I believe you are not selling for them and you’ve won one fan who’ll try DTFL. I’ve in fact been visiting their site to watch some of their videos to learn. Can you also help review a system called [removed]? I wait to hear from you.

Wow, Zat! Your story really paints a picture. I looked into MTI myself, BTW, but never pulled the trigger. I know the feeling of getting burned by slick marketing. FGC was one of the worst, but far from the only time it happened to me. I’m glad you came across my site and that I could already help you in some way. I think you’ll be happy with DTFL if you choose to give Sterling a shot. For me, DTFL was a breath of fresh air. I hope it’s the same for you.

I probably will not review the system that you mentioned. I’m busy preparing some things for the future of this site. When I get the time I have several other reviews already lined up. I wish I had the time and money to test every system on the market to let you guys know which are profitable and which aren’t, but I’m only one man. Maybe that will change in the future. 읽어 주셔서 감사합니다! I hope you check back in from time to time.

Loved the article and the comments even more! I’ve been looking to start trading 10k and was planning on 1-2%gain/.5-1% loss targets. At least now I know I’m not crazy, or not the only one 🙂

This entire thread is a treasure of info! Thanks for putting it together!

Thanks for the kind words! It sounds like you have the right idea about reward to risk and risk management. Hopefully, you’ve done your backtesting and demo trading, and have found a profitable trading system that you’re confident in and that works for your trading schedule. If so, it sounds like you’re off to a great start.

I have recently made 1000% in 3 weeks. Lots of small trades within a fairly specific range bound currency pair. Often trading 20 times per day. I have spent 4 years watching the market. Lost a huge amount of money from being poorly disciplined. My goal now is to try and average 2-3% per day. If it’s not going my way I walk away.

I always watch the market, never set and forget. I use RSI and volumes to judge when to enter and exit. The best times to trade is when it’s relatively quiet. Be aware of Yuan fixing every day between 0100-0130 gmt!

와우! Sounds too good to be true. I hope you can keep that kind of performance up. Do you mind sharing more details? What specific pair are you trading? What are your entry, exit, and take profit rules?

Yes that’s what worries me. I trade only the AUDUSD. I live in Australia so I understand more of what’s happening in my neck of the woods and it fits with my time zone. I watch the bond rate differential closely compared with the DXY. I also read the daily economic reports from our banks. They are a wealth of information. Specific times of the day also are more volatile. Learn to know when various markets open and how they’re influenced and relate to the broader view. Trying to understand how different countries own bond rates are influenced by carry trades is also always in the back of my mind. Commodity prices influence the AUD significantly so it’s been quite resilient of late. No more big trades on macro economic changes. The market is reactionary not proactive in its pricing. I’ve been correct many times on the overall trend but way wrong in the timing therefore wrong and been burnt. My new trading regime will see me through. Small bites is the key. Don’t be greedy and quit when it’s going against you. I’ve done both incorrectly many times and been margin called and lost all my capital. Learn how to read candles and get a feel for what’s happening and be very careful of news feeds. They aren’t always accurate and often late.

I’ll update prior to Christmas. My trades are all recorded by my broker for all to see when the time comes. My plan is 365 trading days and see where I’m at. I will let you know.

I don’t have a lot of experience trading fundamentals in the Forex market. I do a bit of that in the stock market, but I’m a technical trader.

I keep my eye out for situations that could create market conditions that I want to avoid. Other than that, I trade divergence, stop runs, patterns, trends, etc.

It sounds to me like you’re not using a stop loss, which is rolling the dice, but do what works for you. I don’t want to discourage you from making money.

Keep in touch and let us know how it’s going for you.

How was your Christmas?

I’m now at 1500% return but have decided to reduce my leverage as I’ve had a couple of close calls! I’ll update at the end of January.

Truly unbelievable results, Ross! You should be a millionaire in no time. If you’re tracking your results with something like Myfxbook, you should send us a link.

I had a great Christmas, BTW. 행운을 빕니다!

I had a look at Myfxbook and signed up. Lots of info but I’m not going to allow access to my account to the public to view. Rather stay below the radar at this stage.

나는 이해. I don’t show my personal accounts either.

I enjoy your website and this article as I am stuck in the setting trading goal stage. I have years of trading experience, but I get stuck on over trading throughout the day because I simply never set realistic daily/weekly/yearly goals.

Here is my questions for my goals below:

1. I need $150 daily profit to reach my yearly goal, but winning everyday of the year is impossible, losses will come. How do I adjust my daily goal for unexpected trade losses, but still have a chance to meet my yearly goal? Currently my R:R I aim for is 1. I have not backtest the system I use to see if R:R 2 is achievable for my style of trading.

2. Do you recommend back testing for about 300 trades to determine the win ratio of if my trade system can produce consistence daily profit of $150?

Trading Capital Amount:

$10,000 (not including margin)

Risk Per Trade: $150 or 1.5% of Capital Amount.

Tick size: $5 per tick, $20 per point.

Contract Amount: 2 contracts per trade.

250% ROI per year of inital capital of $10K or Earn $25K per year.

-$300 (15 tick stop loss per trade)

Thank you so much for the help.

Thanks for the comment, Darrel. In my personal opinion, I don’t think you’re setting realistic goals. It’s not really helpful for traders, even experience ones, to set daily and weekly goals. It’s better just to focus on what your edge can realistically provide on a monthly basis.

The purpose of profit cutoffs, as I talked about in this article, is to keep traders from becoming overly greedy – especially new traders. It’s like saying, “Okay… you’ve made some money. Now count your blessings and quit while you’re ahead.”

Experienced traders, however, simply take what the market gives them. What you can get out of the market each month with a single trading system will naturally vary.

What are you going to do if your system doesn’t provide a qualified setup on any particular day? Setting strict profit goals will only encourage you to overtrade or overleverage.

Start out by seeing what you can actually earn from the market, and be happy if you’re consistently profitable (because most traders aren’t). If you need more, build upon your success by trading your system on other instruments or by adding another system.

I’ve written another article about this that you might want to check out: fxdayjob/how-much-do-forex-traders-make.

As far as backtesting goes, 300 is a good number. Most traders don’t do anything close to that, but it’s a plus if you’re willing to do that amount of work.

I had a reader message me on Facebook recently. He was asking me about one of the trading systems that I recommend on this site and asking me if I thought he could average 2% per month. I thought to myself, “This guy is going to make it!”

In your case, as with most of the other comments on the page, I feel the need to warn you. Making $25K per year from $100K is easy. Doing the same from 10K would make you an anomaly… a freak of nature… a rockstar in the trading world.

If you’re truly capable of sustaining performance like that year after year, you should be answering my questions – 다른 방법은 아닙니다.

I have been demo trading in the UK one trade each day on the FTSE 100. One spread trade with a margin value of just of £1000 and (£30 per point. I only trade the opening low just after the market opens at 8am.

Consistently closing at £400 profit (may target)….. though almost always could close at a higher profit.

FTSE 100 over the last three months daily low to high has moved 20/30 points.

Your view of this disciplined strategy?

Unfortunately, I have no experience with spread betting or the FTSE 100, Gary. If it’s working for you, go for it. I would suggest easing into it with small amounts of real money at first. See if you can maintain that success before you increase your position size.

which are the legit and advisable forex brokers to trade with for a USA or CANADA resident.

I’m not sure about Canada. I haven’t researched it, but Canadian traders are likely to have more options because of the strict regulations in the USA. Compliance is harder to achieve in the USA (and much more expensive), so there are fewer Forex brokers competing for your business at the moment.

Hopefully, that will change in the future. FXCM left a big whole that the free market will eventually fill, but for now, your best choice in the USA is probably Forex or OANDA. I’m trading with OANDA.

Thank you for your inputs on money management and trading strategies. After constructing countless systems over the past couple of years, my current system is producing approx. 10% / week. However, its R:R is 1.5:1. Even though it has been profitable consistently for the past 4 months, I know consecutive losses may put my account at risk. 어떤 제안?

If you’ve done your homework (meaning you know the system is profitable long-term), all you can do is keep your risk reasonable to that you’re account isn’t wiped out during a string of losses. I only risk 1% per trade in the Forex market. I’ve used 2% or more in the past. Most professionals risk 1% – 2%.

Also, keep in mind that everyone, no matter how long they’ve been trading or how large their account is, has a number that scares them. This can change over time. I can still risk 1% without being nervous about my trades – even when I’m experiencing drawdown. If you’re risking an amount (even if it’s less than 1%) that makes you nervous about pulling the trigger on a trade, or pulling the trigger after a string of losses, you’re risking too much.

If you can take the normal emotions out of trading, you’ll enjoy trading more and get the most out of your system. Sometimes that means risking less and earning less. 도움이되기를 바랍니다. 행운을 빕니다!

Makes sense! assuming $2000 account, even if I had 10 consecutive losses with 2% risk, I would lose approx. $400 or 20% of my account….still live to trade another day. Anymore risk would put the account in jeopardy in case of 10 losses in a row. Obviously, I’m more interested in the upside which to your point would be less but I’ll enjoy it more. So, I’ll stick with max. 2% risk with my current system even though I’ve only seen 2 consecutive losses so far. Thanks for putting it in perspective for me.

문제 없어. You can always work your way up to more risk, but I would wait until you know how your system will handle a variety of market conditions. Even then, I would only consider increasing your risk while the account is still relatively small. 행운을 빕니다!

I have a simple yet wierd question. If I set 10% per month and in 5 years you are some 4-5.

hundred thousand dollars. And you decide to withdraw. How will the broker behave? Will they give you the money?? Or what if it goes bankrupt. Is this a serious fear, or not?

미리 감사드립니다.

That’s a good question and a valid fear. I’ve heard the same question many times. If you’re using a broker that is regulated in your own country, you should never have a problem withdrawing money. Be sure you know who you’re entrusting your money to.

If you have a large trading account, you could keep 1/2 or 2/3 of it in your bank and only keep 1/2 or 1/3 of it with your broker. You can just leverage up and trade as if all of your trading capital is with your broker. That way, no matter what happens, you’re never fully wiped out. 도움이되기를 바랍니다.

First of all, thank you for putting so much time and effort and answering everyone’s questions. The trading world is full of people who either give you half truths, or try to scam you, so it’s nice to see that there are people out there who are really trying to help others.

I am in desperate need of some affirmation, because i want to be sure that i am not delusional. if you think my thinking is unrealistic, please let me know. i will try to make it very short, so as to not waste your time.

i started to look into trading in 2011, my path started in the supply/demand areas of study. i did it part time for fun to learn. a year and 2 months ago, i decided i wanted to take time off from work and try to trade full time. i have been trying to develop my strategy since then. i first traded with play money, then started risking .05%. just because i wanted to make sure that actually getting filled in my positions, was part of the equation when it came to accuracy. i THINK, i am getting very close. my goal is to have 8 trades per week, with a 50% accuracy. my trading strategy gives me 3:1 profit. so basically, if everything goes according to plan, i want to get 8% per week. last week, i had 4 winners, and 5 losers. but i need more data. am i delusional? is this doable?

my second question is, if you have a $10 million account, is it possible to post similar gains percentage wise? in your own trading, have you seen that no matter how large your account gets, you still have 120% a year?

답장을 늦게 보내서 미안해. We just moved and I just got internet connection again. Thanks for the kind words. I got started in 2011 as well.

Let me list some of the good and bad things, from my perspective, that I see with your plan. You’re risking a responsible amount of money each trade and your reward to risk is great. Depending on your trading strategy, your strike rate sounds relatively realistic as well.

You said you want to get 8 trades per week. In my experience, you should take every trade that meets the requirements of your trading system (on your selected pairs) – even if that means taking more or less than 8 trades per week. Picking and choosing which qualified trades to take is essentially gambling. On the flip side, what happens when you’ve only taken 2 or 3 good trades and the week is nearly over? Do you start forcing trades? That’s equally destructive if not more so.

I hate to be the bearer of bad news, but in my experience, 8% per week is a LOT to hope for. If you’re doing it, please don’t let me stop you. That’s great. However, I don’t personally see that being a sustainable strategy.

Also, you said you’re taking time off of work to try trading. I did the same thing. It’s a mistake in most cases. Trading is hard enough to do without the added pressure of producing a livable income within a set time limit. The added pressure is just one more psychological hurdle to overcome, and it can be a big one.

As for your last question, liquidity in the Forex market shouldn’t be a problem There is a certain point where your broker may start interfering with your orders, canceling orders, or they may simply close your account. It has happened before. However, most traders don’t trade with a large enough account to worry about that. I only personally know of a single trader who trades with more than a million dollars and he doesn’t trade Forex. Most trade with less than $250k (usually much less). Then again, if you already have millions, there are easier and safer ways to invest it. 도움이되기를 바랍니다. 행운을 빕니다!

Hi really interesting read.

I recently started trading my futures account and put $25,000 into it. I have a loss limit of about $500 a day. I have had a few bad days and am down about $2000. I’m really struggling to not think about this when trading. It’s also causing me to try and chase bigger profits and because of this some days I have given back everything I made to the market! How can I deal with this ?

Also having the discipline to stop at your day loss limit can be hard when you feel you see another opportunity. How do you deal with your losses ?

It’s affecting my trading.

First, you didn’t mention if you’re using a proven trading system. That comes first. I’ll assume you are. If you feel like you’re losing too much during periods of drawdown, you need to risk less money per trade.

Real trading profits consist of lots of small wins, losses, and scratch days. If your trading system provides a real edge, you’ll occasionally have winning days or weeks. That’s where your profits come from. Sometimes you’ll have a losing month, but those shouldn’t happen too often if your system is good. Just know that you should expect even a great trading system to fail during certain market conditions. Nothing works all the time.

Lastly, using cutoff limits as described in this article is not the only way to trade. In fact, if you read my previous comments, I don’t personally use cutoffs anymore. If you’re trying to trade as mechanically as possible it’s better to risk a low amount per trade (something that you’re comfortable losing) and keep taking the good, qualified setups as they come along.

If, for instance, your system is to take every qualified setup that occurs across 4 pairs on the 15-minute chart from NY open to noon (given no significant, market moving news is released), then you should do just that. Deviating from that plan could spoil the edge that your system provides.

Some traders still prefer to use profit and loss cutoffs. It helps to fight greed and introduce discipline when you’re new, but in my experience, this method doesn’t work as well with mechanical trading systems.

Thank you for the reply, the way you explain about not just stopping at your limit but following your system is very interesting as I have done this and turned what would of been loss days if I had stopped at my limit into profit days.

I have found also my system works better when I have more volatility in the market. I trade from the UK so usually 2.30pm on wards I find the best trades. I also trade news which I find can be great.

Do you trade only your own capital or other people’s also? If so how do you decide what there return will be ?

I have found your comments very helpful.

도와 드릴 수있어서 다행입니다. I like to hear that.

So far, I’ve only traded my own capital, so I’m not sure how I would share the returns.

I agree that volatility is key to trading. I usually trade from NY open to noon (ET). I’ve traded the London session as well. When I first started trading, I traded the Asian session because I still had a job. That didn’t work.

I avoid big news events because that’s not part of my trading plan. However, given the volatility that those events can create, I can see how trading news events could be profitable with the right system.

안녕 크리스. Your blog is a source of inspiration and a mirror for traders. I have loved and appreciated each bit of honest advice given by you here. I started trading back in 2009 and after a couple of years of modest success, I moved to the stock market because trading spot forex became illegal in my country. For a number of years my stock trading has been nothing glamorous, but I have been making a consistent 2% a month. I now find myself moving to Australia and i’d like to start trading forex again and quite motivated to start a business offering forex signals. My question to you is: Is 2% per month ROI (without the use of leverage) a good offering to my subscribers. Would they even be interested? I can give more returns but im comfortable with fewer trades and consequently very little risk. Please do advice.

Hello, Gautam. Thanks for the kind words. I’m glad you’ve found this site useful. I’m glad you’ve found some success in trading. As far as your signal service goes, it may be hard to get amateur traders excited about 2% per month, but experienced traders and those who have tried and failed to earn any consistent gains will see the value in a consistent 2% per month. Most traders don’t make any consistent profits, so there is definitely value in a consistent 2% per month gain. You’ll never know exactly how much value until you give it a shot. 행운을 빕니다!

Thank you for for taking the time to answer all the questions and to put valuable information for traders. So i’m a day trader, trading mostly forex and commodities on the futures market. I started trading with my own funds few month ago and i have questions about money management ;

1- i use the 1% rule for risk on a sigle position but i was wondering if i have 2 contract for exemple, should i keep the 1% risk or should i take 2% ? (because 2 contracts for the same position).

2- Assuming that i want to grow my capital and pay myself, how much should i leave in the account monthly/quarterly ? (i know its not an easy question, but maybe if u have a ideal ratio as an exemple)

3- last one , are your daily/weekly targets, gross or net (after comissions and fees)?

1) If you’re talking about taking two separate trades on the same vehicle (where that’s possible), you could do it either way. Just be consistent.

2) Obviously, if you’re profitable, the more of that profit you leave in to let your account grow the better. However, I know some people that take withdrawals for the simple reason that they are more comfortable trading a smaller account. These people generally take more risk, though. If they blow their account, they want to have those withdrawals put back to open another. If you really intend to grow your account, leave it all in. If you’re having to take withdrawals to live on, trading is probably not going to work for you.

3) I’m always talking about net profits and losses.

Good questions. Sorry about the late response. 도움이되기를 바랍니다.

A Forex Trading Plan: Limit Your Greed and Make More Money.

I don’t know how long you have been trading forex, but you can be among those traders who have been trying to make a living or at least a supplementary income through forex trading, but have not been successful so far.

There are a lot of people who have spent several years to learn forex.

They have tried so many systems and strategies but they still lose.

They still think that they have not found a good system and their problem is that they don’t have a good trading strategy, but they are wrong.

They have had several good systems but they have not been able to make those systems work and make money for them.

They know much more than what they should know to be a profitable trader, but they still read and learn more and more and still they think that they have not learned enough.

GREED is the most important reason of their failure.

They have not been able to become a profitable forex trader because they are greedy.

Because they are not even aware of their greed.

It controls them and pushes them to overtrade and take wrong positions, but they don’t know.

Greed is a normal emotion that everybody has.

당신이 지금까지 탐욕스럽지 않고 욕심이 없다고 생각한다면, 단지 외환 거래를하고 당신이 얼마나 탐욕 스러운지 보아라.

Everybody likes to work less and make more.

Everybody likes to become a multi-millionaire or multi-billionaire within the shortest time but the problem is this strong desire can not only prevent you from getting rich, but it doesn’t even let you become a profitable forex trader who is able to make a steady small income every month.

The problem is that sometimes we don’t know what greed is, what it does and how it works.

over-trade take positions when there is no strong and sharp signal take the position while it is too late and you should wait for another trade setup push yourself to trade every day and when you don’t find a trade setup one day you feel angry, guilty and uncomfortabletry to double or triple your account within the shortest time get furious when you see you have missed a good trade setup take too much risk and trade more than 2-4% of your account don’t close a wrong position as soon as you are realized that it was a mistake follow several trading systems and strategies because you want to have as many trade setups as possible every day still look for e-books and articles every day and you read them and follow and try their directions and you are not happy with what you have learned like to trade with small time frames to have more trade setups set a big pip or monetary goal for yourself and you get upset when you can not achieve it…

THEN you are not able to control your greed.

I don’t say you are greedy.

I say you are not able to control your greed.

Because everybody is greedy.

The difference is some people are able to control their greed and some people are not.

Now let me share something with you today.

그렇다면 당신의 욕심을 통제하고 수익성있는 외환 거래자가 될 수있게되기 위해 무엇을해야하는지 알려 드리겠습니다.

Please read the below paragraphs to see what made me talk about greed:

Last Friday the daily candlesticks had formed a very strong sell signal with several currency pairs including NZD-USD which had the best trade setup, but unfortunately market was opened on Sunday afternoon with a big gap, almost in all of the currency pairs that had already formed a trade setup.

Usually when market opens with a gap, it is used to go against the gap direction and fill it because those traders who already had a position from the last week, when they see they are in a big profit because of the gap, they get overwhelmed and close their positions to collect their profit and so price goes to the other direction right after the market open.

But last night it didn’t fill the gap and kept on going down.

In these cases, I just call it bad luck and then forget about it and wait for another trade setup.

I never enter if I am late.

If I can enter on time and with the price that I should enter, I do it, otherwise I ignore the trade.

This is a very important aspect of discipline that a trader should have.

Our greed pushes us to enter even when it is too late.

I know it is a pain to see a good and a strong trade setup runs away from you while you are not on board, but this is part of the game too.

We can not catch all the movements.

I read somewhere that a trader said he preferred to be late than wrong.

But I think being late can be as risky as being wrong.

So I prefer to be right and on time than wrong or late.

Maybe many of you, have been trying forex for several months or even a few or few years but have not been profitable so far.

You make some profit every now and then and lose it with some bad trades.

Let me share a million dollar secret now.

It is the right time to do it.

You will become profitable only when you become able to control your greed.

You should be able to ignore some positions and signals that don’t look good and strong or you are late and it is not safe to enter.

If you review your memory, you will see that most of the bad positions you have taken are because you have not picked a strong signal or because you had missed a strong signal but you pushed yourself to enter and make some profit and get out.

But they went against you right after you entered.

Maybe they have been waiting for you to enter to change their direction.

Sometimes it really looks like that a position has been waiting for you to enter and right when you clicked on buy or sell button, it changed its direction.

It is because you are late or you have picked a poor signal.

Being late or picking a poor signal is because of nothing but greed.

You can not ignore the money that it might make for you.

When it comes to trading, everybody becomes greedy.

Please don’t get me wrong.

I am not criticizing you.

Everybody likes to work less and make more.

I knew myself as someone who could be everything but greedy.

But when I started trading, I discovered my greed.

It is hard to know it first.

You have no idea.

It pushes and controls you but you don’t feel it.

You are not aware of its presence.

You will become a profitable trader only when you know it and become able to control it.

What is the solution?

The other problem with greed is that it covers your eyes and doesn’t let you see the bigger picture.

You think, to become rich, you should have a $100,000 account and double it every month and as you can not afford to have such an account, you try to double or triple your $5000 account every week to reach that level but you wipe out your account every month.

This is your greed that doesn’t let you sit and calculate and see how much money you could make if you just would be patient and happy with a small amount of profit every month and what account size you would need to become rich in a short time.

If you start with $50,000 and make only 5% per month, after two years, you will have a $161,255.00 account and a monthly profit of $8,062.75 (of course if you don’t withdraw any money for two years).

It is a $96,753 yearly income which is good.

Besides, you can still leave some of the monthly profit in your account to grow it even bigger.

Then you will have more monthly profit.

What I am trying to say is that a small but steady monthly profit can create a great income for you after a while.

But if you follow your greed, you will do nothing but losing your money.

This is possible only when you become a consistently profitable trader.

우리의 23,000 명 이상의 충직 한 추종자들이 지금 우리의 전자 도서를 무료로 받으실 수 있습니다!

+ 우리가 누구이며 왜이 사이트가 만들어 졌는지 배우려면 여기를 클릭하십시오.

Hello, I think that this was a great article. I suffer from every aspect of greed that you listed. This week alone I have made more money than in the past month. 왜? I traded only one system, (I have a million of them), I did not trade with 10% of my account on one trade, I did not trade NFP, I traded only the 4 hr time frame. So thanks, you really described my dilemma, and the pointed me in the right direction for profitable trading.

How can I download your new e-book…?

Hi there, what a nice article you have written. I have been trading just for 6 months and i saw myself in several parts of this indresdible article. Since i’ve started to trade i have lost a portion of my account opening high risking trades with a weak signal or opening a position too late because i cant really controll my greed and wait for a better trading se.

…a better trading set up but after i found out this article i could see clearly all the mistake i had made. When we see that with just 25 to 30% profit a month we can litteraly build a long term strategy of winning trades reducing drastically the risks so we are able to control our greed. Thank you so much for sharing your opinion, believe you are saving lives you are giving us a chance to see the bigger picture. Last week i’ve lost $1250 because i was not able to control my greed but i learned the lesson and now a replaced all the money. We need discipline and a understanding that we just need 1,25% profit per day to reach our goal and it’s extremely easy to achieve and when you realize it you are ready to control your greed. I know there are some days where is possible to make 30% to 50% profit in one single trade position and it happens when you take a good wave but it can’t be a rule but just ann exception.! Thank you so much for sharing…believe when i feel that greed is trying to control me i run to this article to remember all you told Hugs from Brazil and Green trades for us.

정말 고맙습니다. You changed my trading vision.

What a great article thank you again.

Thank you so much for this article. I have blown up several accounts. But the strong passion I have for keeps me coming back each time I plan to stay away.

You applied all simple principals of life to this problem to solve it… People overcomplicate things and this is so easy with your explanation 🙂 you really helped me here and opened my eyes. I will apply this rule to my strategy and will keep you updated how I’m doing in few weeks 🙂 self control really plays the role.

Thank you for this great article.

hi great article, are anybody here to help me to make 20% monthly in market? i have question from author of this article that which trading strategy he use? please me thanks.

We trading using the candlestick patterns and Bollinger Bands. We also use technical analysis sometimes when it helps.

Dear, while reading your article I believed you are talking about me. my case is the same you talked. I lost more than $60,000 within 6 years trading . my great mistake was funding my account with little money, lose this little money then fund other little . finally i found my self a big looser… I decided to stop reading & trying new systems. I will stop trading a while as a fighting rest & collect all my Experience in a few points on a white paper as a plan for me . I will follow your articles and I wish succeed.

I have question, there is an agent or employee of a brokerage company suggesting me to open an account worth 100 U. S. dollars, I like to believe that it is possible since I have so limited cash; now I like to request your opinion Chris that 100 U. S. dollar is enough for a capital for , anyway I am new and have no experience about trading and I still studying your articles.

Hi Alejandro. If they allow you to trade mini-lots (0.01 lot), then you can work with a $100 account, however the problem is that all brokers who offer $100 accounts and mini-lots are market maker brokers.

hi Chris.. Can I know market maker brokers only let us to open 100USD account? and what about other brokers??

Hi Asiri. Yes, it is only the market maker brokers that are able to offer mini-lots and too small accounts like $100. True ECN/STP brokers can not offer mini-lots because liquidity providers don’t support it.

Thanks for your reply…. Chris…

Asiri you may want to look at Oanda you can trade any size. down to one”unit”

whatever 1 goes for not a “lot”no hassle practice account. I do not work for Oanda!….

the best ..bollibands..and candles..I switched back to practice….I’m winning 6 out of ten so far. the only indicator i added is momentum.

thank you freind.

If I have $1,000 balance and 1:200 leverage account, I would have $200,000 USD to trade with. That means I should have no problem trading a standard lot (100,000 units), right?

You will need a $568.94 margin to trade one lot EUR/USD. So, the answer is yes. But are you going to take that risk?

How did you come up with the$568.94 figure? 감사.

Hey Chris, Is that really true? Because Tradersway is ECN broker and they allow $100 accounts. Can you touch on this or correct me?

It has become a little hard to judge now, because I see almost all ECN brokers offer small accounts like $100 accounts. I don’t know how they do it and what kind of liquidity providers accept to handle microlots. Maybe they put the small accounts on a market maker system.

Chris.. I agree with you…. It’s good way to control our greed…

Thank you Asiri. How is your trading going now? Are you still demo trading, or you are trading a live account now?

still not Chris.. I’m still trading with demo account… because I feel, I have not enough confident to trading with live account and have something more to learn about …. thanks for your guide…

큰! 좋은 일을 계속 지켜라. You will always have time to open a live account. You’d better to do it when you feel enough confidence. There is no rush. Make sure to read the below article, if you have not done it yet:

oh my gosh… Chris.. yesterday I was following this posts… thanks…. always keep in touch with you..

Good luck Asiri 🙂

I would like to thank you for the great job that you’re doing and for your sharing spirit. Please can you tell me why “I know it is not possible to have a 652 million dollar account and a 163 million dollar monthly income” ?

천만에요.

I meant it is not possible to have such an account and income as a retail trader with the ordinary brokers.

Thank you Chris for the article.

Based on what you have said in this article. Is it possible to let the account grow until the third years with a reliable broker and make the 25% monthly profit? this way you will be a millioaire in 3 years which is great but you said that it is risky to let your account reach in millions because of maret crach or Brokers problems.

Would you please explain this to me whether it is possible and safe to keep growing the account until the third year and have a million dollar accoun and then withdraw it?

many thanks Chris.

천만에요.

That is possible but it is risky with retail brokers, although the risk is not too high. You can split your money among a few brokers. Later when your capital grows, you can trade through banks which is a little more expensive but much safer.

great great article, greed has ruined many things, relationships, countries, empires..etc, and we still havent learned.

Honestly, I’m doubtful if one could make above 10% without over-trading. Am I correct that when your account grows, the brokers lower your leverage and it will be become more difficult to have a monthly return of even 5%?

Would you please clarify what would be a realistic expectation for a trader?

No, the broker doesn’t lower the leverage when your accounts gets bigger.

> Would you please clarify what would be a realistic expectation for a trader?

A trader can expect to become rich through trading. Making a 6 figure income through trading every month is a piece of cake for the professional traders.

I have had this same concept in my mind forever. My goal wasn’t necessarily 25% per month, but it was 1% per trade and one trade per day which adds up to be about the same. The only problem is that I can not consistently get winning trades. I have done a ton of research on the safest strategies but I am lucky if I win over half my trades. Do you have any advice on a solid strategy that produces consistent winning trades?

Thank you for your comment and welcome to LuckScout. Please start from here if you are looking for a good trade setup:

I would love to change your name to Jesus Chris. I just can’t believe you are doing this for free. please can I see the picture of this Genius called Chris? You have made my day with this article. THANX a lot.

“I know it is not possible to have a 652 million dollar account and a 163 million dollar monthly income.”

Everything is POSSIBLE … the only limit is our Limiting beliefs of what is possible or not!

It is possible, but not through the ordinary retail brokers.

Can you earn 400 thousand bucks per month with the ordinary brokers? What are the brokers where you can earn more than 100 thousand at month?

It is a realistic data and approach of trading . Thanks chris.

as amazing as the above spreadsheet looks, from my calculation it will be rather ‘hard’ for a novice to make 25% on a monthly basis, if we are following the rule of risking 2% of our capital.

For a $1000 accnt balance, when we risk only 2%, and assuming we have a SL of 100 pips, we cannot open a position of more than 0.02 lots.

If we open that kind of position, value of each pip ( for EUR/USD ) will be only 20 cents!

So to make $250 in first month ( for a 25% profit), the number of pips we need to earn is 250/0.2 = 1250 PIPs!

That’s a lot of pips to make in a month, if we are not ready to risk more than 2% of out trading account. 너 무슨 소리 야? Does this calculation make sense?

Yes, you are right. 25% is just an example. It is possible to make more or less than that with different trading styles.

Chris But how it is possible then What you reckon ordinary brokers. You recommend some broker Who kept our money safe and Are not termed as money maker. Do you think ECN Broker or any other advice.

True ECN/STP brokers are the ones that you have to go for.

I am abdelghani from Morocco.

i wanna thank you so much for sharing and guiding as with this valuable information.

아주 좋은 기사 크리스! It seemed as though you read my mind and wrote in words about greed. I didn’t realize there is such a thing as “everybody is greedy, but some know how to control it and others don’t know how to control it”. 굉장해! I’ve decided to read all your articles on LuckScout. 고마워요!

Hi Chris, just read your article and liked it. i am totally new to and would like to do this full time since i have a new born baby to support now. plan to start with $3,000us and require 20% profit a month. Any advice for a newbie? thanx in-advance.

Before you open a live account:

At the end of weekdays, which one is better, opening position at the close of a candlestick or at the beginning of opened candlestick? After all, market usually opens price with gaps after weekends. 고마워.

I prefer to take the position before the market close. Strong trade setups are usually followed by agreeable weekend gaps that might not be filled sometimes. So that we cannot enter.

Can u please help me in trading, let me also known the strong setup.

same greed situation with me when I trade I want to make 600% per month.

but i’m in fail because this is not a holy game.

if u control our self u succed in every field of life not only in.

Nice article, very useful..

Regarding to Money Menagement rule of risking 2% per trade,

how many currency pairs you suggesting to trade at once or is this question a symptom of greed in my case?

We follow 24 pairs plus gold.

Do you trade all the 24 pairs plus gold? Or do you just trade the previously mentioned 19 pairs and gold?

Now I have all 24 pairs and gold on my platforms. I trade them if they form a setup.

thanks for your effort.

can u list this 24 pairs? most pairs are correlated…

Thank you for the sharp article that really describe what im going through at the moment. Quick question, in a day how many hours we trade to not over trade?

If you choose to be a day trader, then you have to be at the computer during one of the main sessions (London or NY) which is too hard and tiring.

Hi Chris, thanks for this great article, please just to clarify, re response to Maria’s question, ‘I prefer to take the position before the market close’. My question is do you take positions on the daily and weekly time frames on Fridays when the candlestick has formed if it is a strong trade set up? 감사.

I take my positions on Friday afternoon if I see them on time and before the market close, otherwise I wait till the market open.

I’ve been active here for about 5 weeks. In that time period you and the folks at LuckScout have taught me how to have a life trading.

The major thing is I have slowed down. I am no longer trying to scalp my way to success. I am no longer sitting at the computer for 6-8 hours per day. I am learning how to live life with a business model that allows me to do just that.

I began with learning November 2013. I made a commitment to Josie and myself that I would find a way to add value to our lives by trading.

We don’t have much and never have had. I am 69 and Josie teaches school. My retirement is meager to say the least.

You and LuckScout have put in place for me a trading plan that I know will be successful.

I love The DBB trading plan. I know I can make a good living if I do nothing else other than trade DBB.

At this point I am not sure how to say’ “Thank you” in an appropriate way.

What you are doing here is HUGE! LuckScout is a HUGE, BIG Deal!

In my humble way, Thank you from the very bottom of my soul for showing me the way…The Way!

Thank you for your kind words. Glad to hear you like what you read here.

You have found the right track. Just keep on following it and you will reach your destination soon. You are so close.

Good luck and keep up the good work 🙂

first of all, thank you for your great articles.

Allow me to ask you the following:

Let’s say we have found a trade setup with EUR-USD which has to have a 100 pips stop loss.

Size account = $1,000.

Stop loss value = $20.

Pip value = $20/100 = $0.2.

Lot position = 0.02 =(1 lot x $0.2)/ $10.

Let’s say that we are good enough to make 16-24% per month. Don’t you think that with a lot position of 0.02, the amount of money you can get is very little in order to be able to achieve your $1000 Plan?

I would appreciate very much your answer in order to know if I am wrong or what would you recommend!

천만에요.

If you make a 1:5 R/R trade, then you will make $100 which is 10% of your account. Just two positions like this every month will make 20%.

So it is possible.

thank you for your early reply!

$100 equals to 500 pips. I’m sure that making 500 pips in a single trade is a piece of cake for you and for any good and experienced trader. However, don’t you think that this is not realistic or very hard to achieve for a beginner?

Let me ask you one more question:

When you take a trade, the only thing you know for sure is your Risk, because YOU fix it. The problem is that you never know the Reward.

Is there any way to determine / calculate the potential REWARD in order to know if the trade is worth while?

Thank you for your inestimable support and hope one day all of us who are learning from you could do the same good and help others.

Novice traders can also do it if they learn to take the too strong setups on the long time frames.

It is not possible to predict the reward. You never know how far the price will go even after a too strong setup. It can even hit the stop loss at its initial level. All we can do is that we take the too strong signals and set a proper stop loss. The rest is not under our control, nor we can determine how far the price will move.

Thank you very much for your early reply, Chris!

I am in no hurry to make money, but yes, I want to trade properly as soon as possible.

The basic thing for me is to focus on doing thing well. Doing so, money will come sooner or later (at least to make a living).

I think I am not a greedy person. I don’t pretend to get rich. I just pretend to make a decent living. The most important thing for me is not to be dependent on any job, and to have time for my family.

I like the MONEY I REALLY NEED (food, house, wearing, education, health, transport, taxes) and I don’t worry about the MONEY I DON’T REALLY NEED (caprices). If I have it, fine.

Let’s hope I succeed in Trading !

Good luck George.

I am so impressed with your advise but i am a total novice when it comes to trading and i very desperate want to take part in it as my a full career to make a living. please i need advise from you, I will like to start with $10,000.

I plead to get a response from you and please let me know you location and if it warrants me coming to see you or inviting you to put me through, i will be very grateful to do that.

You can start from here:

Hey, Myself Suraj, I was searching for good plan, and look what i got awesome plan by you sir, I am really impressed with your all articles Sir. You are just awesome, helping every trader with right and usefull articles. I am now big fan of you. Sir, i want some tips from you, i used your plan and put 100% profit per month, as i will surely do it, but what i was thinking is when my account gets into million dollars then is there any broker allowing or is it possible to open order with more than 5k-10k lots. As i have calculated i will have $4 million dollars in first year in end.

Yes, you can still do that. However, later you will have to trade with a bank account.

Sir have you got my message yesterday? I need your help and advice.

This is your first comment here.

Sir, i am really impressed with your articles. i think so my first message got deleted. Sir i have put 100% in your trading plan sheet except 25% per month profit. Sir, in the end of first year it’s 4 million dollars. So sir whats the maximum lot i will be able to use? Sir i opened a demo account of $5 million and the max lot i opened was 19000 lot. so is it possible in live?

It depends on your broker. You have to ask them.

Your other comments are also here:

Your article is really great! I was wondering if I could start with a live account of 100$ and earn 10$ per day? I don’t want to become millionarie overnight, but I need to reach 80-90 thousand bucks within 2016. Do you think it is a realistic goal?

What I suggest you is that you focus on learning first and forget about the profit for now. When you learn how to trade you will know how much profit you will be able to make.

I thanks you alot chris for this information. i had a live account with $105 with leverage 1:1000 i wiped it out in two days. i deposited $90 again and i wiped out in two days march 2015. This article has opened my mind alot i wil now stop been greedy and wait for clear signals for me to enter a trade. i thought i could earn $1000 per day within 3months time with $100 deposit earning a consistent profits daily . i was to be targeting 100pips in EUR/USD and GBP/USD pairs. Am now practising in demo account to see all my mistakes and correct them. Is realistic to earn a $1000 per day profits with $10,000 ivestment please? Advice me.

예, 할 수 있습니다. However, forget about it for now. Just keep on learning and practising on your demo account. Then grow your small account. Money comes when you learn how to trade. Before learning, don’t think about money. Think about learning:

Thanks you alot. I wil do all that so that i can succeed in this career for full time basis. May all your wishes be fulfilled by your Almighty. Amen.

Hey Chris I am worried as too why brokers need your ID / documents . Is it safe giving it to them ?

As you read so many scam articles I am slightly worried investing my 20,000 savings.

Welcome to LuckScout 🙂

By law, brokers have to verify their clients identity before opening an account for them. You don’t have to be worried about that.

Thank you Chris.

Is there any uk brokers you could recommend?

I’m currently thinking plus 500 cm ?

천만에요.

I just wondered, if we really have $1 Million on the account after trading for years wheteher the brokers are afford to pay us, if we suddenly withdraw the $1 Million our money :)?

If the broker is a true ECN/STP, then they don’t care. They can easily pay you because the liquidity providers pay them the profit. If they are market maker, then they will never let you grow your account to one million.

Are Etoro, Oanda and Insta true ECN/STP?

is axitrader ecn broker?

Is it necessary to use leverage to succeed if I trade according to this plan? 고맙습니다!

Leverage helps, but it is not a must.

Okey. But is leverage used in the $1000 plan? I mean are the calculations based on leverage?

$1000 is just an example. The more updated version of this article is here:

This is a great article and the response’s provide much insight…:)

Just by following 1 system like the BB Breakout, it is possible by risking 2-3% per trade to get a such result? 25% per month is quite big, I would be more than happy. Thank you Chris for another valuable article.

Yes, that is possible if you learn to keep your losses small and maximize your profit.

As always down to the point and so true. Thank you Chris. Learning every day.

Nothing for now. We check the charts every day to locate the forming/formed setups.

Is Oanda a market maker? If i am able to make a million dollar profit each month, would i be able to withdraw my profit from this broker or they would take away my profit?

They clearly state that they are market maker. I don’t think they allow you to withdraw $1m every month. I have never heard that.

what is the most amount of money a retail trader can make on a monthly basis from the market without any problems from the broker?

When the broker is a true ECN/STP, then there is no problem with any amount of money.

Can you give me a list of some of the true ECN/STP broker? I am looking to invest. Also do you know at what lot size would create liquidity issue for EUR JPY? I have heard that even with a 200 lot size trade, it would move the market in a adverse way.

Here is the discussion about the ECN/STP brokers:

Regarding the lot size, it is the matter of market conditions and liquidity. Some liquidity providers can handle huge lots sizes under different market conditions. Some of them don’t.

And how can we know who does and who dont? I heard that trade more than 10 lots at time, can turn the market against you. 사실입니까?

우리는 결코 알지 못한다. But when you trade through a good ECN broker that works with strong liquidity providers, you will never have any problems with the lots sizes like 10 lots or even bigger.

I have heard that the biggest account size in Oanda is a 8 figure account size, i am sure with such a big account size, they will regularly withdraw 1 million dollars in profit each month.

Hey i have a system with win ratio around 54 percent but now it has dropped to 50 percent and the risk reward ratio is 1:1.5 is that really profitable in the long term? i have messed around with the system that’s why the win rate has dropped from 54 percent to 50 percent.

Even with R/R ratio of 1:1.5 it can be profitable if you choose the strongest setups and ignore the weak ones. So stop trading for a while and then start from the scratch while you promise yourself not to over-trade and not to take the weak trade setups.

Hey Chris, i have been told that Euro USD and Euro JPY are heavily correlated, which means that in order to diversify the risk of trading, i shouldn’t trade these two currencies at the same time as the movement are nearly the same. Am i right thank you?

They are correlated, but not 100%. If both of them form a too strong trade setup at the same time, you should take the one that looks stronger, not both.

Chris how do you explain everything in this simple way? it looks like you know everybody and all of the problems that each trader can have. It was a great article. Greed is a killer poison. I should take more time to focus on my greed. I should think about it. I should feel it. i have suffered a lot before. i have lost so much and it has made my life so hard and depressing for me. I am gonna fight this greed. i cant kill it but i wont let him control my emotions. i feel i am in some kind of psychological clinic or sth from the day i founded LuckScout. I don’t Really feel i need to learn much more strategies or stuff. But i really think i should learn everyday to control my emotions. I have a long way to go. you and your sits are the best things that has ever happened to me. thank you very much chris.

“if you can’t explain it simply you don’t understand it well enough” – 알버트 아인슈타인.

This is a really cool post, and for a good trader it is achievable. However I think you missed the part that it would get kinda tricky to make 25% as the balance gets higher. Just thinking about a loss alone in a large balance account would make anyone go crazy.

You have to learn how to keep your loss limited and let your profits grow. There are several articles about this on this website. This is one of them:

I just read this article for the second time, wanted to thank you, for me personally its the most important article, my last station before becoming profitable.

The market is so full of temptations, and I just keep win and loose.

My account balance is “ranging” for 8 month, but I think this second read helped to make a commmitment with strong deternination.

It will be really nice to here a few words of building a written trading plan and commit to it, I just did it, hope I did it good.

I wish you all the best, its a true plesure to read anything you wisly write.

I will read and publish your article if possible.

Thank you so much for your commitment.

Hey Chris, think I didn’t fully understand,

you want to write an article about writing a trading plan, or you want me to write a few words about why and how I wrote mine.

anyway, I appreciate your positive feedback.

I thought you had written an article about it. It is a good idea if you do it if you like.

I’ll be honored to do that.

I think I can write a good one.

its ok to do it as a demo trader?

I can share my own experience but I still do not have “certificate” of success.

do I have a green light?

Of course you can do that and I will be more than happy to publish it on the site under your name. Please do it if you feel like that.

Hi Chris, could you please advise how to trade from a country where Fx or Margin trading is banned for Retail or individual trader.

If it is banned, then it will be illegal to trade and you can get into trouble if you do it.

I have been reading your articles i find it very useful for a novice trader like me. Really appreciate you’re GREAT WORK.

Am in the learning process as part of it i am trying to find a right Broker to start with but the on-line reviews of many famous brokers scares me in how People lost their monies and even they couldn’t withdraw their money when they want to.

Could you please Help me on this.

Many Thanks – Elijah.

As far as I know, many of those reviews are posted by losers who don’t know how to trade and like to accuse the others for their own failures.

Please refer to the below thread and ask for other LuckScout users help:

1) Who said making 25% is easy? You have to pass these stages to become able to do it, if you can:

2) No, I didn’t. The above numbers are just examples. There are so many pitfalls on the way of traders. I didn’t talk about them because this article is focused on a different topic. This article wants to make the traders to understand they will get better results if they limit their greed.

You can refer to our archive and see how I have talked about the pitfalls in some other articles in details:

Complete noob question but how many pips or successful trades would make up 25% of $1000? Just an example to illustrate it would be enough for me.

In this article, you are saying that to become rich I don’t need a $100,000 account to start with, instead I can start trading with $1000 and make to big based on 25% growth/month.

But in another blog (luckscout/some - - trading-facts-and-myths-you-must-know/) you are saying someone starting with $1000 is going to be wiped out even if he is a profitable trader.

Can you please explain.

I think you haven’t read these two articles carefully.

If you can make, let’s say, 5% profit every month with a $1000 account, then you will become rich. This is what the first article (above) says.

But in the second article, it says that usually the brokers don’t let you do that, because they place all the small accounts on the market maker system to wipe them out as soon as possible.

So, if (1) you become a consistently profitable trader who makes X percent of profit every month and then (2) you find a broker that doesn’t cheat you, you will become wealthy with a small account, otherwise it is impossible.

fundamental is important wereas technical is useless.

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