if you could do that for a year straight, yes. however, pips and % are two totally different animals. pips are fairly insignificant, position size makes them irrelevent.

Forex Profit... Im sorry but... (10% per month?)

LOL sorry man i thought you were talking about per month, since this thread is about 10% per month, and you made the comparison with the bond. oops! ah i see now duh!! 10% is still a junk bond though

Forex Profit... Im sorry but... (10% per month?)

brilliant! now i have a word for it! this Dunning-Kruger effect is rampant in trading!!

Forex Profit... Im sorry but... (10% per month?)

whoever this "guru" is, you should probably listen to him, because he is showing quite a bit of wisdom with these statments. one way i can quickly determine a trader's experience is by looking at their expectations. novice traders tend to have ...

Forex Profit... Im sorry but... (10% per month?)

amen

Forex Profit... Im sorry but... (10% per month?)

i agree with this. a year long run of 10% months is an incredible feat, and takes some luck. there are plenty of public trading records out there, if this were easily achievable we would see it all over. but show me a single public trading record of ...

Forex Profit... Im sorry but... (10% per month?)

12% per month on a bond? LOL. you'd be lucky to get 12% per year on a bond, and even then, it would be a junk bond that does carry significant risk.

Forex Profit... Im sorry but... (10% per month?)

ok forget multi-billion dollar hedgefunds then. but we can still compare the results to the CTA's (trading only a few 100K) at autumngold.com.

Forex Profit... Im sorry but... (10% per month?)

here is a direct way to answer this question.... calculate the annual gain of 10% monthly. then compare that to the best hedgefunds. is it possible? of course. likely? hmmm...

Forex Profit... Im sorry but... (10% per month?)

hey Qu|cksilver, i deleted the poll from this thread, as requested

Cable Update (GBPUSD)

i can remember this like yesterday.... i stumbled across this website called Forex Factory, and i havent lost a trade since!!

Knowledge is Power

the win % should definetely be higher. you should keep plugging in values until it predicts the past with 90% accuracy:

Is this a satisfatory setup?

thanks for the update BK. for a while we were linking your chart threads to the calendar events. we are still linking the ones that have been updated recently, and when you get back into the swing of things we will link them all. just telling you ...

Historic Charts of Economic Releases

thanks for setting the record straight with this excellent post, dave. i saw the mistake posted but didnt have the energy to correct it LOL. now im glad i didnt, because you laid it out better than i could have ever done!

Is trading Forex immoral??

taken to the extreme, yes. but murder is illegal. the commodity markets are legal, thriving and growing. and in a global world, the currency markets in particular are becomingly increasingly important. if it was immoral, that would not be the case. ...

Is trading Forex immoral??

i beg to differ. i know i will continue to make money trading, just like most professionals do. good traders know this and have built adaptability into their approach

Is trading Forex immoral??

not what im saying at all. im saying trading is a long term affair, not a one-bet ordeal. so "trading" is not gambling. just like running a casino is not gambling. both are making a series of bets with the odds in their favor. btw, when i say ...

Is trading Forex immoral??

and would a trader make that bet? of course not so we all agree, each bet is considered a gamble, no matter if made by trader or casino. but over time, it is not a gamble...its a business. traders and casinos play over long periods of time, not a ...

Is trading Forex immoral??

true...but looking at the next 100 trades, the outcome becomes more certain. which is not gambling. also, by your interpretation, casinos would be considered gamblers, and clearly they are not:

Is trading Forex immoral??

yes, it can. to really understand the commodity trader's purpose in the world, you must have an understanding for the history of the market. a good book to read on the subject is Wheels of Fortune. this book is every bit as important as a money ...

Is trading Forex immoral??