So TAX is assumed then....

Where do all your forex profits go to?

Well.. at end January it was a really nice bottle of red. At end February it was some new wheels (just the wheels not a whole car unfortunately!), and in March I did not exceed forecast (missed it by 1.7%) so no rewards this month.. I like the ...

Where do all your forex profits go to?

There will be some doubters who respond to your post, but well done on a profitable first month and you deserve to give yourself a pat on the back! If you can return 4% per month consistently over many months and years, then you will be in the top ...

yeeeah, i made 24 pips this month!!!

Hi Brb-Fraudin. You have managed to raise several issues in your post, though the title was specific to target pips per month. You mention: - Having a written plan - Setting a goal - Having a (pips) target - Maintaining discipline Every successful ...

Do you calculate target pips per month??

Be careful with these ratios of gold with S&P 500 and/or DJIA. It can be argued based on historical data that Gold and S&P track each other during times of 'market uncertainty' (whatever that means), but of course that might not be 'normal (whatever ...

gains on S&P - gold ratio

Reflection for this week: The tremendous value of record keeping and documentation This post was inspired by a recent question elsewhere the rookie forum - the poster was an absolute novice and wanted some basic tips. For the absolute novice I could ...

Some lessons from the real world

A boring response, sorry: 30-50% of monthly profits are re-invested - some stay in the account to grow capital and then also other investments. The rest comes out as income - for all the usual stuff; living, family, etc.. If I have a better than ...

Where do all your forex profits go to?

I will just offer you one piece of advice: DOCUMENT EVERYTHING!! - If you have a theory on something that might work - document it (then test it) - If you learn that something you thought would work, does not for you, document it and the reasons why ...

What is the key to sucessful FOREX trading?

Are your targets contributing to your success or to your downfall? I have attempted to address this issue in the following post. url All the best.

What Is A Reasonable Daily Target?

No harm in asking the question, but the sort of thinking and analysis you now apply to that question (not to mention the answer you come up with) might just be a good indicator of whether you are 'right' for the business of trading.

I'm beginning to think that...

Thanks for your contribution. There is an interesting assumption built into in your post; when you work out what that is (if you haven't already) you may very well be in for one of those "aha" moments in your trading journey. All the best.

Some lessons from the real world

Our realities are different - you might find mine an interestring read as some of your current statements on trading are mentioned in my thread in one way or another: url I'm am not suggesting you are "wrong" (if that is the case you will work out ...

The only thing I have learn

Hello Trad3r - please don't take any of my statements in this post as being arrogant, because that is not my intention, but your first post seems quite indicative of someone who has been trading for about 1 year.. probably some useful realisations ...

The only thing I have learn

Symptom or root cause??? — Sometimes when traders discuss a problem with "psychology" (eg "I keep making the same mistakes..") they focus too much on the symptom and not the root cause. In discussions with many traders, and also in learning ...

Psychology in trading

No - LVG is right! You definitely need 2. One (only) for trading, and the other one for your MBW - 'meaningless busy work'

Show us your workstation!

What is the capability of your method? — The simple answer to the original question is that if you understand the capability of your method/system, then you will have the answer as to where the take profit and stop loss points should be. This ...

Let your profits run...

Hi Cyberfx - Post #45 responds to this request. Cheers.

Some lessons from the real world

OK - fair enough: See realities #1-#11 in the first post of my thread. This describes the some of the major errors I made and some things I did to correct these situations, both in terms of practical activity and also basic realisations. That is the ...

Some lessons from the real world

Thumbs up from me.. — Hello Jerry and all at MAX and Co. I completed the MAX Lite course earlier this year as a complimentary method to my existing 'trading business' and not only was I very impressed with the contents of the course and how it ...

MAX Trading System

Hi Jerry, I saw the thread in the commercial section and was glad to be able to provide an unbiased review from the perspective of someone who has actually done the course! I am a big fan of the MAX Lite course - you are WAY ahead of most others out ...

Some lessons from the real world