3 ms·

FX trader here. I do trade daily for the last 18 months, mostly algo, and it IS possible to make profit every single day. Just aim for 0.1% per day and you are

FX trader here. I do trade daily for the last 18 months, mostly algo, and it IS possible to make profit every single day. Just aim for 0.1% per day and you are set for life. You aim for the 0.1% of your capital, so when the market goes against you, you got enough margin to keep the account alive. Anton Kreil has a good video (I will add it later - walking now) that tells the tale how the markets are set up to rip you off/apart. He mentions the 90-90-90 rule. 90% of retail traders lose 90% of their capital every 90 days. I have seen this happening so many times to retail traders who want to get rich in a week that I just stopped talking to other traders because they never learn their lesson. Edit: Anton Kreil's video on how the system is stacked up against 'you'. He of course also sells the 'secret recipe' to win!! https://www.youtube.com/watch?v=hzFl0uDwAQY https://www.youtube.com/watch?v=hzFl0uDwAQY

samfisher83 7y ago
If you could make .1% every on the stock market that would be a return of 29% a year. I am not sure how many hedge funds could get you that kind of return. FX is different and I guess there are differences in terms of trading days, but returning .1% every day would be very hard.
- HenryBemis 7y ago
  I'd say even more than 20% per year, because you aim for 0.1%, but when the market goes against you, you may end up having a max floating -20% but that will close with a 2% profit that day. The Broker will only cheat a little just to push you over the edge. As long as stay far-far away from the edge, you are safe. If you aim for 0.1%, even if they (broker, markets, price action) do their worse, they won't get you past 10% (that's x100 the 0.1% risk:reward you aim for).
IAmGraydon 7y ago
If you really believe that you can make a .1% return every day retail trading leveraged FX, you’re delusional. There’s just no other way to say it.
- HenryBemis 7y ago
  Feel free to call me what you want. One can make $1 out of $1000 per day easily. Waking up this morning I saw $1.57 profit per $1000. It is the greed that busts accounts.. I am not advertising anything. I am merely stating what is working for me and a couple of friends. Btw this is my side-gig. My main profession is related to financial services and IT which I have been serving (both) for the last 20 years, so I have an advantage when it comes to any kind of botting (algo trading).
  - IAmGraydon 7y ago
    No, you can’t do that day after day for any extended period of time. You certainly can’t with algo trading. The spread alone would cost you more than .1%, so you would have to make more than that just to be profitable. In 18 months of trading, what net return have you made?

samfisher83 7y ago

If you could make .1% every on the stock market that would be a return of 29% a year. I am not sure how many hedge funds could get you that kind of return. FX is different and I guess there are differences in terms of trading days, but returning .1% every day would be very hard.

HenryBemis 7y ago
I'd say even more than 20% per year, because you aim for 0.1%, but when the market goes against you, you may end up having a max floating -20% but that will close with a 2% profit that day. The Broker will only cheat a little just to push you over the edge. As long as stay far-far away from the edge, you are safe. If you aim for 0.1%, even if they (broker, markets, price action) do their worse, they won't get you past 10% (that's x100 the 0.1% risk:reward you aim for).

IAmGraydon 7y ago

If you really believe that you can make a .1% return every day retail trading leveraged FX, you’re delusional. There’s just no other way to say it.

HenryBemis 7y ago
Feel free to call me what you want. One can make $1 out of $1000 per day easily. Waking up this morning I saw $1.57 profit per $1000. It is the greed that busts accounts.. I am not advertising anything. I am merely stating what is working for me and a couple of friends. Btw this is my side-gig. My main profession is related to financial services and IT which I have been serving (both) for the last 20 years, so I have an advantage when it comes to any kind of botting (algo trading).
- IAmGraydon 7y ago
  No, you can’t do that day after day for any extended period of time. You certainly can’t with algo trading. The spread alone would cost you more than .1%, so you would have to make more than that just to be profitable. In 18 months of trading, what net return have you made?