NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

dawnomike:
It is very much possible but a very risky venture as decisions will be clouded by the goal you aim to reach.
Remember: Emotions and greed are every trader's enemy!!!

Arkmanbuddy:
It's very much possible if you have the adequate Forex skill.

It's all about having weekly targets while you increase your account.

NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

NetValueFX:

I am looking at monthly target as weekly target could trigger unnecessary emotions.
I did the maths and what I need to achieve is 29% profit per month. Compounding it every month.

Arkmanbuddy:



Note what I said: "as you grow your account". The more you grow your account, the more risk you can take. The more risks you take, the more money you make. If you have the skill and don't just depend on any robot to trade for you, it's very possible to even exceed your target.

Bitbibx:
it's all about your R/R risk-to-reward ratio, I will advice you take swing trade mostly 1D timeframe your target can be achieved

Lexusgs430:
This move, would plunge your trading balance to 0........


Well, not unless another game, stops on us..........
.

NetValueFX:

Hahaha... You no try at all. The Yehs have it. Na only u dey for Neh

I will do it to shame your village people

When I am done I will buy 2x lexusgs430 which means buying two of you

Lexusgs430:



You must share your complete portfolio ó......


Nah my Lexus, we go use carry your luggage, back to your village........

NetValueFX:

Actually I trade H4 now. Using D1 would take only for my trades to materialize. I don't go below H4 except when I want to check possible change in trend.
My profit factor is over 6. So, for every one loss 1 have 6 wins

Bitbibx:
ok I understand, what LOT size do you intend using on a standard account

Arkmanbuddy:
It's very much possible if you have the adequate Forex skill.

It's all about having weekly targets while you

---

increase your account.

NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

NetValueFX:

Actually I trade H4 now. Using D1 would take only for my trades to materialize. I don't go below H4 except when I want to check possible change in trend.
My profit factor is over 6. So, for every one loss 1 have 6 wins

Help2020:

For every 1 loss you need to have 6 wins to recover? That's negative risk to reward ratio(R/R).If you have losing streak you may find it difficult to recover

Help2020:

Do you mean $20,00 or naira?
In any case, it's your startup capital that determines that...
Come to my house and trade with me.

Help2020:
Target?this statement only shows that you don't know what forex is.

Aluspecialty:
Well, I will advise that you don't be over ambitious, this is exactly what forex makes you think on paper but in reality, I strongly believe this is a wrong mindset: turning 1000 to 20,000 in 12months.

Remember to update us in 2months from now.

Arkmanbuddy:


I've been trading Forex before you were born. Before you jump into a discussion, understand fully what it's all about.

NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

Update

I have decided to take up the challenge. I just opened an account and funded it. Trading starts tomorrow and is expected to run up until March Next year.
The challenge is to have an account balance that is 20 times the initial deposit by March 2022.

Follow the account via the FXBlue link on my
signature
i will be following you closely and let see how it goes, i promise you if you archive 80% of this challenge we will work on something very huge.
08130174728

Lexusgs430 I will be buying 3 of you soon

NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

Update

I have decided to take up the challenge. I just opened an account and funded it. Trading starts tomorrow and is expected to run up until March Next year.
The challenge is to have an account balance that is 20 times the initial deposit by March 2022.

Follow the account via the FXBlue link on my
signature

Lexusgs430 I will be buying 3 of you soon