QUOTE(Victorng13 @ May 5 2021, 10:40 PM)
No expect 100% profitable or awesome record, understand on 2%-5% nett roi on trader strategies & risk management.. but is reasonable as drawdown more than 20%?
How to assessment on strategies & risk management if continuously few months negative performance?
For genuine trading, we talk about 1 year performance, not by months. This is not get rich quick scheme. FX Trading need times especially when going through drawdown period. Many people have wrong expectation about FX after the fake FX flooded in Malaysia. They think FX trading should be making profits immediately or must be consistently gain every month, no such thing in genuine FX, it's only exist in fake FX.
20-30% drawdown is very normal in FX trading if you are looking for 2-5% returns a month. If you are looking for higher returns, the drawdown can go much higher. Drawdown in FX is very common for trading with leverage. Without drawdown, there will be no profit. There are 2 types of drawdown, either realise loss or floating loss.
I have been in FX for more than 15 years now. Trust me, there is no FX trading without drawdown except FAKE FX. I believe there are many traders here can tell you it is impossible to have no drawdown to generate profits. It is like hoping for every stocks that you buy immediately goes up without fall short.
Set the expectation right, then you are good to go.
Mar 19 2021, 09:32 PM
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