50-100% monthly returns

Quote from observer67:

My forex manager manages about $80 million and he has paid profit of +39% for year 2009. In fact, he has been paying average profit of 3% per month for past 9 years.
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must be a nice bloke, guys I know run their own funds..
 
Quote from observer67:

My forex manager manages about $80 million and he has paid profit of +39% for year 2009. In fact, he has been paying average profit of 3% per month for past 9 years.
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Make sure his last name isn't Madoff
 
Quote from fxtradeprodigy:

I, too, am suspicious but he showed me actual statements. Apparently, he withdraws all monthly profits and only keeps $50K for trading capital since it is the amount eligible for broker insolvency insurance he said

Anyway, the other thing I was wondering is wouldn't his broker "make" sure that he loses all his profits after a certain amount of time has passed?

After all, it is the broker's money that he has banked???

He trades with FXCM by the way.
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You may not believe me, but I really believe you. Also, his broker may even be riding piggyback on his trades. Not expecting consensus, expecting bricks on the way, so am now running quickly away to hide in bomb shelter. :D
 
Quote from speres:

must be a nice bloke, guys I know run their own funds..
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Apparently, in the fund business it's even more difficult to "break the matrix" than as a trader. People who make money 10 months out of 12 remain with 50mln under management while 500mln funds may be loosing money every year but keep growing if they are marketed by a big bank.
 
3% a day, is more than possible.

Anyone who can't make 3 winners (and 1 loser) @ 1.5% risk per trade, well. I don't know what to say.
 
Quote from bespoke:

12% per week, 2 years, 10K starting capital will give you 1,314,239,021 dollars. You understand that right?

In five years you could have 62,616,082,677,207,260.

though its really a little less than that cause you probably have to withdraw a billion or so to spend
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Why, when these threads pop up, do we always get these kinds of posts?
 
I don't think that God could make 50% a month *consistently* trading Forex (or anything else). A very good Forex trader (better than me, certainly) might consistently get 10% a month.
 
Quote from achilles28:

3% a day, is more than possible.

Anyone who can't make 3 winners (and 1 loser) @ 1.5% risk per trade, well. I don't know what to say.
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So you can double your money every 5 weeks? BULLSHIT
 
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