It's been a good year in FOREX. Some of you may recall a rather heated discussion I got in with a trader (who does not trade FX) about how FX traders (according to him) do not make money. The only reason I got a tad aggrivated was because this is not true - and saying so only discourages people who want to get into the FX market.
Now, whether you get in or ARE in or have merely been thinking about getting in, you should always get all of the facts (duh) before making your decision. People around here seem to state that 1 out of 100 fx traders actually make money. I think that's bollocks. I would completely agree that the majority of fx traders lose, for sure. But 1 out of 100 is a bit exaggerated.
I'm posting my year P+L. I'm going to do this at the end of every year, and if you want to ask questions, feel free to do so. This data comes right from my market maker (Oanda) and has not been altered in any way - other than me putting the "...." in for formatting on the forum. I'm just showing you this data because I want to dissuade the comments that FX traders do not make money. Also remember, I am not a full time trader. I have a corporate position for an FMCG company. So if you trade full time, perhaps you'll make more (or lose more, I dunno).
I'm sure there will be trolls, but let them come.
-Ivan
Year 2005:
Month.............Interest...............P/L
January..........-758.04564..........7,182.87
February.........-584.1334............4,045.50
March..............55.81661............7,225.67
April.................658.15653..........11,958.06
May.................1266.79665........7,987.89
June................1557.23349........12,495.54
July..................1,925.07.............5,990.64
August............1656.5888..........8,437.91
September......1107.98316.......10,204.55
October...........921.62723.........13,470.61
November........1,901.61.............14,139.80
December ........0........................0
Total for 2005...9,708.70...........103,139.03
December not finished, so no totals given (and I'm too lazy to do it manually, but it was a good month).
Unrealized P+L as of December 20, 2005: -1,433
20:1
Account size - private
Now, whether you get in or ARE in or have merely been thinking about getting in, you should always get all of the facts (duh) before making your decision. People around here seem to state that 1 out of 100 fx traders actually make money. I think that's bollocks. I would completely agree that the majority of fx traders lose, for sure. But 1 out of 100 is a bit exaggerated.
I'm posting my year P+L. I'm going to do this at the end of every year, and if you want to ask questions, feel free to do so. This data comes right from my market maker (Oanda) and has not been altered in any way - other than me putting the "...." in for formatting on the forum. I'm just showing you this data because I want to dissuade the comments that FX traders do not make money. Also remember, I am not a full time trader. I have a corporate position for an FMCG company. So if you trade full time, perhaps you'll make more (or lose more, I dunno).
I'm sure there will be trolls, but let them come.
-Ivan
Year 2005:
Month.............Interest...............P/L
January..........-758.04564..........7,182.87
February.........-584.1334............4,045.50
March..............55.81661............7,225.67
April.................658.15653..........11,958.06
May.................1266.79665........7,987.89
June................1557.23349........12,495.54
July..................1,925.07.............5,990.64
August............1656.5888..........8,437.91
September......1107.98316.......10,204.55
October...........921.62723.........13,470.61
November........1,901.61.............14,139.80
December ........0........................0
Total for 2005...9,708.70...........103,139.03
December not finished, so no totals given (and I'm too lazy to do it manually, but it was a good month).
Unrealized P+L as of December 20, 2005: -1,433
20:1
Account size - private
