Is it possible for a professional Forex trader to earn 20% a month?

I have been talking with a professional forex trader and he says he has been trading for 25 years and he can manage an account for me that earns between 1-3% a day for around 20% a month. Can experienced traders really make this much on large accounts?

20% or more DAY is possible, but you can lose just as quickly.

absolutely. in reality about 2% actually do this tho. I suggest you demand to see some prior trading account statemnets from this fellow before giving him money. if he's for real he will gladly produce proof and references.

Yes it is possible. I wouldn't count on it every month but a Forex trader that knows what he or she is doing can generate that kind of return. Keep in mind that a managed account will usually cost you around 30% of the profits still giving you a net of about 13%.

Also be aware that although a professional will charge you 30% of the profits they will not share the risk of any losses to your account that they nay cause.

No.

At that rate he would be a billionaire after 25 years.

One of my friend can earn 600% two weeks so it may quiet easy to earn 20% a month .But it has under the risk,so you should learn or practice before you trade.
You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com
If you have any question you can contact me by E-mail:
marketiva-cn@hotmail.com

It is possible to make even 100% in this market, but it is consistency that matters. An informed and wise trader will not claim what he can make in the future for past performances are are no guarantee for future returns. The wise in this field are those who know when to trade, when not to trade, and when to stop and take profits.

The Forex market is the most volatile market in the world. If market psychology changes, you can see 300-400 points swing in minutes. Last week, the Yen appreciated by 936 points against the pound. In Feb, a similar activity led to pound falling against yen for about 2000 points.

Consistency is the key!

Yes, it is defiantly possible to earn 20% or more a month. Of course, you can lose just as much. From what I know a good trader can usually win 70% of their trades, and the percentage a month depends on their trading style, and how much leverage they are using. Some signal sites like http://www.easyforexsignals.info or http://myforexsignals.info claim they make 20% or more each month.