Thread: How much do people make trading FOREX

Originally Posted by ;

Thank you for all the replys, I understand it takes some time, I was just wondering what you could acutally make! I am lucky and also a live home Dad, therefore my time to check at charts and be online is 8hrs day, Im beginning to learn. I've blown through 2 demos when I first started using semi-robots and robots and just trying to trade kindly. So I am learning to exchange! Thank you for the information.

You are only in starting out phase.

Play it safe using appropriate money management.

After a few more years, with lots of experience of winning and loosing, you will slowly realise that you are getting in synchronisation with the markets and making money would be just like that trading the clear setup you see market has set for you personally and you enter and generate income.
Yes if you are really willing and persistent and have self discipline, you would make out a lot of cash out of market.
I'm talking from my own experience.
All the best.

Originally Posted by ;

Couple of hundred of $'s each day on average on a standard lot is average amount of profit a successful forex trader could make.

You may hit a million $'s profit jackpot once in a while more during the hectic period but don't count on it. On some days, you will earn a loss so on average, couple of hundred of $'s each day is everything you can expect.

I concur with .

That is accurate and if you compound 20 to 30% of your profits, at the conclusion of year you would have raised your profit potential nearly 2 to 1 fold with decreased risk on each trade.

I've a trading Income calculator, therefore I try to go off that..Im doing 8% each day. . I ended fri at 2174.00 therefore monday my goal is....180.00 witch is pretty easy to perform for me..It was tough beginning out..But as soon as you get up beyond 2,000 it gets easier..on per 1 month egy at 8% I should be at 8921.00. . .WE will see...

Learn the indiors, stay with demos for quite a while, start little, watch the pips and % never the $$'s. If you do over a couple of months, invest longer and don't risk too much of your account at a time.
It's possible to generate a lot of money in FX. It's possible to eliminate all of it.

Oh and for anyone wondering how to actually calculate income,

quantity of money * rate of inflation/ expansion (done as 1. Xx) ^number of time period unit.

E.g. when I had $1,000, my expansion rate was 20 percent per month and that I wanted to know just how much I'd have in a year it would be

1000*1.2^12

You need to ask how much do people lose with Forex, food for thought.

Originally Posted by ;

you ought to ask how much can people lose with Forex, food for thought.

Good question! That's what newbs should ask in the first place and only try to prevent losing instead of attempting to win. That will shift their thoughts to what it actually takes to be a winner.

It is about managing risk and having an edge.

How much you earn depends on your account size; risk each trade; and how frequently you trade; over the extent of your edge.

There are a lot of variables to give a one-size-fits-all answer.

What others make finally has no bearing on how much YOU will make.

Originally Posted by ;

What others make finally does not have any bearing on how much YOU will make.

I disagree, I believe you have to learn from what others are doing, so if someone always loses, clearly you would not utilize a similar system to them.
For a successful newcomer, You Must learn from the experienced

Originally Posted by ;

For a thriving beginner, you have to learn from the experienced

I concur. At least to begin with, then once you've discovered more about the market and also yourself, you are able to tweak your own trading to match your own trading style and etc..

Originally Posted by ;

quote This can be telling me your story cannot be true. ==gt; do you truly think thatforexforum.co.zarepresents the majority of retail traders? Yes. A lot of hope and half lived half lies and no cash in the long run. (:

If you genuinely thinkforexforum.co.zarepresents the majority of retail traders across the world then I honestly no longer worth your opinion.

When a trader is successful, and by successful I am genuinely successful then they need to be very wealthy (assuming they began with good capital which I understand that this person did) You cannot be a successful trader for 10 years right and be weak. In reality, if you're a successful trader for 10 years straight you cannot be anything aside from very very rich.

That I have no interest in demoning any of it, I'm barely on talking terms with this person. I acknowledge folks like him are few and far between though.

All the best,