I was just wondering how much the average full-time forex trader makes. You can express this amount either as a percent return on their investment, or a dollar amount. I realize that there is likely swings in their return, but I just mean on average over the course of the year.
What kind of initial deposit is required to successfully trade full-time and make a decent living at it? The reason I ask is because I will be done college at the end of this month, and I would really prefer to trade forex full-time rather than get a regular office job if it is at all feasible.
I've been trading forex in a demo account for over 2 months now and I've had relatively good results. I plan on spending at least the summer honing my forex skills, but I was hoping I could make this a viable alternative to the average mind-numbing desk job some day. Well according to my point of view your two month demo practice is nothing You need more experience Take your time , Do any Job and meanwhile learn also in your free time Forex is not so easy as you are thinking It's a deadly dangerous business Just two months practice will never truns you out to be a full time successfull forex trader Then answer is its experience If a trader is with excellent experience not less than 2-Year's than he can make good Pip's Also no system in a world is perfect Its just your Brain Yeah, I should have mentioned that I'm going to university for 2 more years and I will spend that spare time experimenting, reading, and breathing forex to learn as much as I can about it.
I'm just curious if I stand any chance at being able to trade full-time in the future, or if I should just keep it as a hobby, or alternative investment to the stock market.
Can you make a lot of money very quickly? Yes, if you trade using some good sound principles. Get a good method, have good money management and your half way there.
If your serious about trading full time in the future, then don't consider it a hobby because your probably less likely to make money that way. I know 3 people who trade. I've had some pretty good gains only to give the money back with a few horrible trades. This will be excellent for you If you spend more and more time while practicing on demo Im Optimistic About you that you will trun out to be an excellent forex trader after your hard practice of two year's I disagree to a certain extent.
He needs to spend more and more time doing the REAL thing. You did 2 months, that's enough, now it's time to add money into your trading account of choice, start small and use real coin. Take up a 1st and 2nd job, hopefully one that pays pretty well so you can afford to add siginifacant amounts of money into your account over time. I'm personally going to start trading seriously again at the 5, mark. At some point when you get good, you really want it to be worth your time That's the 2nd reason to start really small, so it won't hurt as much as losing 5k - 10k initiallly.
Hahahaha Hey Forex Kid this is why Aggresive people like you blow out there account Never consider experience as a waste of time D There is no comparison of!!! Id say the average forex trader does not make money. I have been reading a lot of posts and just hiding in the shadows. But it seems that most people dont even try to learn more about the markets, or even read about 'mental fortitude'.
I think with proper money management and a good system that you know well, and the pair you are trading well Use a bit more leverage and try to make bigger gains on patterns you have seen before and know are usually going to go in your favor.
Dont forget bigger losses though! It is very possible that most wouldbe traders end up quitting out of frustration and generally not having the work handed to them on a silver platter, but it's important for you to remember That's the path they choose To the guy who responded to my previous statement - I don't hold forum arguments with kids - there are better things to do with my time.
All i can say to the poster is do your research and prepare yourself, as i tell all other newbies, to study VERY hard How many pips can you make a day? If you can make just 15 pips a day, you can be rich beyond your wildest dreams. Run this through your calculator: Your trading account will very quickly grow to over a million dollars.
I'm all for playing the spreadsheet "what if" game, but this one just doesn't work out. You can't increase your lot size after every trade or anything I increased lot size in increments of 0. That takes 68 days. Wow, I used to have this cool dream of becoming the unquestioned supreme leader of the world, everybody would be my unquestioned slaves and beautiful girls would all be mine, and I'd be delightfully evil. But somehow my dream never came true. So I recently decided to become a Forex Trader.
Who knows if I am successfull and very rich maybe I can make my evil dream finally come true It doesn't really matter though, you are still only risking the same amount on each trade no matter what.
I would suggest any trader use mini lots regardless of account size, it gives you better control over your risk management. I'd just like to know if anyone knows if the brokers would have any problems with that?
I mean would they have limits? How much does the average forex trader make? Hello everyone, I was just wondering how much the average full-time forex trader makes. Finally, is there a large difference in return between day-traders and swing-traders? Thanks for the input! Find your weak areas and weed them out.
Basically, you can succeed only if you want to. I made that choice to suceed and you can to. Can you average 15 pips a day is the question? Wow, I used to have this cool dream of becoming the unquestioned supreme leader of the world, everybody would be my unquestioned slaves and beautiful girls would all be mine, and I'd be delightfully evil But somehow my dream never came true So I recently decided to become a Forex Trader. Here is how it should be calculated.
Isn't one mini lot considered 0. Assuming you're using Unless I'm using the wrong numbers Depends on which broker you use. I use GFT and they doMore...