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Forex Discussions
General Forex Discussion
How much does the average forex trader make?
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[QUOTE="JimTatum, post: 126911, member: 40530"] Hi Friends, We cannot determine certain profit for all type of traders. There is a difference between every trader and their strategies. For any new traders they have to do trade in demo account. All the Forex brokers provide demo account for their users. But when you come to live account, the scene is completely different. Initially you play friendly matches in demo account. It does not affect you anymore. You can only learn there. Then you will play International matches in live account. You will feel pressure. It costs you everything. Risk management is the important aspects when you trade in Live account. Decide what is your deposit for Live account. Trade the same deposit amount with demo account also. Because in demo account you can trade with big deposit. But in Live account you can trade only what you have. Avoid high leverage when you are trading. Increasing lot sizes in step by step manner. Trade like a sniper, not a machine gunner. Don't overtrade. Wait and watch like Crane wait for its prey in pond. Because Forex market has high volatility and liquidity. Check each and every strategies in your demo account and decide which one suits you the best. Day trading, Swing trading or Postion trading - You can choose whatever you want. In every trading, there is a strategy. You may choose what kind of profit you expect. Don't feel bad when you miss the trade. You may earn more from the upcoming trades. [INDENT][INDENT][INDENT][INDENT] - Jim @ Wetalktrade[/INDENT][/INDENT][/INDENT][/INDENT] [/QUOTE]
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