Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
General Forex Discussion
How much does the average forex trader make?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="PaladinFX, post: 36194, member: 18784"] Yep, the majority of non-professional traders don't generate regular profits but rather handle dwindling accounts. There is the (in)famous figure of 95% of retail traders losing money circulating around the interweb ... nobody seems to know on what data that figure is based, but personally, I believe it to be fairly accurate. There are two reasons for this overwhelming majority, in my opinion: 1. Many new 'traders' (and I use that term with a shake of the head) don't even bother learning the basics, but spend time and money looking for automated [i]'Get-rich-quickly Schemes'[/i], i.e. EAs which promise five-figure monthly incomes without any effort. 2. Those who approach forex trading seriously and learn about market conditions, analysis methods, and money management often don't have the financial means necessary to open an account which will grant them even a modest monthly income. Hence they start forgetting about the 2%-Rule and other essentials, overtrade ... and blow their accounts. It is well and good to start trading with a very small account, even trading nano lots, for a beginner; but one cannot expect to make a living from forex trading with an account balance of a thousand bucks ... or ten thousand, for that matter. So instead of being patient and letting compounding work for them for a few years, they want it all, and want it NOW ... that simply won't fly. I agree with what [i]Enivid[/i] said in one of the first posts in this thread: Don't even dream of quitting your day job with anything less than a million bucks to your name. This doesn't mean funding a trading account with a mill. It means having sufficient funds, invested smartly in various fields, and being able to furnish a trading account with something in the region of 200k. An experienced trader can average a monthly return of 5-10% (depending on various conditions), which will generate 10-20k per month ... you won't get rich with that, but it surely affords a comfortable lifestyle, adding revenue from your other investments. It also ensures that you have a buffer for those months in which you manage to break even only, or even suffer a drawdown ... and those months will surely come, no matter how good a trader you are. Cheers, P. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…