How much can you earn on Forex?
There are many legends on the Internet about huge earnings on the currency exchange; novice traders are always interested in the question - how much do they earn on Forex?
The answer here depends on many components; first of all, the size of the initial capital plays a role, but if you wish, you can consider a similar aspect taking into account relative values.
It is impossible to say unambiguously how much one earns on the Forex exchange; the amount of earnings ranges from 5% to 1000% per month, it all depends on what trading strategy is used for trading.
Most professional traders conduct safe trading, earning only 5% per month of the amount invested, which at first glance does not seem like much, but if the deposit size is $1 million, then the profit no longer looks ridiculous.
The absolute record for profitability for the year belongs to Larry Williams; he increased his initial deposit from $10,000 to $1,400,000 or 14,000%, that is, the amount of initial capital increased exactly 140 times in 12 months.
Assessing this result, a reasonable question immediately arises: which trading strategy did he use?
Clearly, scalping and quickly earning such a sum using less risky strategies are simply unrealistic. Furthermore, he constantly increased his trading volumes due to the profits he received.
After nine months of trading, Larry's account had already reached 2 million, but a series of unsuccessful trades resulted in a drawdown that reduced the account balance to 900,000. In the remaining couple of months before the end of the year, Larry was still unable to return to the 2 million mark.
But such earnings are often the exception rather than the rule; in reality, most traders earn between 50 and 300 percent per annum. This is where the large deposit rule comes into play.
How much can you earn on the Forex market without having a lot of capital?
I often hear beginners say, "I'll start trading Forex when I have a few thousand dollars." In this case, two scenarios exist: either you'll never make any money, or you'll lose your money in a matter of days due to a complete lack of experience.
You can't even imagine how much people can earn on Forex from scratch. Who said you have to have your own money to trade?
I know traders who use only investor funds in their trading, with investment amounts reaching several hundred thousand dollars, while making a stable 30% per month.
True, part of the profit received has to be given to investors, but even if we roughly estimate the average monthly income - 300,000 x 30/100 = 90,000, half of this amount goes to the investor, but the trader also earns 45 thousand per month.
Making money on Forex doesn't require large sums of money, but trading skill. Learning to trade requires two things: knowledge and practical experience. So, value your time and start trading, even if you only have a few hundred rubles in your account. Over the years, you'll develop a feel for the market, and then your moment of glory will come.
And with good account statistics, finding investors is really easy; people with money literally line up, and who knows, maybe you too will be able to earn your first million on Forex in just a year.
The topic of attracting investments for stock trading is covered in more detail in the section - http://time-forex.com/pamm
In fact, the amount of money you can earn on Forex is limited only by your imagination. It's perhaps the only place where you can earn huge amounts of money working alone, without setting up a company or hiring assistants.
Moreover, how much you earn also depends only on you, on your knowledge and skills, and a little bit on luck.
In conclusion, I'd like to say that anyone can make money on Forex, and it's not necessary to focus solely on classic trading.
Many investors use specialized advisors or signals from trading platforms to earn money. This significantly reduces the time spent on learning and makes it a little easier to make a profit.
