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?
It is clear that scalping , quickly earning a similar amount using less risky strategies is simply not realistic. In addition, he constantly increased the volume of transactions due to the profits received.
After nine months of trading, Larry's account had already reached 2 million, but as a result of a series of unsuccessful trades, a drawdown occurred, which reduced the amount in the account to 900 thousand. In the remaining couple of months before the end of the year, Lari failed to return to the 2 million mark.
But this amount of earnings is often an exception to the rule; in fact, most traders have earnings from 50 to 300 percent per annum. This is where the large deposit rule comes into force.
How much do you earn on the Forex exchange without having a lot of capital?
I often hear this statement from beginners: I will start trading Forex when I have a few thousand dollars. In this case, there are two scenarios - either you will never start earning money or you will lose your money in a few days due to a complete lack of experience.
You can’t even imagine how much you earn on Forex literally from scratch. Who said that you need to have your own money to trade?
I know traders who use only investor funds in trading; the investment amount reaches 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.
In order to make money on Forex, you do not need a lot of money, but the ability to trade; in order to learn trading you need two things - knowledge and practical experience. Therefore, value your time and start working, even if you only have a few hundred rubles in your account. Years will pass and you will learn to feel the market, then your finest hour will come.
And having good account statistics, it’s really easy to find investors, people with money literally stand in line and who knows, maybe you’ll be able to earn your first million on Forex in just a year.
The topic of attracting investments for exchange trading is discussed in more detail in the section - http://time-forex.com/pamm
In fact, the amount of earnings on Forex is limited only by your imagination; this is perhaps the only place where you can get huge money working alone, without creating companies or hiring assistants.
At the same time, how much you earn also depends only on you, on your knowledge and skills, and a little on luck.
In conclusion, I would like to say that everyone can make money on Forex, and it is not at all necessary to focus only on classic trading.
Many investors use special advisors or signals from a trading platform to make money, thanks to this the time spent on studying is significantly reduced and making a profit becomes a little easier.