mrmikal is right on point. The first consideration a new trader should make is, not how much they can gain but how much they can lose.
1%/day over a year starting with $1000 becomes about $9000. Not bar for a newbie, also not very likely. It happens sometimes but we all pay in the end. Pay with money and pay with time (experience). If we stay at it and learn from our mistakes some of us are around for a 2nd year, 3rd year etc.
If you are truly looking to trade forex, consider all the other factors (technical/fundamental, time frame - scalp vs day-trade vs swing trade, automated vs discretionary. self-directed vs money management) and then developing a trading plan before you worry about how much you can make.
I have done it and I am sure almost all new traders have had that same thought initially at the start.
1%/day over a year starting with $1000 becomes about $9000. Not bar for a newbie, also not very likely. It happens sometimes but we all pay in the end. Pay with money and pay with time (experience). If we stay at it and learn from our mistakes some of us are around for a 2nd year, 3rd year etc.
If you are truly looking to trade forex, consider all the other factors (technical/fundamental, time frame - scalp vs day-trade vs swing trade, automated vs discretionary. self-directed vs money management) and then developing a trading plan before you worry about how much you can make.
I have done it and I am sure almost all new traders have had that same thought initially at the start.