According to my backtesting my strategy should be making 110.626,67$ minus the cost of trading aka spreads and commissions and such with a 40.000$ account and using only 4 pairs however this is over the course of 3 years so there you go.
My strategy is also not the best way you can trade the setup that I am trading however it does take all subjectivity out of trading so it's a trade off.
On a serious note it depends on your skill and risk. Risking $500 on a trade and working with a 40 pip stop you are looking at trading for $10 per pip, if you can make 600 pips in a month, you should make about 6K a month.
depends on how risky you are and what your available leverage is. I traded a 30k account and was able to make six figs. Luck? maybe, but the point is it's possible to make +100% even with that size. As long as you can separate yourself from the thought of money and just focus on the process of trading, you can make as much as you want.
40k - what can you make with 40k account ? how many traders have so good skill for to work with an 40k account ...!
if you havent traded before you can make mistakes realy big mistakes even haveing traded or pretending to have traded like some in here you will still make mistakes .anyone who tells you you can make a certain figure clearly hasnt traded before so discount them for a start .
Risking 2% per trade ($800) and expecting a 2:1 return ($1600) with a 60% win ratio that is an average of $640 per trade.
Averaging 2 trades per day that is $1280 per day.
Trading 20 days a month at 8 hours per day that's $25,600 per month.
Trade the Genesis Matrix System or the THV strategy (make sure to play by the rules set out by Cobra for THV and Real Jumper for Genesis), put in the 8 hours a day, play by the rules and you'll be sweet.
Joined Nov 2016
Status: Junior Member
You can make a lot, lose it all, maybe even lose more than you invested if you trade on margin...The questions you should ask yourself is what style of trading you will use? how much time you have? will you trade forex? futures? both? what are your expectations? how much you are willing to risk? you can go as crazy as buying as bunch of crude oil contracts before energy report and "make it or break it" in hours even minutes and you can go in a much different direction, using longer term strategies with one lots etc.