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Realistically how much can I make from forex as a student?

  • #41
  • Oct 26, 2017 1:03pm Oct 26, 2017 1:03pm
Quoting AntiVi
Lets say you have a 20.000$ account
lol I said "small accounts", small means a $1000 investment to me, which you have to split in 10.
  • #42
  • Oct 26, 2017 1:12pm Oct 26, 2017 1:12pm
Quoting AntiVi
{quote} This is probably the dumbest thing I've heard in a while... Never EVER should anybody get close to a margin call. Feel free to let me know where you got those statistics from because I didn't see you link to them nor do I really think this is something that can easily be measured. "there are many examples of traders who made 2000% or more just by placing random orders." Yes, and then you never ever hear from them again because they blew their account and are broke. At least this is what I got from my personal experiences talking to people....

I also can't see how a $20k account can turn into 60k in two years with an average return of 3%/month lol
  • #43
  • Oct 26, 2017 1:24pm Oct 26, 2017 1:24pm
Quoting HeyYou
{quote} remember losers (and I'm one of you)... if you want to grow a small account... don't be afraid to hit mc ! that's part of the business ! here's the equation: big account, small losses. small account, small profits. you will never ever grow a small account by focusing on risk, statistics don't lie. there are many examples of traders who made 2000% or more just by placing random orders. yet I can't remember ONE little "disciplined" trader who made a dime. Michael marcus comes...
If you know how to make money, you can turn a small account into a large one. You can take bigger risks, too.
Ofc you can do random trades and hope for the best.
If you're lucky you can also hit the million.
The question is: how likely is that before you burn everything.
  • #44
  • Oct 26, 2017 1:28pm Oct 26, 2017 1:28pm
Quoting The-Flipper
{quote} If you know how to make money, you can turn a small account into a large one. You can take bigger risks, too. Ofc you can do random trades and hope for the best. If you're lucky you can also hit the million. The question is: how likely is that before you burn everything.
I know you're not an idiot flipper... just don't blame us poor margin callers, we can still trade high risk with an edge.
  • #45
  • Oct 26, 2017 1:31pm Oct 26, 2017 1:31pm
Quoting HeyYou
{quote} lol I said "small accounts", small means a $1000 investment to me, which you have to split in 10.
To me 1.000$ account is just for people who are still getting used to trading live and are still struggling with their psychology. They haven't been able to get to a point where their trading is good enough to warrant the increase of their account balance.
Or to put it simply, they're in a trial stage.


Quoting HeyYou
{quote} I also can't see how a $20k account can turn into 60k in two years with an average return of 3%/month lol
As for this, I said 500$ from your full time job saved so lets do the math since it's quite simple.
Every month it gets compounded plus you add another 500$ every month from the money you are able to save because of your full time job

Start with 20.000$ and add 3% + 500$ every month

  1. 21.100,00 1.100,00
  2. 22.233,00 1.133,00
  3. 23.399,99 1.166,99
  4. 24.601,99 1.202,00
  5. 25.840,05 1.238,06
  6. 27.115,25 1.275,20
  7. 28.428,71 1.313,46
  8. 29.781,57 1.352,86
  9. 31.175,02 1.393,45
  10. 32.610,27 1.435,25
  11. 34.088,58 1.478,31
  12. 35.611,23 1.522,66
  13. 37.179,57 1.568,34
  14. 38.794,96 1.615,39
  15. 40.458,81 1.663,85
  16. 42.172,57 1.713,76
  17. 43.937,75 1.765,18
  18. 45.755,88 1.818,13
  19. 47.628,56 1.872,68
  20. 49.557,41 1.928,86
  21. 51.544,13 1.986,72
  22. 53.590,46 2.046,32
  23. 55.698,17 2.107,71
  24. 57.869,12 2.170,95

There you go! Simple!

I also noticed that you did not state the source of your statistics you mentioned so I guess there really is no source that backs up your claim.

You also replied to another person asking for his live stats because otherwise his statement would not be valid in your eyes (At least I got that vibe from it) so let us ask you.
Where are YOUR live stats? Because according to what you said your statements are only valid if you have a decent public live Forex track record is it not?

  • #46
  • Oct 26, 2017 1:33pm Oct 26, 2017 1:33pm
Quoting HeyYou
{quote} I know you're not an idiot flipper... just don't blame us poor margin callers, we can still trade high risk with an edge.
Ofc you can.
I didn't say otherwise.
  • #47
  • Oct 26, 2017 1:45pm Oct 26, 2017 1:45pm
Quoting AntiVi
I also noticed that you did not state the source of your statistics you mentioned
are you kidding ? they are all losing, >99%.. worse than play the roulette.

about the 60k thing, sorry I didn't read well your post.

Quoting AntiVi
{quote} To me 1.000$ account is just for people who are still getting used to trading live and are still struggling with their psychology. They haven't been able to get to a point where their trading is good enough to warrant the increase of their account balance. Or to put it simply, they're in a trial stage.
BS, $1000 are more than enough to make money, as I said with a good dose of luck
  • #48
  • Oct 26, 2017 1:57pm Oct 26, 2017 1:57pm
Quoting HeyYou
{quote} are you kidding ? they are all losing, >99%.. worse than play the roulette. about the 60k thing, sorry I didn't read well your post. {quote} BS, $1000 are more than enough to make money, as I said with a good dose of luck
You can't rely on luck forever.
  • #49
  • Oct 26, 2017 2:07pm Oct 26, 2017 2:07pm
Quoting AntiVi
{quote} You can't rely on luck forever.
"good dose" means not only luck, however pure luck + good mm is still better than dreaming to make >5% month consistently
  • #50
  • Edited 8:38pm Nov 16, 2017 8:05pm | Edited 8:38pm
Quoting oliverfxldn
I know this is asked constantly literally constantly, but how much could I make of forex as a high school student with a starting capital of about £1000 ($1315). I understand the odds are against me and I'm much more likely lose the money but if not how much could i potentially make? thanks.
All the best player in their field you know today spent years of their life to acquire their skills . Christiano Ronaldo ,Stephen Curry , Serena williams , Tiger woods . The Potential with £1000 you could earn unlimited , millions at least because of leverage , if you know what you doing . You need to put in the time to know what works and not . To know if your trading right or not Measure your trade on pips not $ or £ . Treat your drawndown as your loss . The higher your drawndown , you are likely on the wrong side of the trend .
  • #51
  • Nov 16, 2017 8:10pm Nov 16, 2017 8:10pm
Forget forex trade crypto
  • #52
  • Nov 16, 2017 11:45pm Nov 16, 2017 11:45pm
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Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -2,370
  • #53
  • Nov 17, 2017 12:41am Nov 17, 2017 12:41am
Quoting mohsinali
{image}
You are GRAZY!:-)))
Maadik Hugiis. IQ 69.
  • #54
  • Dec 6, 2017 1:30am Dec 6, 2017 1:30am
Quoting digger1
You could make a small fortune ,,,,,,,,,usually only if you start with a large fortune tho ,,, lets be real here ,,,,,,,,high school,,,,,,,due diligence and very good money management maybe a few bucks for the gas tank to go on a date on the weekend ,,,,,,,reality,,,,, if you can keep from losing what that date will cost each week you will be doing well,,,,,,,start with one pair and learn the little details little nuances ,,each pair just a little different even tho they do the same things ,,,,,,,,,learn support resistance,,,,,,accumulation and...
Good solid advice

manage your lot size. This may be the hardest thing to do But if You keep a balanced head which 95% Of people cant do 95% of the time then you can minimize losses while increasing your account balance gradually
  • #55
  • Dec 6, 2017 2:31am Dec 6, 2017 2:31am
Quoting oliverfxldn
I know this is asked constantly literally constantly, but how much could I make of forex as a high school student with a starting capital of about £1000 ($1315). I understand the odds are against me and I'm much more likely lose the money but if not how much could i potentially make? thanks.
Well from $1000 you could turn it to million of dollar or nothing. The first 1-2 years of your trading are meant for you to learn, only after you have a strong solid foundation in trading then you could go for a live account. I will illustrate how much $1000 could do with 3 type of ROI.

3% ROI monthly

Deposit: $1000

January 2018 - $1030
February 2018- $1060
March 2018- $1090
April 2018- $1121.95
May 2018- $1154.95
June 2018- $1187.95
July 2018 - $1222.75
August 2018- $1258.75
September 2018 - $1294.75
October 2018- $1333.30
November 2018 -$1372.30
December 2018- $1412.05

Balance by the end of year - $1412.05
Profit by the end of year- $412.05
ROI in a year - 41% (If you can do just 10 - 40% per year you could attract millions of dollars of investors money with that sort of consistent return)
----------------------------------------------------------
5% ROI monthly

Deposit: $1000

January 2018 - $1050
February 2018 - $1100
March 2018 - $1155
April 2018 - $1210.75
May 2018 - $1270.75
June 2018 - $1333.25
July 2018 - $1398.25
August 2018 - $1468
September 2018 - $1540.50
October 2018 - $1616.50
November 2018 - $1696.50
December 2018 - $1781.25

Balance by the end of year - $1782.25
Profit by the end of year- $781.25
ROI in a year - 78% (If you can do 5% per month consistently, you have outperform the best of the best hedge funds)
----------------------------------------------------------
10% ROI monthly

Deposit: $1000

January 2018 - $1100
February 2018 - $1210.50
March 2018 -$1333
April 2018 - $1467.50
May 2018 - $1616
June 2018 - $1780.50
July 2018 - $1962
August 2018 - $2163
September 2018 - $2384.50
October 2018 - $2629.50
November 2018 - $2900
December 2018 - $3199.50

Balance by the end of year - $3199.50
Profit by the end of year- $2199.50
ROI in a year - 219.95% (Congratulation If you can do 10% per month consistently you are one of the world's best traders, literally one in a million.)

Choose one of the ROI that you want to be part of your goal reaching million dollar account. Once you have choose it, stick to it, stay consistent and lastly never give up.

"I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance" - Steve Jobs
Follow your dream
  • #56
  • Dec 6, 2017 3:05am Dec 6, 2017 3:05am
You will fail if you start with the monthly profit based mentality now.develop something that makes as little and safe as 100% ROI a year with 30% draw-down. Compound and increase your lot size after every year and within 5years when your are done with university you will have something good to build your life on.
MyCalculation for you
$1,000 x 100% = $2,000 (First Year Trading)
$2,000 x 100% = $4,000 (Second Year Trading)
$4,000 x 100% = $8,000 (Third Year Trading)
$8,000 x 100% = $16,000 (Fourth Year Trading)
$16,000 x 100% = $32,000 (Fifth Year Trading)
  • #57
  • Dec 6, 2017 7:24am Dec 6, 2017 7:24am
Quoting oliverfxldn
I know this is asked constantly literally constantly, but how much could I make of forex as a high school student with a starting capital of about £1000 ($1315). I understand the odds are against me and I'm much more likely lose the money but if not how much could i potentially make? thanks.
Quite and safety trading, I suppose, its 5% per month.
As I know, trading with small deposit is much more difficulty that trade with some bigger sum of money, (e.g. $10k). The main idea is that you can earn more with more amount if you trade more money and you will spend a lot of time for trading with $1k and make your $50.
  • #58
  • Dec 7, 2017 4:25am Dec 7, 2017 4:25am
Quoting Barrg1
{quote} Quite and safety trading, I suppose, its 5% per month. As I know, trading with small deposit is much more difficulty that trade with some bigger sum of money, (e.g. $10k). The main idea is that you can earn more with more amount if you trade more money and you will spend a lot of time for trading with $1k and make your $50.
It all depends on the skills. If a trader doesn't know how to trade, then he'll lose all 10 000 usd, at the same time, an experienced trader can increase the balance several times in a month and earn a lot more with an initial deposit of 1000 usd.
  • #59
  • Dec 7, 2017 4:34am Dec 7, 2017 4:34am
Quoting oliverfxldn
I know this is asked constantly literally constantly, but how much could I make of forex as a high school student with a starting capital of about £1000 ($1315). I understand the odds are against me and I'm much more likely lose the money but if not how much could i potentially make? thanks.
If you are a student, then probably you cant spend all day trading forex. You need to decide what session you will trade and based on this, to understand what currency pairs would be convenient for you. I think that for several hours a day, at the European session, using news fluctuations, risk % no more that 1-2%, you can earn 300 - 400 usd per month with a deposit of 1000 usd, and this will be a good result ...
  • #60
  • Dec 7, 2017 5:34am Dec 7, 2017 5:34am
Quoting Mr.Rain
{quote} If you are a student, then probably you cant spend all day trading forex. You need to decide what session you will trade and based on this, to understand what currency pairs would be convenient for you. I think that for several hours a day, at the European session, using news fluctuations, risk % no more that 1-2%, you can earn 300 - 400 usd per month with a deposit of 1000 usd, and this will be a good result ...
You as saying a student can make 30-40% a month trading part time risking no more than 1 to 2 percent per trade on a 1k account. This is unrealistic!
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