How much you can make here? | Forex Factory

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How much you can make here?

  • #1
  • First Post: Nov 27, 2017 5:56am Nov 27, 2017 5:56am
There is no Restriction on the amount you can make! You can make a large number of dollars. The sky is the limit which is the reason such huge numbers of individuals attempt to figure out how to exchange. Before you get insane here and begin tossing heaps of money into a trading account. I have to disclose to you that, lone a couple of individuals get rich trading retail forex, it is troublesome, and you should be an ace of trading and teach to make a lot of cash.
  • #2
  • Nov 27, 2017 9:43am Nov 27, 2017 9:43am
The sky is the limit, true, but that unfortunately applies to both profits and losses. And the majority of traders lose money.
  • #3
  • Nov 27, 2017 11:54am Nov 27, 2017 11:54am
Quoting mlawson71
The sky is the limit, true, but that unfortunately applies to both profits and losses. And the majority of traders lose money.
a true optimist would say: you can only lose 100%, but on the upside you can make a lot more than that!
there is always, always another trade!!
  • #4
  • Nov 27, 2017 2:35pm Nov 27, 2017 2:35pm
Well any amount you like. Large or small, There is no limit if you are really good at it. So master it. Don't jump to live so quick. Familiar yourself with it.
Follow your dream
  • #5
  • Nov 27, 2017 9:06pm Nov 27, 2017 9:06pm
The amount a trader makes is very associated with how much he has learned. So the average he makes is tied to his experience.
  • #6
  • Nov 28, 2017 1:58am Nov 28, 2017 1:58am
Quoting mlawson71
The sky is the limit, true, but that unfortunately applies to both profits and losses. And the majority of traders lose money.
That’s really true, a number of Forex traders are losing their money here! But interesting point is, there is no limit! You can earn here unlimited money according to your skill! By the way, expecting an unrealistic profit is not a part of real trading.
  • #7
  • Nov 28, 2017 4:24am Nov 28, 2017 4:24am
I triple my demo account in just a week. The question is, can I do the same in live? My answer is "I don't think so".
Practice Makes Perfect
  • #8
  • Nov 28, 2017 9:02am Nov 28, 2017 9:02am
Quoting profitfarmer
{quote} a true optimist would say: you can only lose 100%, but on the upside you can make a lot more than that!
That is certainly true. Unfortunately I am a "the glass is half empty" kind of person. It's something I am working on, but it's a difficult progress.
  • #9
  • Nov 28, 2017 9:56am Nov 28, 2017 9:56am
Quoting bollahnath
I triple my demo account in just a week. The question is, can I do the same in live? My answer is "I don't think so".
and then the question is: how to approach trading to triple your demo account the way you think it realistically can be repeated on live account.
chances are, probably trade a lot smaller then you had on demo, and will take a lot longer time to achieve the results then on demo.
it may take 1 year instead of one week. do you have the patience for it, and willing to commit the needed time to do?
because live accounts get doubled and tripled too, even with low drawdowns...just not in a week.
there is always, always another trade!!
  • #10
  • Nov 28, 2017 11:15pm Nov 28, 2017 11:15pm
Quoting profitfarmer
{quote} and then the question is: how to approach trading to triple your demo account the way you think it realistically can be repeated on live account..
your winning attitude can lead to greater profits if only you are discipline enough & stick with the plan. really practice makes it perfect but it is very easy to said than done
Practice Makes Perfect
  • #11
  • Nov 29, 2017 10:06am Nov 29, 2017 10:06am
Quoting profitfarmer
{quote} and then the question is: how to approach trading to triple your demo account the way you think it realistically can be repeated on live account. chances are, probably trade a lot smaller then you had on demo, and will take a lot longer time to achieve the results then on demo. it may take 1 year instead of one week. do you have the patience for it, and willing to commit the needed time to do? because live accounts get doubled and tripled too, even with low drawdowns...just not in a week.
True. Big success on a demo account is not a guarantee for a big success on a live account, I know that much from unfortunate personal experience.
  • #12
  • Nov 30, 2017 4:21am Nov 30, 2017 4:21am
how much you can make depends totally on the size of your trade and the percentage of winning trades to losing trades. I suppose that is not the answer you were looking for. In theory the sky is the limit but is it realistic to get 100% winning trades and put huge trades on, I guess it is not realistic. In terms of the size of your trades that depends on your resources and how much you can deposit with your broker, obviously everyone is different and will have amounts of money they can trade with. In terms of winning trades to losing trades on the most basic level you need to be having more than 50% winning trades but unless you are hitting 70% plus you will probably not survive for very long. The goal has to be 80% plus winning trades then to compound your account. If you are able to do this then you could double your account every 3 to 6 months. Starting with 2000 pounds in 6 months that could grow to 4000 or 5000 then to 10,000 in 12 months. I hope this gives some realistic idea of what can be achieved trading seriously very day once you have found a good trading system that works for you.
  • #13
  • Nov 30, 2017 6:13am Nov 30, 2017 6:13am
Quoting mlawson71
{quote} True. Big success on a demo account is not a guarantee for a big success on a live account, I know that much from unfortunate personal experience.
True fact! I know few traders who were successful in their demo but right now, they are struggling with their real trading! I think, live trading is always challenging.
  • #14
  • Nov 30, 2017 10:23am Nov 30, 2017 10:23am
Quoting GeorgeBaile
{quote} True fact! I know few traders who were successful in their demo but right now, they are struggling with their real trading! I think, live trading is always challenging.
I think that applies to most newbie traders who have just moved from a demo to a live account. Whether they stay that way or develop into successful traders depends on their willingness and ability to learn from their mistakes.
  • #15
  • Nov 30, 2017 5:00pm Nov 30, 2017 5:00pm
Paging Mingary to the front desk
  • #16
  • Nov 30, 2017 10:11pm Nov 30, 2017 10:11pm
My primary goal is to make more than the banks are giving us - not to make 100% a day, and, for the last 3 years, I must say, I am doing OK.
I'm trading manual, day-trader (never trading anything except EURUSD and almost never have more than 1 opened order)
  • #17
  • Last Post: Dec 1, 2017 3:26am Dec 1, 2017 3:26am
There are lots of money involved in the Forex Market. The thing is that how much knowledge you will gain and how much time you will spend on Forex to earn a good amount of money.
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