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

  • #61
  • Dec 7, 2017 5:53am Dec 7, 2017 5:53am
Oliver, you are at the beggining of your Forex journey, am I right? Here is 3-5 years of a hard work, waiting for you, before you can even start dreaming of some sort of incomes. And if you will still be around after one year, maybe you are on the path. I wish you all the best.
  • #62
  • Edited 8:36am Dec 7, 2017 6:06am | Edited 8:36am
If you are student and only 1000 use the money for something important in your life, as a noobie and part time trader, your odds are not great, you will loose your money allmost 100% probability.
so you will make -1300$ thats your potential earnings.
  • #63
  • Dec 8, 2017 4:27am Dec 8, 2017 4:27am
Quoting EcoTrader
{quote} 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!
Agee! Unreal...
  • #64
  • Dec 8, 2017 8:21am Dec 8, 2017 8:21am
Quoting Barrg1
{quote} Agee! Unreal...
Agreed They wont be able to make that since that assumes they are learned or semi learned trader.

Even if they are patient and disciplined enough to trade demo for a year it will still be difficult since there is significant difference and the psychology of trading can only be learned by live trading and it takes various people different length of time to master.

Furthermore many never master it anyway since there are those who swear by scalping....Which is a very poor and difficult alternative to properly assessing risk and reward and trade boldly based on that.
  • #65
  • Last Post: Dec 15, 2017 4:55am Dec 15, 2017 4:55am
Quoting DonFF
{quote} Agreed They wont be able to make that since that assumes they are learned or semi learned trader. Even if they are patient and disciplined enough to trade demo for a year it will still be difficult since there is significant difference and the psychology of trading can only be learned by live trading and it takes various people different length of time to master. Furthermore many never master it anyway since there are those who swear by scalping....Which is a very poor and difficult alternative to properly assessing risk and reward and trade...
I would say that assessing the situation and correctly calculating the risk is the most important thing that everyone should strive for. And yes, not everyone achieves this skill for the whole trading career. If a beginner can make a large percentage of profits, then this is more an exception and luck. It is very important not to lose the head and learn from mistakes.
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