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How much do people make trading FOREX

  • #41
  • Sep 4, 2011 2:24am Sep 4, 2011 2:24am
Quoting ChArTiSt777
on a personal level, I wouldn't mind making 20 or 30% per year if I have like $1m in my trading account.
I think it would depend heavily on your style of trading. If you traded middle term, taking several trades a month it would be ok. If you were to trade intraday on a daily basis taking scores of trades monthly, risking 1 or 2% of your capital each time you get it, spending your days trading and then end up with 30-20% yearly profit you wouldn't be that happy regardless of the hight of your capital. Remember that if you had 1 mil engaged in trading you would risk e.g. 10 000 or 20 000 bucks each time you open a position.
  • #42
  • Sep 4, 2011 9:42pm Sep 4, 2011 9:42pm
Quoting Giansar
I think it would depend heavily on your style of trading. If you traded middle term, taking several trades a month it would be ok. If you were to trade intraday on a daily basis taking scores of trades monthly, risking 1 or 2% of your capital each time you get it, spending your days trading and then end up with 30-20% yearly profit you wouldn't be that happy regardless of the hight of your capital. Remember that if you had 1 mil engaged in trading you would risk e.g. 10 000 or 20 000 bucks each time you open a position.
well said, Giansar.
your explanation on work (trading) efficiency makes sense.
I guess someone with a lot of money in his account won't spend too much time in front of the monitor every day. then again, I could be wrong on this.
  • #43
  • Sep 5, 2011 11:01pm Sep 5, 2011 11:01pm
Quoting dsmith2269
I started with 500.00 I'm 3 weeks in and I'm at 2138.67
did u use any system to help u with it?
  • #44
  • Sep 6, 2011 5:58am Sep 6, 2011 5:58am
You can do it with good system. Lets say $1200 is 120 pips full lot. This is 120 pips per week or 24 pips per day. If you trade 4 pairs you need only 6 pips per each pair. If you trade only 2 pairs it is 12 pips each or 2 times 6 pips if you do it in two trades each. If you can do this every day than 120 pips per week is not so big number. With small pips target you can have smaller stop loss and recupe losses more quickly when they occure. I'm doing it for 20 pips per day. Day in and day out and they pay my bills, so I know it is possible.

I'm wishing you all good and green pips.
Oh, and small advice - start wit 0.1 lot, do it for 2 weeks, increas to 0.2 for 3 weeks and so on. After 3 month you will get confortable with your 6 pips and no trouble trading 1 full lot. Also your base investment will increase for at least $1000 and you will be smiling every day!
Frida
  • #45
  • Sep 6, 2011 6:26am Sep 6, 2011 6:26am
The amount you can make from Forex depends on what kind of trader you are and what risks you may be willing to make.
  • #46
  • Sep 10, 2011 7:12am Sep 10, 2011 7:12am
It seems to me that forex is somehow "unfair": you need to have money (in your account) in order to make money.

When you can afford to trade big lots a couple of pips is already enough to make considerable profit.
  • #47
  • Sep 10, 2011 7:53am Sep 10, 2011 7:53am
its always works that but 1st we need huge deposit to make nice profits
  • #48
  • Sep 10, 2011 10:25am Sep 10, 2011 10:25am
Real Results over the last 3 weeks:

In my opinion these suck but at least they will give you an idea.
Attached File(s)
File Type: txt trades.txt   14 KB | 1,916 downloads
  • #49
  • Edited 6:24pm Sep 11, 2011 1:56am | Edited 6:24pm
its more than possible to make good money in forex/cfd's.

However as an example; it has taken me over 3 years of playing in the markets to perfect a time when I earn 6k in 2 days. BUT, its not consistent and you can very easily give it back.

And when you give it back if your unlucky, like I was (my stupidity combined with FXCM fuckup in not cancelling orders) you will have to start again. And when/if you do its better to start with about 10k otherwise you wont really be able to build your acount in a reasonable time frame. Exp permitting. if your a newbie (<2years) start with 2-5k only.

And to the people who mentally masturbate themselves with logic this, that and the other, everyone is different and their trading is different, its what works for you and your budget. The markets are BOTH logical and Illogical!

One of my friends is quite intelligent but has NO experience in the market and has read a handful of articles and basics, and once again logic's it out so much which is great, yet can always tell me (5+ years in the markets) that I am "wrong". laughable but he cant see it.

So my advice is dont try to help these types of people (I have tried and they always in their lack of exp/ignorance, find ways to make you wrong), their ignorance is very frustrating and will bring you down; they have to reinvent the wheel again to get to where experience has brought you, so let them. So long as your experience is not bankrupting you, you will be fine, just start with 2k and trade no more than .1 or .2 lots (risk no more than 5%) and you will be be taught by the best teacher in the world, the markets. unfortunately everyone has to do the screen time to be a good independent trader

Always be learning and Trust yourself!
  • #50
  • Sep 11, 2011 2:09am Sep 11, 2011 2:09am
Hi,

to add my 2 cents, I've been trading FX for over 5 years, and target 50% p.a. Everything has a risk to reward ratio. If you have a good system it should be around 1-3 or 1-4. This is NOT risk $1 to make $4 on a per trade basis, but the ratio of max historical drawdown Vs annual profit. IE historically you have had a max drawdown of say 10% and you should be making 40% p.a. so if you want to make over 300 - 400%p.a expect to lose 100% at some point
  • #51
  • Sep 11, 2011 10:35am Sep 11, 2011 10:35am
Quoting jcdollar
I was wondering because i here people talking about how many pips they brought in 15, 50, 165. I know what a pip is and it comes down to their levarage i.e. 50:1, 200:1 and lot size they trade standarad lot (Lot 1) e.t.c

Im trading with a demo account 50:1 leverage with standard lot 1 and I started with 3,000$

This most this has ever made me wat 392$ which was around 39.8 pips!

Would it be possible to make around 1200$ a week trading forex, taking only 40% of what you make a week for yourself, then putting 60% back into the account to grow...
Do not overleverage. Trade with a % off total equity and you'll be fine. Think about not how much you can win, but how much you can lose. Start very conservative, and if consistent, just slowly increase risk while that total equity % gets bigger and bigger as well.
  • #52
  • Sep 13, 2011 4:25am Sep 13, 2011 4:25am
Forex trading relies on the fact that currencies shift in their relative purchasing power. These movements are due to a number of factors - bond rates, government policies, and the actions of banks buying and selling large amounts of it.
  • #53
  • Sep 13, 2011 5:30am Sep 13, 2011 5:30am
HMM how long is a piece of string how good are you
Larry Williams turned $10K into $1mil in a 12 month period a lot of people know that its a documented fact what people do not realize at one stage the account was $2mil could you handle the drawdown??
You need a system with a proven edge great money management and neves of steel.
Only wish I could do it myself LOL
  • #54
  • Sep 13, 2011 6:15am Sep 13, 2011 6:15am
Had never heard of Larry Williams until you just mentioned him. He really turned that kind of a profit? That's amazing.

I found his website, so I'm going to head over and read that.
  • #55
  • Oct 6, 2012 10:02pm Oct 6, 2012 10:02pm
I do not what to say how much you can make trading forex. Follow my trade explorer until the end of August 2013 and see how much it made or lost.
Fear prevent possibilities, and so does Greed
  • #56
  • Oct 7, 2012 2:36am Oct 7, 2012 2:36am
Quoting Stumpy1
HMM how long is a piece of string how good are you
Larry Williams turned $10K into $1mil in a 12 month period a lot of people know that its a documented fact what people do not realize at one stage the account was $2mil could you handle the drawdown??
You need a system with a proven edge great money management and neves of steel.
Only wish I could do it myself LOL
Larry Williams is a cheat and a lier. This 10 K to 1 Mil was made during the Robbins Cup in 1989. He won.
The thing is that he registered several accounts they all lost except the one he got very lucky with.
This is all currently coming out in a law suit.
  • #57
  • Oct 8, 2012 3:56am Oct 8, 2012 3:56am
Quoting Stumpy1
You need a system with a proven edge great money management and neves of steel.
Agree about the proven edge and nerves of steel; however, to make that kind of return you'd need to use extremely aggressive MM (bigger pos size = bigger wins AND bigger losses), some luck (to avoid a catastrophic losing sequence, due the the risky MM), and a trading frequency that allows for fast compounding.
  • #58
  • Oct 12, 2012 10:26am Oct 12, 2012 10:26am
Hello Here I am new but wanna to open the new thread with signals, I have been said that some vouchers are needed. I don't know what is this and what I have to do to get them? Could give advice?
  • #59
  • Oct 12, 2012 11:40am Oct 12, 2012 11:40am
Quoting kiwitrade
I guess it all comes down to how confident you are - there is absolutely no problem with using max leverage as long as you know what you are doing.

Keep it very simple and you should comfortably be able to 30-40% per week using set and forget trades once a day risking 5%.

Note, that 30-40% is only scalable to a certian point though, as soon as you start talking big numbers pysch steps in an creates all sorts of other problems.

Dont be discouraged and my best advice is to totally switch off to the naysayers....Success is possible,...
I couldn't agree more with this.

Don't mirror yourself on other that state they started with $400 and made $3000-something cause you are not like them. (And on the other hand: you could be making more than them! )

Myself, I keep my goal at 4% on average. I make more than that but if I don't I'm still a happy camper.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #60
  • Oct 12, 2012 7:17pm Oct 12, 2012 7:17pm
Quoting candle779
I have been said that some vouchers are needed. I don't know what is this and what I have to do to get them?
Explained here.
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