how much do you earn per month trading forex? | Forex Factory

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how much do you earn per month trading forex?

  • #1
  • First Post: Mar 3, 2016 3:37pm Mar 3, 2016 3:37pm
Really how much you want to earn? Minimum capital base $1000
Patience is best EA in Trading
  • #2
  • Mar 5, 2016 5:58am Mar 5, 2016 5:58am
not much.. But it's enough for me. $1200
Risk comes from not knowing what you're doing.
  • #3
  • Mar 5, 2016 6:13am Mar 5, 2016 6:13am
Quoting rosyfx
Really how much you want to earn? Minimum capital base $1000
How does knowing the answer to this question help you in the long run?
  • #4
  • Mar 5, 2016 1:48pm Mar 5, 2016 1:48pm
Quoting rosyfx
Really how much you want to earn? Minimum capital base $1000
depends..on your risk tolerance

remember you can also earn zero.
practising coitus interruptus
  • #5
  • Mar 6, 2016 4:14am Mar 6, 2016 4:14am
Personally, I'd be pleased with a 10% increase of my account in the end of the month. One can certainly profit more, but that means taking more risks.
  • #6
  • Mar 6, 2016 5:37am Mar 6, 2016 5:37am
-this is the classic trap.
My dream would be 15% pa.
I'd be very happy with 10 % pa.
I expect >5% pa.
...1/12th of that per month I guess... Is that right? there's 12 months in a year right?
  • #7
  • Mar 6, 2016 1:36pm Mar 6, 2016 1:36pm
Quoting BubaYaga
-this is the classic trap. My dream would be 15% pa. I'd be very happy with 10 % pa. I expect >5% pa. ...1/12th of that per month I guess... Is that right? there's 12 months in a year right?
5% p.a is too low however may be okay if your working capital too big. However 5% per month to 10% permonth range should be okay. Yes @mlawson71 quote more profit mean more risks.
Patience is best EA in Trading
  • #8
  • Mar 7, 2016 4:46am Mar 7, 2016 4:46am
I don't have a set goal in mind. Trading is a matter of a convenient opportunity to me - one month I might earn 1% of my account, the next the profit might be 20%, even 50%. It depends on the market and my ability to notice favourable trading conditions.
  • #9
  • Mar 7, 2016 7:16am Mar 7, 2016 7:16am
I don't know what is a realistic aim for me in terms of trading, I have an account balance of $1,200 what kind of monthly return can I get on my investment?
  • #10
  • Mar 7, 2016 7:44am Mar 7, 2016 7:44am
Quoting ForexJamioi
I don't know what is a realistic aim for me in terms of trading, I have an account balance of $1,200 what kind of monthly return can I get on my investment?
Very little. To trade forex comfortably, you should start with at least $5000, anything below that is not worth it in my opinion. With low capital, you either have to go with high leverage which leaves you vulnerable to large losses because each loss is magnified by the margin rate, or you can only trade in what's called microlots llike $1000-size. On a standard lot of $100K, a pip is about $10. On a microlot of $1000-size, a pip is only 10 * (1000 / 100000) = 0.10. $10 pip is $100 on a standard lot but is only $1 on a microlot so you do the math how much would be your monthly return if you trade with $1200 assuming you have all winners and no losses.
Make your losses in demo. Earn your profits live.
  • #11
  • Mar 7, 2016 9:37am Mar 7, 2016 9:37am
Quoting ForexJamioi
I don't know what is a realistic aim for me in terms of trading, I have an account balance of $1,200 what kind of monthly return can I get on my investment?
I dont know what you can expect... what strategy do you use? what money management do you use? what entry rules do you have? What exit rules do you have? What experience do you have? What is your win percentage? What is your draw down percentage? what is your risk reward per trade (on average)

If you have no idea on any one of these, then you can expect your return to be -X% per month. where x represents any number you want to put in there.

Until you have traded for a while, you will not be profitable, you may get lucky and win big in your first trade, but i can guarantee that you will blow your account (or at least blow the winnings)

Why? Because this is a business. No business survives without a plan. On top of that, millionaire traders blow their accounts before making their millions... i only know of a couple who have not lost over 50% of their account..

Invest the 1200 in learning the market, do not expect to make ANYTHING until you fully understand the trading conditions- both the market conditions, and your trading conditions...
  • #12
  • Mar 7, 2016 1:37pm Mar 7, 2016 1:37pm
Quoting rolandW
{quote} I dont know what you can expect... what strategy do you use? what money management do you use? what entry rules do you have? What exit rules do you have? What experience do you have? What is your win percentage? What is your draw down percentage? what is your risk reward per trade (on average) If you have no idea on any one of these, then you can expect your return to be -X% per month. where x represents any number you want to put in there. Until you have traded for a while, you will not be profitable, you may get lucky and win big in your...
Beautiful post. Gz!
  • #13
  • Edited 3:45pm Mar 7, 2016 3:34pm | Edited 3:45pm
---edited...........
Patience is best EA in Trading
  • #14
  • Mar 8, 2016 3:16pm Mar 8, 2016 3:16pm
Quoting Forexia
{quote} Very little. To trade forex comfortably, you should start with at least $5000, anything below that is not worth it in my opinion. With low capital, you either have to go with high leverage which leaves you vulnerable to large losses because each loss is magnified by the margin rate, or you can only trade in what's called microlots llike $1000-size. On a standard lot of $100K, a pip is about $10. On a microlot of $1000-size, a pip is only 10 * (1000 / 100000) = 0.10. $10 pip is $100 on a standard lot but is only $1 on a microlot so you do...
I've never understood what the problem is with high leverage. If you have a small account, just trade smaller positions?
Doesnt matter what your leverage is. If you get stopped out and you risked 2%, then you lose 2% regardless of what your leverage was.

High leverage is a great tool since it allows you to have lots of trades without using much margin, so you can massively amplify buying power with a small account.

2000-5000 is a good starting amount in my opinion.
  • #15
  • Mar 8, 2016 3:18pm Mar 8, 2016 3:18pm
Quoting BubaYaga
-this is the classic trap. My dream would be 15% pa. I'd be very happy with 10 % pa. I expect >5% pa. ...1/12th of that per month I guess... Is that right? there's 12 months in a year right?

You should really aim a bit higher than that man, 5% PA? You get that in a bank or with an ISA...

Read this thread: http://www.forexfactory.com/showthread.php?t=121761
Some of the guys in there were making 20%+ a week.... consistently...
  • #16
  • Mar 9, 2016 1:54am Mar 9, 2016 1:54am
Quoting Revorocks
{quote} You should really aim a bit higher than that man, 5% PA? You get that in a bank or with an ISA... Read this thread: http://www.forexfactory.com/showthread.php?t=121761 Some of the guys in there were making 20%+ a week.... consistently...
>5% pa = greater than 5% pa

I remember getting 5% PA in a bank like 10 to 15 years ago. in a term deposit. And I did, and it was good.

I really should aim a bit higher than that? What is your logic behind this "advise"?

Seriously? You want me to read a thread that is 1840 pages long? Do you really think I care about some fools risking too much and making 20%+ a week. Anyone can make 20%+ for a period of time, but that period of time probably won't be very long. Do you think they're still making 20%+ a week today.

Imagine how much money you could have if you compounded 20%+ weekly? Can you imagine it man?
  • #17
  • Mar 9, 2016 9:00am Mar 9, 2016 9:00am
Looking at percentages over period x is perhaps not the perfect way in approaching things. I make a high percentage gain per week compared to my account but my account is small compared to my net worth. Yes, I use a higher risk per trade than the usually recommended 1-2% but I double my account frequently and then withdraw my gain or parts of it if I want to increase the size of my positions. In case I kill my entire account I would be (of course) a bit upset but in the end I'll let it out in the gym and simply fund a new one using a small part of the winnings I made before.
I'm not saying that approach is perfect but it has some advantages for me.
  • #18
  • Mar 13, 2016 4:03pm Mar 13, 2016 4:03pm
Quoting rosyfx
Really how much you want to earn? Minimum capital base $1000
Started the last Wednesday anew with a base capital of $~4000 last Wednesday.

Ended the week with $~4800 after 2 days of trading. That's around 21% of my base capital in 2 days.

I'm strict with my risk and money management so that I don't wipe out my account and my profits.
  • #19
  • Mar 13, 2016 8:45pm Mar 13, 2016 8:45pm
My minimum target is 25% per month, i am averaging 50%. But this month to date i am only up by 15%. Not much i can do for these past 2 weeks due to my lack of skill.
  • #20
  • Mar 20, 2016 3:36pm Mar 20, 2016 3:36pm
I have an account balance of about $2000 and last month I made $600
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