How Much Balance To Gain $2000 Monthly? | Forex Factory

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How Much Balance To Gain $2000 Monthly?

  • #1
  • First Post: Edited 1:14pm Jul 17, 2016 12:58pm | Edited 1:14pm
Greetings!

I'm a noob and I have a question I can't figure out. So, here I am asking you to enlighten me.

How much one needs in his/her account so as to logically gain $2000 monthly.

Thanks and God bless you all.
  • #2
  • Jul 17, 2016 1:35pm Jul 17, 2016 1:35pm
The sky is yellow!

Your question is irrelevant.

Some can do it with $100 some can do it with $1,000,000.
  • #3
  • Jul 17, 2016 2:54pm Jul 17, 2016 2:54pm
Quoting surekobai
Greetings! I'm a noob and I have a question I can't figure out. So, here I am asking you to enlighten me. How much one needs in his/her account so as to logically gain $2000 monthly. Thanks and God bless you all.
with 1000-2000 and high leverage you can easily trade 10 lot or more and make 10.000 a day so i think you just need 2 or 3 hours to gain 2000,-
(.)(.) think first ...
  • #4
  • Jul 17, 2016 3:15pm Jul 17, 2016 3:15pm
I think U need at least $10,000 Account Size with 1:200 Leverage. Twenty percent profit a month is huge. Very hard to achieve. Think that 10% to 20% per month, that would be over 120% to 240% per year. The best of the best make 20-30% per year, which is very high. Every traders claims that to be making this, and more but no one can prove it via verified statement, which is so hard to achieve, but it is always possible.
fooled by randomness in art
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  • #5
  • Jul 17, 2016 5:01pm Jul 17, 2016 5:01pm
You probably need about $10000 to make $2000 a month.
  • #6
  • Jul 17, 2016 5:34pm Jul 17, 2016 5:34pm
$5000 account balance
1:50 leverage
trade 1 standard lot
profit 10 pips per day
10 pips x 10.00 pip value = $100
20 trading days in a month = $2000

The trick is to profit 10 pips and walk away till the next day.
it is mental game everybody plays.
use the hourly charts, trade at 3am or 7am or 11am or for some reason 2pm. i know nothing about the asian sessions as far as when to trade.
  • #7
  • Jul 18, 2016 1:42am Jul 18, 2016 1:42am
Quoting traderjai_inhi
The sky is yellow! Your question is irrelevant. Some can do it with $100 some can do it with $1,000,000.
And i guess some can't even make much with $ 1,000,000 as forex trading may be easier but earning money with it requires a lot of learning and patience. I better suggest starting with small amount and make regular profits instant of looking for a high jump.
  • #8
  • Jul 18, 2016 4:15am Jul 18, 2016 4:15am
That really depends on your leverage, your lot size and your style of trading. That question really doesn't have only one answer, not to mention that in the end of the day whatever the size of one's account, if one can't profit consistently they won't profit $2000 a month.
  • #9
  • Jul 18, 2016 4:23am Jul 18, 2016 4:23am
Quoting traderjai_inhi
The sky is yellow! Your question is irrelevant. Some can do it with $100 some can do it with $1,000,000.
With $100? Are you kidding me?
  • #10
  • Jul 18, 2016 4:27am Jul 18, 2016 4:27am
Quoting maximumguita
{quote} with 1000-2000 and high leverage you can easily trade 10 lot or more and make 10.000 a day so i think you just need 2 or 3 hours to gain 2000,-
It's not trading. It's gambling.
  • #11
  • Jul 18, 2016 4:31am Jul 18, 2016 4:31am
Quoting 4xGypsy
$5000 account balance 1:50 leverage trade 1 standard lot profit 10 pips per day 10 pips x 10.00 pip value = $100 20 trading days in a month = $2000 The trick is to profit 10 pips and walk away till the next day. it is mental game everybody plays. use the hourly charts, trade at 3am or 7am or 11am or for some reason 2pm. i know nothing about the asian sessions as far as when to trade.
Thank you for your detailed reply.

Would it be different if it's 10.000 instead of 5.000?
  • #12
  • Jul 18, 2016 4:41am Jul 18, 2016 4:41am
Quoting jollypk
{quote} And i guess some can't even make much with $ 1,000,000 as forex trading may be easier but earning money with it requires a lot of learning and patience. I better suggest starting with small amount and make regular profits instant of looking for a high jump.
$2.000 is my long-term target. And yes I am starting with a very small amount (cent account). Thank you.
  • #13
  • Jul 18, 2016 4:48am Jul 18, 2016 4:48am
Quoting mlawson71
That really depends on your leverage, your lot size and your style of trading. That question really doesn't have only one answer, not to mention that in the end of the day whatever the size of one's account, if one can't profit consistently they won't profit $2000 a month.
The question is based on the assumption that there is a system at hand that gives a consistent gain. Thanks for your reply.
  • #14
  • Jul 18, 2016 10:09am Jul 18, 2016 10:09am
Quoting 4xGypsy
$5000 account balance 1:50 leverage trade 1 standard lot profit 10 pips per day 10 pips x 10.00 pip value = $100 20 trading days in a month = $2000 The trick is to profit 10 pips and walk away till the next day. it is mental game everybody plays. use the hourly charts, trade at 3am or 7am or 11am or for some reason 2pm. i know nothing about the asian sessions as far as when to trade.
Great example of money management. Decent deposit with safe risk settings, high timeframe to avoid noise.
  • #15
  • Edited 1:54pm Jul 18, 2016 1:41pm | Edited 1:54pm
Quoting surekobai
{quote} It's not trading. It's gambling.
no, its perfect Entry-Trading with high probability!! Example: spikes!
and hey, you are looking for 2000 thatīs 1 trade a month, wouldnīt you say that you are able to find 1 trade in a month there yo can make 20-25 pips???
(.)(.) think first ...
  • #16
  • Jul 19, 2016 12:42am Jul 19, 2016 12:42am
Quoting maximumguita
{quote} no, its perfect Entry-Trading with high probability!! Example: spikes! and hey, you are looking for 2000 thats 1 trade a month, wouldnt you say that you are able to find 1 trade in a month there yo can make 20-25 pips???
Spikes? OK then, how do we trade spikes? News trading? Or ...? Enlighten me with details, please. And have you done it, consistently? Thank you for your time replying.
  • #17
  • Jul 19, 2016 2:55am Jul 19, 2016 2:55am
Different people trade differently. But if you want consistent profits, you have to trade conservatively. take low risks in every trade (not more than 0.5%). So if you aim for around 1% a day, taking off the inevitable days when you will finish in a loss, you will need a capital of $30k to $50k. With this amount of money and a modest aim of 2k to 3k, you will quite easily make it.

And I am talking from my experience. When I aim to high I fail. Whenever I humble myself and aim modestly, I achieve it. True there are many traders out there who will make the 2k with a capital of a few thousands. But I guess you are seeking for a conservative way to trade.
  • #18
  • Jul 19, 2016 3:05am Jul 19, 2016 3:05am
Quoting 4xGypsy
$5000 account balance 1:50 leverage trade 1 standard lot profit 10 pips per day 10 pips x 10.00 pip value = $100 20 trading days in a month = $2000 The trick is to profit 10 pips and walk away till the next day. it is mental game everybody plays. use the hourly charts, trade at 3am or 7am or 11am or for some reason 2pm. i know nothing about the asian sessions as far as when to trade.
Very true 4XGypsy. that is one of the best way to trade. Have a target and when you achieve it, leave the charts until the next day. There are days when I achieve my target in under an hour. But it is when I start off with losses that I stay longer in the markets.
  • #19
  • Jul 19, 2016 3:24am Jul 19, 2016 3:24am
Quoting johNal
Different people trade differently. But if you want consistent profits, you have to trade conservatively. take low risks in every trade (not more than 0.5%). So if you aim for around 1% a day, taking off the inevitable days when you will finish in a loss, you will need a capital of $30k to $50k. With this amount of money and a modest aim of 2k to 3k, you will quite easily make it. And I am talking from my experience. When I aim to high I fail. Whenever I humble myself and aim modestly, I achieve it. True there are many traders out there who will...
My thinking goes the same way. Thank you for your advice, especially because it's based on experience. GBU with green pips!
  • #20
  • Jul 20, 2016 2:34am Jul 20, 2016 2:34am
yeah one can do it with that much really, with a million or with a hundred but if we are to put into play the percentage, then its a different storry, lets sya we aim to gain 2% monthly then the total would be (A x 0.02) = 2000 => A= 2000/0.02 = 100,000 capital. of course if its a higher percentage then it can be a lower capital, depending on the strategy, the lower the percentage i would say the safer it can be, i hope i got things right, if we are aiming for a 10% a month then your capital should be 20,000 and so on! its very doable actually, not a bad strategy..
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