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how much do you earn per month trading forex?

  • #21
  • Mar 20, 2016 2:12pm Mar 20, 2016 2:12pm
I want 10% per week. If it is less than 5% I feel like doing something wrong.
Price-Action Extremist
  • #22
  • Apr 20, 2016 10:19am Apr 20, 2016 10:19am
Quoting rosyfx
Really how much you want to earn? Minimum capital base $1000
What I would want on $1000 is 25% or $250 per month.
But reality is really very different. Markets don't give me what I want.
Wanting and doing are two different things. You can set targets but success is uncertain.
When the going gets tough , the tough get going
  • #23
  • Apr 20, 2016 12:47pm Apr 20, 2016 12:47pm
Quoting Stubborn
{quote} What I would want on $1000 is 25% or $250 per month. But reality is really very different. Markets don't give me what I want. Wanting and doing are two different things. You can set targets but success is uncertain.
Exactly. Your Trade explorer rocking . Keep it up.
Patience is best EA in Trading
  • #24
  • Apr 20, 2016 9:41pm Apr 20, 2016 9:41pm
Quoting rosyfx
{quote} Exactly. Your Trade explorer rocking . Keep it up.
Thanks. As for the TE, it is not the right thing to do. The new method is NOT that of any experienced or sensible trader. It is more of a calculated gamble of a newbie or amateur and can blow out or get margin called any day. But till then I will continue.
Good Luck with your trading also.
When the going gets tough , the tough get going
  • #25
  • Apr 22, 2016 3:11pm Apr 22, 2016 3:11pm
Most new traders have completely unrealistic expectations when it comes to percentage of profits.
A lot of people say they want, and they can make 10% plus a month, but the truth is that that's only possible to achieve on a random month, if you take enormous amounts of risk, while it's impossible to do consistently, month after month.
Warren Buffett, who is the richest investor in the world, makes 20% /year at most (which is huge), so you can take that as a realistic profit expectation, if you are a very talented and experienced trader.
Those who say they can make absurd amounts, like 10% / week consistently are obviously lying, because some simple math would tell you that if that was true, they would already be in the Forbes billionaires list...but guess what: they aren't.
Of course the main reason why people aim for such big returns is simply that their account is very small, so they need such profits to make their wins meaningful.
  • #26
  • Apr 22, 2016 11:07pm Apr 22, 2016 11:07pm
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...
​this is wrong... whether you start with 1000, 5000, 1000000, you can play with sl of lets say 30p and play the lot size accordingly, the reward percentage is equivalent to the account size... 6% a month for example double your account regardless... you can still keep the risk to 1% with normal leverage
  • #27
  • Apr 23, 2016 2:42am Apr 23, 2016 2:42am
Today's Factoid:

Statistically, retail brokers in FX treat accounts funded with $2,000 or less as 'dead'.

What does this mean: the sad fact is anyone who has $2,000 or less is statistically unlikely to generate any meaningful profit and is treated as turnover by the broker. I am aware of one very large broker who seldom takes positions to market but simply waits for the account to burn. So to explain in basic terms, literally 100% of accounts funded with less than several thousands the broker simply treats as a cash deposit, and when you place your trade they physically do not even take your position in the market. It is placed 'in theory' so you see screen action but the broker is pretty much pocketing your cash.

While this appears criminally deceptive, all of us accept it in the fine print.

Personally as a test we opened a $100 with a small broker and aimed to double the account balance every day. They closed our account after 11 days.
This does not mean a low balance won't earn, it's just viewed as unlikely by the companies running the game.



-
In life you get 3 types of people, those who can count and those who can't.
  • #28
  • Apr 23, 2016 2:52am Apr 23, 2016 2:52am
I just realised I didn't actually answer the question:

This week we grew our account by 9.1%. Slightly above average week. We typically see a total of 20% a month. Our risk is fixed at 0.25%. Our R:R is anything from 1:1 to maybe 1:8 but usually around the 1:2 range.

To put this in real terms against your $1,000 we risked no more than $2.50 per trade and in a week generated $91 profit.
In life you get 3 types of people, those who can count and those who can't.
  • #29
  • May 1, 2016 11:56pm May 1, 2016 11:56pm
i earned average USD10000-25000 per month... by swing trade... hv been consistent for 5th months now.
  • #30
  • May 4, 2016 7:31am May 4, 2016 7:31am
Quoting hello966
i earned average USD10000-25000 per month... by swing trade... hv been consistent for 5th months now.
This is huge amount dude...! What strategy are you using and how much was the startup capital?
  • #31
  • May 19, 2016 6:49am May 19, 2016 6:49am
Quoting jollypk
{quote} This is huge amount dude...! What strategy are you using and how much was the startup capital?
I just use support and resistance lines... couples with some elliot wave... i hold positions for weeks... starting capital was $10,000.
  • #32
  • Jun 6, 2016 2:01pm Jun 6, 2016 2:01pm
I have a $5000 account and so far this month Ive made about $600.
  • #33
  • Jun 6, 2016 5:31pm Jun 6, 2016 5:31pm
With 1000 usd..... I want get 50% per month. Will not dangerous if you know how to manage money.
Money management is way to successful !
  • #34
  • Feb 17, 2017 3:00am Feb 17, 2017 3:00am
Quoting HedgePiglet
I just realised I didn't actually answer the question: This week we grew our account by 9.1%. Slightly above average week. We typically see a total of 20% a month. Our risk is fixed at 0.25%. Our R:R is anything from 1:1 to maybe 1:8 but usually around the 1:2 range. To put this in real terms against your $1,000 we risked no more than $2.50 per trade and in a week generated $91 profit.
HI HP. I read a few of your threads and I'm very interested in your methodology. I can't believe the way people commented on your thread where you wanted to gauge the market r.e. your system. There's a lot of haters in this game. How can I get in touch with you?
  • #35
  • Feb 20, 2017 9:45pm Feb 20, 2017 9:45pm
I want to earn money that can give me free life so that i can live life without any worry, i can pay my living expenses. That way i can be happy with my trading.
  • #36
  • Feb 20, 2017 11:05pm Feb 20, 2017 11:05pm
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trading GoldH4, EuroH1, and PoundH1 Futures and FX skype:fxtraderpro1
  • #37
  • Feb 20, 2017 11:23pm Feb 20, 2017 11:23pm
for 1000 $ i earned 200 $

and this month i am trying to make 200 $ with 500 $ capital
  • #38
  • Feb 23, 2017 7:05pm Feb 23, 2017 7:05pm
run trading it must have a maximum of science, with the knowledge that the maximum will be obtained per month in income, with that we also with obtaining sought in learning as in the demo account or demo contest in the study well in broker instaforex
  • #39
  • Feb 23, 2017 11:19pm Feb 23, 2017 11:19pm
A real job makes more money.
If anything, get a real job to support your trading habit.
You will be better off than the crack addict.
  • #40
  • Feb 24, 2017 1:05am Feb 24, 2017 1:05am
I haven't earned that much from forex trading as yet but i am really hopeful to earn good bucks in future and that's why i have joined this forum to learn more trading tactics from experienced traders.
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