- 18, Jun 2020
- #1
Most novice traders ask the same question: how much you can earn on forex.
Unfortunately, there is no single answer.
Moreover, non-professionals measure income in absolute numbers: I want to earn $ 1,000, and financiers as a percentage of starting capital.
In this regard, paradoxical results are obtained.
Which is better: earn 500 or earn $ 15. At first glance it’s obvious that 500 is much better.
But, if a trader earned 500 USD, having 100,000 in the account, then this is only 0.5%.
And the second trader with a deposit of $ 100 managed to earn 15, which is 15% and significantly exceeds the profitability of a wealthier player.
Here is such arithmetic.
But if you start to understand, then the statistics on the question “how much can you earn on Forex” suggests that the average trader can easily earn up to 30% per annum, which significantly exceeds all existing bank deposit rates.
Of course, individual transactions may show higher returns, others may be unprofitable, but the average result of a trader who has not “leaked” a deposit in the first three months after active trading is 25-30%.
There are, of course, unique cases and unique people who have made multi-million dollar fortunes on Forex.
The well-known financier J. Soros was able to earn in a few days, playing a dollar against a pound of 2 billion dollars.
But he could have lost.
It’s a pure coincidence that the Bank of England turned out to have a little less money than borrowed funds from Soros. Unfortunately, there is no recipe for successful Forex trading, and the market is constantly changing.
Because of this, previously profitable strategies can become unprofitable. But this is all a theory.
If you want to know exactly how much you can earn on Forex, open an account and start trading.
Moreover, non-professionals measure income in absolute numbers: I want to earn $ 1,000, and financiers as a percentage of starting capital.
In this regard, paradoxical results are obtained.
Which is better: earn 500 or earn $ 15. At first glance it’s obvious that 500 is much better.
But, if a trader earned 500 USD, having 100,000 in the account, then this is only 0.5%.
And the second trader with a deposit of $ 100 managed to earn 15, which is 15% and significantly exceeds the profitability of a wealthier player.
Here is such arithmetic.
But if you start to understand, then the statistics on the question “how much can you earn on Forex” suggests that the average trader can easily earn up to 30% per annum, which significantly exceeds all existing bank deposit rates.
Of course, individual transactions may show higher returns, others may be unprofitable, but the average result of a trader who has not “leaked” a deposit in the first three months after active trading is 25-30%.
There are, of course, unique cases and unique people who have made multi-million dollar fortunes on Forex.
The well-known financier J. Soros was able to earn in a few days, playing a dollar against a pound of 2 billion dollars.
But he could have lost.
It’s a pure coincidence that the Bank of England turned out to have a little less money than borrowed funds from Soros. Unfortunately, there is no recipe for successful Forex trading, and the market is constantly changing.
Because of this, previously profitable strategies can become unprofitable. But this is all a theory.
If you want to know exactly how much you can earn on Forex, open an account and start trading.
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