faruk replied

225 weeks ago

This is kind of an odd question but let's have a go at it. How much a traders makes in a day is dependent on the volatility of the asset on the day, whether they are trading the derivatives or spot markets and how much volume they are trading.

yrthrth replied

225 weeks ago

Putting this into context anywhere from $10 to $1m depending. However, a trader can lose just as much in a day. So a better question would be, how much can an FX trader make in a year, net of cost and expenses? FX trading is a business, it requites a lot of capitalization and a positive attitude. Ideally you must not have a job that occupies your mind unless it is a part time investment in which case, your horizon will be a lot bigger and requires less involvement.

fbfg replied

225 weeks ago

If you are a serious about trading FX, you need a sound macro understanding, unlike stocks that can be reduced to simple variable valuation models, FX is more complicated, everything interacts with cash from Bonds, equities to Gold and other Commodities and of course interest rates and money supply factors and that is the half of it not to mention central banker games and speeches. So in a nutshell it is more than just a punt.

yrthrth replied

225 weeks ago

The reason people have piled into FX, is the leverage. In the US the leverage in FX is now 1:50 meaning there is more margin requirement. In Europe for example, the leverage can be as high as 1:1000, this reduces the margin requirements, this low barrier to entry can draw in the unsuspecting to take large trades with hopes of cashing in. If FX trading is done correctly, you will realize that capital growth can have challenges. It really starts to pay off and can be quite easy to make money when you have 100k plus. This way it is possible to earn very easily between $500 - $1000 a day net of cost on the trade. If you trade correctly bearing in mind the short term, medium and long term auction then you can do very well.

faruk replied

225 weeks ago

The big question how many people reading this answer are willing to or have 100k committed to the market? Hardly anyone I imagine. If you do then you won't be asking if it is possible to make money and if you are not making money and you do, then we need a serious conversation.

fbfg replied

225 weeks ago

In any case, education is the key to long term success, all you have to do is look at Michael Marcus's story, Paul Tudor Jones and various other top performers to know, many of us are comfortable and happy traders.

faruk replied

225 weeks ago

Forex trading is probably one of the most profitable sides hustles you can grab today. In fact, if it wasn’t so profitable we wouldn’t be having more than $5 trillion daily traded value. But that’s beside the point. I’m pretty sure you want to find out how much you can expect from about a week or a month of trading Forex.

Well, it’s not that easy to answer the question so let me bring in a story for you.

Meet Nathan. Nathan is a father of two and has a stable job as an accountant in New York. He’s relatively successful and is able to bring in about $100,000 a year as income for his family.



Forex Audit
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