Many newcomers who come to the foreign exchange market wonder how much you can earn on Forex? People often misunderstand the essence of a currency trader's activity and assume that this activity is similar to ordinary wage labour, where the employee receives a certain salary monthly
Of course, the question "How much
can you earn on Forex per month?" is impossible to answer, naming a
certain amount in dollars or the national currency. With a certain degree of
approximation, we can only talk about the interest on which the trader can, on
average, increase his deposit monthly.
So, how much can you really earn on Forex? According to statistics, successful traders (i.e. those who consistently receive income from trading in the foreign exchange market - for most of them, this type of income is the main one), on average, can increase their deposit by 5-15% each month. These figures are very approximate. It should also be taken into account that such statistics are obtained when we consider longer periods of time (e.g. six months, a year, a couple of years, etc.). That is, any, the most experienced and successful trader, is unlikely to be able to "make" the declared 5-15% profit
every month. Most likely, in some months, its profits will be even
greater; however, in some other months, there will be no profit at all, or
there will be a loss on his trading account. However, if we summarize the
result over a longer trading period, we will see that, on average, the
financial results of such a trader fit into the above framework.
In this regard, the answer to the
question of how much you can earn on Forex most directly depends on the size of
your trading capital (and, of course, on your ability to conduct profitable
trade). If you have only $100-$200, you are unlikely to ever make millions out
of them. However, if you know how to profit in the foreign exchange market, you
still have a real chance to get rich.
Thanks to the development of information
technology, transferring funds to trust has now become more simple and safe
than ever. This is most convenient to implement it through the so-called
"PAMM accounts." We will not elaborate on this investment tool (we
assume that you have probably heard about it many times). Note only a couple of
Forex brokers, which have a system of PAMMs, in our opinion, developed at
the highest level: Alpari and RoboForex. If you want to
try yourself as a managing trader on Forex or, on the contrary, invest money in
someone's trading in the foreign exchange market, these organizations are
likely to be the best choice for you.
By
taking into account investors' funds, you can continue to trade in the same way
as you did in your own trading account. However, your 5-15% profit is now
formed not only from your $100-$200 but from all the capital that investors
have entrusted to you. Thus, the answer to the question of how much per month
can be earned on Forex becomes much more attractive, especially considering
that the number of investments in a single PAMM account sometimes reach several
million dollars (admittedly, we are, of course, about PAMM accounts of the most
successful traders trading on Forex for years and consistently showing
satisfactory financial results).
 |
| Source|google |
Even if you
manage to attract investors with a total deposit of only $20,000 to your PAMM,
it will already allow you to earn money on Forex for food. $20 thousand of
investments is a very real figure for a trader who, for several months,
consistently conducts profitable trading and, at the same time, does not exceed
the acceptable level of risk (i.e. observes the rules of money management). How
much can you really earn per month on Forex, operating this amount? Take the
above statistics: 5-15% (i.e., on average, 10%) profit monthly. This profit is
divided between the trader (you) and investors. Usually, the trader's
remuneration is 30%-50% of the amount of profit. That is, of these 2 thousand
dollars, your share of profit will be $600-$1000. This amount is quite
realistic to earn for a month on Forex, working with such a relatively small
investment amount. If you continue to trade steadily for a year, a year and a
half and beyond, then you have every reason to expect much more capital inflows
into your PAMM account. Accordingly, your profit may be an order of magnitude
higher.
