How Much Money Can You Make From Forex Trading? Is that huge?
There are many questions about how much money can you make from forex trading? However there is no exact number to answer this question because of many factors involved. Setting the trading income is the hard question because of many factors and considerations. You should know that every trader is different and the fact is many traders also lose their money as well. the reason is that trading is hard and you need to take real effort become success. So, his is also impossible to figure out what the best independent because only few peoples share that information, therefore this is hard to tell the truth as well. however there are several independents of forex trader salary data which is available in the internet as well.
So, how much money can you make from forex trading?
There is no limit when we are talking about how much you can make. Of course, you are able to make million dollars. Anything was possible, and this is also why many people try to learn how to trade as well. Before you start to spend your time in your trading account, this is necessary to know that only few pole who get rich in trading forex, this is difficult and you should become a trading master and discipline to earn significant amount. However, there is a scenario all day long which becomes one of reasons why people get along into forex trading. They might see the possibilities of million dollars as possible thing.
So, here the calculation:
This is better when we are calculating the realistic number to know the potential profit. The first thing that you should note is that use of leverage in your trading is the best way to maximize your profit and risk could be managed in a good way, of course you need discipline. That is the problem because of many people does not have discipline. The great thing is you need to take more risk to earn bigger profit. For example, you have an account at $10000 and you want to earn 2.5% per month with the target goal 30% account per year
Now, you decide that you will take a risk at 1% in your trading account. With this 1% risk which is $100 USD, therefore you will risk that 1% in certain time, and you have a potency to get 30% growth by never risking more than $100 at once. However, there are many numbers that you should calculate based on your win rate and what was the risk to reward ratio as well. So, this scenario can go on forever.
Of course, you are able to higher your risk become 2,5% or $250 to achieve your goal in single trade and meet with your monthly goal by using the risk/ reward ration. If you wonder about how much average income per capita based on US data, then the average income was around $58,714 per capita in 2015.