Setting a realistic trading profit goal is a difficult question to answer as there are many factors. Each trader is different and the reality is that most traders lose money. The reason is that trading is tough and requires real effort and training to be successful.
It is impossible to find out what independent traders are making. Few people share that information. People who either tell the truth or don’t. Let’s start by looking at independent forex trader salary disclosure data available on the internet.
Let’s start by looking at independent forex trader salary disclosure data available on the internet.
This Professional Forex Trader Income is not a retail trader working from home.
Forex trader jobs are hard to find. But you can do that if you do it, but I think we’re better off trading for ourselves. Here’s everything you need to know about the broker.
I can’t think of many investments that come close to 100% ROI each year. Let’s see how difficult it is to do this with minimal or minimal risk management. 6% compounded per month. Now my friend has more than can be done in this market. If you are confident in your profitability as a trader and willing to take risks, say 3% of your account for each trade, you can easily achieve this ratio with RR 1:2 on one trade per month.
Forex is a great investment if you invest slowly and focus on the long term. Also read Million Dollar Forex Strategies.
What is the Average Forex Trader Salary?
I would like to compare Forex Vs Average with above average experience.
Now look at the average income per capita in the US The average income per capita in 2015 was $58,714 via Wikipedia.
Imagine wanting to trade at least $50,000 a year. After all, you’re doing this for the money, so you want to make as much of it as possible.
It is said that using minimal moderate risk again can accumulate 8% per month.
For risk management purposes, we assume that you increase the lot size to your account monthly instead of weekly or daily. To earn $53,265.56 per year at 8% per month, you would need to have a $40,000 account.
Now, let’s say you can set up a trading account with minimal costs and work. How long does it take to make a million dollars on a $10,000 account with a 10% ROI per month? It will be $970,000 in 4 years. Divide by 4 to get $242,500. He earned $242,500 annually. That is, build your account with a 10% ROI every month if you haven’t taken it out.
What if you wait 5 years and start pulling all the profits out? In 5 years you will have $3,044,816. Now you can pull out all your profits every month. That would mean you would be making $304,481 per month! Just imagine. If you build a 10k account in 5 years, if you withdraw all your earnings, you will make $3,653,779 a year after that. So it’s much better to build your account until you need to withdraw money. I mean, can you imagine making that kind of income every month after 5 years? I’m not even talking about the unattainable. 10% per month is possible if you find a great trading system in Forex, get proper training and find a trading mentor. It’s important to check yourself.
In fact, you can achieve 10% each month with just a handful of quality transactions. Many traders bet on quantity instead of trade quality. We have this Forex Trading Income Calculator on this site to help you do your calculations.
I will challenge you to find another job where you can earn that kind of money in 5 years. To be honest, those numbers remind me. Remember, even if you don’t get hung up on numbers. Trading isn’t easy if you follow the plan, but it can be done.
I simply say to work hard, keep long-term goals in mind, and increase profitability in the Forex market.
You Can Really Make Big Income in Forex
In conclusion, if you can maintain a realistic view of forex, you are more likely to set reasonable goals. This helps us maintain profitable trading strategies that deliver steady forex income over time. If you don’t believe me take a look at all the forex synthetic calculators you need to know how much forex income you can make.
“Nothing can stop a person with a mental attitude from achieving their goals. Nothing on earth can help a person with the wrong mental attitude.” Thomas Jefferson
Thanks for reading!
