Average Weekly Earnings

This is a discussion on Average Weekly Earnings within the General Trading Chat forums, part of the Reception category; Average Weekly Earnings in the UK are around £500 (recent figures, Office of National Statistics). Who earns at least this ...

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Old Jan 22, 2011, 11:08am   #1
Joined Feb 2002
Average Weekly Earnings

Average Weekly Earnings in the UK are around £500 (recent figures, Office of National Statistics).

Who earns at least this amount from trading?

(I don't).
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Old Jan 22, 2011, 11:13am   #2
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Re: Average Weekly Earnings

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Originally Posted by tomorton View Post
Average Weekly Earnings in the UK are around £500 (recent figures, Office of National Statistics).

Who earns at least this amount from trading?

(I don't).
About that, not much more. I don't do it for a living though. That's £500 before tax right?
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Old Jan 22, 2011, 11:23am   #3
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Re: Average Weekly Earnings

tomorton started this thread Cheers brettus - Earnings is after tax.
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Old Jan 22, 2011, 11:26am   #4
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Re: Average Weekly Earnings

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Cheers brettus - Earnings is after tax.
That would suggest average yearly wage is like £32k. I thought it was alot lower than that. Like £25k.
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Old Jan 22, 2011, 11:28am   #5
 
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Re: Average Weekly Earnings

i made £16,500 last month tax free
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Old Jan 22, 2011, 11:29am   #6
 
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Re: Average Weekly Earnings

The median weekly income for my state (Ohio) $919.

I consistently earn more than that just from trading.
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Old Jan 22, 2011, 11:33am   #7
Joined Mar 2010
Re: Average Weekly Earnings

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Originally Posted by HowardCohodas View Post
The median weekly income for my state (Ohio) $919.

I consistently earn more than that just from trading.
That's about £500 after tax i reckon.

Last edited by brettus; Jan 22, 2011 at 2:30pm.
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Old Jan 22, 2011, 4:05pm   #8
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Re: Average Weekly Earnings

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That would suggest average yearly wage is like £32k. I thought it was alot lower than that. Like £25k.
It is around £24.5 K p a before tax.
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Old Jan 22, 2011, 4:17pm   #9
 
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Re: Average Weekly Earnings

I was doing so for part of last year, but not consistently (although only drawing a fraction as income - I was trying to build the account).

Certainly not at the moment. The aim is to get back to that sort of level, but with less risk and therefore less stress. I needed to take a break to re-think, which I have now done (the break, that is ... the thinking continues ).

I have the "luxury" of not needing to trade for a living, which could be seen as both an advantage and a disadvantage.

This was with spread-betting, mostly FX, with the occasional foray into gold, oil, and stock indices. Gold was both a triumph and a disaster :-) It's too painful to relate, but not for the first time did I learn to treat that lady with respect.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

£500/week after tax sounded a bit high to me as well, for average national earnings.
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Old Jan 22, 2011, 4:23pm   #10
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Re: Average Weekly Earnings

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Originally Posted by montmorencyt2w View Post

I have the "luxury" of not needing to trade for a living, which could be seen as both an advantage and a disadvantage.
This would be a huge advantage for me. In fact, at my current state of development as a trader I can't think of anything that would have a more beneficial effect on my returns.
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