Is it possible to make 10 to 20 euro a day on forex trading with low capital ($100)
i just started trading real cash this week. just wanted to how hard is it to do.
Twas merely a question.... :innocent:
You'd either have to get almost every trade correct (as Splitlink points out) or use poor money management which would quickly blow your account.
Stick another nought on your starting capital, and become very very good at trading : THEN you might get close and survive at the same time.
Stick another nought on your starting capital, and become very very good at trading : THEN you might get close and survive at the same time.
bangkoker
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I am sure the answer is in your own question though:
How likely is it as a beginner that I can achieve 10% to 20% a day return?
If it was that likely imagine if someone with $10,000 started and made $1,000 to $2,000 per day.. even with a $100 you would expect to be very seriously wealthy very quickly.
Just take it steady learn the ropes and anything is possible. As a tip a lot of people state it is best to only risk a percent or two on each trade.. or 5% a day.. you would realistically be able to risk up to a few dollars on a trade.
Good luck, keep learning and get some practise (maybe by papertrading on a demo account) whilst saving some money. I hope doesn't sound too patronising because I am not in a massively different situation myself.
How likely is it as a beginner that I can achieve 10% to 20% a day return?
If it was that likely imagine if someone with $10,000 started and made $1,000 to $2,000 per day.. even with a $100 you would expect to be very seriously wealthy very quickly.
Just take it steady learn the ropes and anything is possible. As a tip a lot of people state it is best to only risk a percent or two on each trade.. or 5% a day.. you would realistically be able to risk up to a few dollars on a trade.
Good luck, keep learning and get some practise (maybe by papertrading on a demo account) whilst saving some money. I hope doesn't sound too patronising because I am not in a massively different situation myself.
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oildaytrader
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Doesn't that add up to 20 % a year
yeah ill have a think about it, dont want to blow my cash on bad forex trades ha!
the reason why i asked this was i wanted to see is it posssible to make around the minimum wage of an 18 year worker from forex trading at home. maybe i shud get a job........hmm.....
:smart:
oildaytrader
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You can sell signals for 20% a day , i.e $20 per day.There is no risk involved
Become a forum pimp for 30 % a day, $30 per day
For 35% or $35 one can become a forum Gigolo ,depending on sex
bangkoker
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Yeah, get a job, keep at the learning trading.. do some demo trading and try to save some money so you have a good account size and then start small.. that is what I would like to have done if starting over.. ideally from the age of about 15:cheesy:
B
Black Swan
Ok, let's come at this a different way, not negative, but let's look at how long you can stay in the game as opposed to how quickly you can reach the goal, let's do the math in pence and imagine your euros are pounds...
Assuming the lowest punt you can make is ten pence per pip with a risk of 30 pip you're using 3%-3.5% of your account per trade, sensible. Now if you get a workable strat. and stick to one/two currency pairs on perhaps a ten min. TF and place target profit limits of 30-40pips per trade you'd have to have a helluva losing streak to lose it all...
I reckon *doing a Gamma* (were he turned 100 quid into 500 in a week or so) is quite easy in you're experienced and have the discipline...
Ok, let's come at this a different way, not negative, but let's look at how long you can stay in the game as opposed to how quickly you can reach the goal, let's do the math in pence and imagine your euros are pounds...
Assuming the lowest punt you can make is ten pence per pip with a risk of 30 pip you're using 3%-3.5% of your account per trade, sensible. Now if you get a workable strat. and stick to one/two currency pairs on perhaps a ten min. TF and place target profit limits of 30-40pips per trade you'd have to have a helluva losing streak to lose it all...
I reckon *doing a Gamma* (were he turned 100 quid into 500 in a week or so) is quite easy in you're experienced and have the discipline...
would it be fair to say that you have to risk more to make more??
With the energy crisis you can make even more selling candles.
B
Black Swan
pfftt!!
You're asking the wrong guy I don't do betting, I only do winning strat....took 2 years to get it right though...my failing was being too conservative for too long....But no, I don't think you have to risk more per trade to make more but then again my strat is entirely probability based...
pfftt!!
But no, I don't think you have to risk more per trade to make more but then again my strat is entirely probability based...
do you work at home or for a company?
*also...
is it possible to rack up huge losses from 100 dollar trading???
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Paddington_Bear
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After I had blown my first few (OK, 5 accounts) I decided to try and trade with a much smaller amount. The great thing about trading with a much smaller amount is that it forces you to only trade the best setups. However, I did have some experience under my belt and a well worked out strategy to boot!
If you concentrate on RISK and really filter your trading you could certainly give it a reasonable try. However, have you tried demo trading with only £100? This is the only business in the world that you can practice at first; make the most of it!
Anyway, best of luck. After about 14 months my account has certainly built up! Don't let anyone tell you it can't be done, most of them won't have tried themselves!
Best of luck.
If you concentrate on RISK and really filter your trading you could certainly give it a reasonable try. However, have you tried demo trading with only £100? This is the only business in the world that you can practice at first; make the most of it!
Anyway, best of luck. After about 14 months my account has certainly built up! Don't let anyone tell you it can't be done, most of them won't have tried themselves!
Best of luck.
everyonerich
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yes its possible, but prepare to lose it all first
Ambrose Ackroyd
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Pretty bloody hard mate.
