FAQ Realistically, How much Money can I Expect to Make?

radex78

Active member
Jan 29, 2011
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#76
Yes successful trader will always inspiring many trader, and might also will giving motivated in their minds to continue learning forex and get better result, all trader have same opportunity to become success I think
 

NVP

Well-known member
Jun 21, 2004
35,630
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fxcorrelator.com
#77
the 90% failure rate is far far to low.........in reality it is much more than that over time

perhaps 10% get near formulating a half decent system and perhaps start to get all the other things needed like discipline and execution in place etc etc ........but then that 10% go through attrition

decent traders still there after 5+ years making money consistently (good money not a hobby) .........1-2% max

N
 

radex78

Active member
Jan 29, 2011
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#78
Maybe only small percent trader that able survive and making profit consistently through forex trading, if reading many statement more than 90% get fail in forex trading and only small percent that able survive, hence without high dedication hence will hard to survive.
 

NVP

Well-known member
Jun 21, 2004
35,630
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#79
If it was easy then anyone could do it.......so,it's not......

Be proud if you end up in the small % of winners ......you will have earned it

N
 

zaysev36

Active member
Feb 1, 2016
421
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#80
If it was easy then anyone could do it.......so,it's not......

Be proud if you end up in the small % of winners ......you will have earned it

N
By the way, does your chance of win correlate with the amount of money you use? Like, the more the sum, the higher the probability of success? Or those making small profits are as ubiquitous as those making millions?
 
Feb 26, 2017
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#81
SHORT ANSWER

Allegedly, 90% of all traders fail
This cliché is posted on the boards almost daily. It may or may not be true. Evidence to support this figure is mostly anecdotal, however, it’s certain that many who try their hand at trading quit with less money in their pockets than when they started. So, the balance of probabilities suggests that you would be wise to ‘expect’ to lose money rather than to make any. But hey, that’s a negative attitude and, besides, you’re not one of the 90% are you? No sir, let’s assume that you’re destined to join the elite 10% of profitable traders!

Now the good news
The positive spin on the ‘90% of all traders fail’ statistic is twofold:
1. Many of those that fail are ‘get rich quick’ punters who play at trading in the vein hope that they can turn £100 into a million in next to no time. If this describes you – here’s some great advice for you. . . If it’s money you can afford to lose and you want to have a laugh gambling, go to the races or take a trip to Las Vegas. It’ll be a whole lot more fun.
2. The good news is that the failure rate needs to be high in order to provide the mega profits for the 10% who succeed. In this respect, trading is a bit like the lottery. The jackpot is divided between those who have the winning numbers. The more winners there are, the smaller the cash prize that each winner receives. So, if you’re willing to put in the huge amounts of time and effort required to succeed – the upside is big. Huge. The sky’s the limit!

But . . . (there’s always a ‘but’!)
But here’s the rub. The secret to trading success is not to focus on reward, but on risk. You must minimise risk and keep your losses small. Coupled with this is the need to focus on trading really well, rather than the money you’ll make if you do. In this respect, good traders are like the best premiership footballers. First and foremost, footy stars have to focus on their training, fitness and how to excel on the field of play. The fame, money and beautiful WAGs come second.

The holy grail to success in trading is understanding and applying sound risk and money management principles. Failure to do so could be disastrous. No joke. In extreme cases, this could result in bankruptcy and loss of your house or other assets. If you've not read it already, before continuing with this FAQ; check out this sticky: Essentials Of 'Risk & Money Management'
Actually to earn in forex, you need to learn. It took me few years to start earning and make it consistently. But I still main part of my funds is managed by other trader Inna Rosputnia Lady F. I am not ready to manage all my funds. But what I know for sure trading is great business. It take a lot of time and money to become successful, but it worth it.
 
Mar 29, 2014
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#82
In all trading, do not focus upon what you want to gain, just have a plan to limit your loss. Anybody who tels you otherwise is a cokc.
 
Sep 21, 2016
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#83
Well First of all it depends how much is your Capt ital invested is and then you are supposed have good money management along with Following Trend. but never risk your Capital more then %2 on one trade.
 
Mar 18, 2017
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#85
Realistically speaking, it all depends on the skills and method used by the trader and its level of expertise when it comes to trading business. And keeping mind of the risk that the trading gives rather than concentrating on the money flow will help make the trading a success.
 

progix

Active member
Feb 25, 2016
199
2
28
#86
Well First of all it depends how much is your Capt ital invested is and then you are supposed have good money management along with Following Trend. but never risk your Capital more then %2 on one trade.
In my opinion we should only risk that much capital that we can afford to loose in forex trading.
 

Brumby

Well-known member
May 25, 2012
600
136
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#89
What professional FX traders make annually according to the Barclays Hedge index. They are verified accounts (audited) of professional traders managing client's money.

What is obvious - they are not remotely near the 50% to 100 % return BS claims.

 
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Lee Shepherd

Well-known member
Feb 12, 2008
2,165
570
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#90
What professional FX traders make annually according to the Barclays Hedge index. They are verified accounts (audited) of professional traders managing client's money.

What is obvious - they are not remotely near the 50% to 100 % return BS claims.

It's disappointing but true. Every time I mention it (same for you Brumby), you will be ignored or fought against and your words, and more to the point, the proof and evidence, will fall silently on deaf ears. People just don't want to hear it. So what do we do, we say... f**k em. I spend my time investing on me and with my family and friends, not trying to convince others.

Post up a thread that states 'make 20% a week working 1 hour a day'
or
'How to make £300-£500 per day trading the markets'
And see them all swarm like flies.

People that are 'making' (term used lightly) tens of percentage points a week/month will not last in this business. The main and only reason why so many come in to this business in the first place is because they are lazy and want to earn big bucks doing f**k all.

This is why technical trading is far easier to sell to the masses than fundamentals. Why read, read and read some more when you can just draw some lines on a chart and 'make money'.

For what it's worth, my personal ratios are just over 70% hit rate with an annual return just inside the double digits, however, that's trading a big account and is considered extremely low risk - therefore low return.

PS: Those traders returns published are very much on the low side.

Lee
 
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