Thinking about Forex trading

[klastica]

How much does it cost for MT4 trading platform?

How much money would be needed to earn £2000 a month from Forex trading (if I was average to good at it)?

Any tips on Forex trading? Do's and don't's

 

[forexsys1]

There is no particular amount of money you must have to earn £2000 a month from Forex trading. It depends on many factors.

The main don't AFAIK is not to trade manually.

Regards.

 

[klastica]

how many factors?
What does that mean?

 

[shadowninja]

One factor might be how many pips does your proven consistently profitable system return a month. If it only returns 10 pips a month on average then you need to risk £200 per pip if you only trade once a month IYSWIM!

To put it another way, the question you asked is the sort of thing spreadbetting companies love to hear...

 

[Rhody Trader]

How much money would be needed to earn £2000 a month from Forex trading (if I was average to good at it)?

It comes down to how much you can make %-wise each month. If it's 5%, for example, you'd need £40,000 in base capital. Realistically, though, you'd need a higher amount to account for performance fluctuations and to allow for excess profits to drive account growth.