How much do forex traders make a day?

Asked 3 years ago

Hi all, I've set a goal for how much I want to profit from trading forex, and I wondered how realistic I am. How much can a beginner trader expect to make when trading forex vs. someone who has more experience? How long did it take you until you reached a point where you were consistently making a profit?

Andia Rispah Igobwa

Saturday, December 18, 2021

A typical currency variation might be 80-100 points in a day based on the volatility calculator. So, if the market moves in one direction or another, you may make money from it! According to statistics, first-time forex day traders earn 100 points a day on average, resulting in $10 per day.

As a result, if everything works out as planned, a trader may earn 10 USD a day with a deposit of 2,000 USD. This implies monthly profit will be 10% (200 USD per month, i.e., 10*20).

However, it does not account for spreads and swaps that take a significant percentage of profits.

Second, because the risk in my example is 100%, it violates a risk management rule that states that a risk per trade must not exceed 2% of the deposit.

Third, a trader may not always make money.





Write an answer...

Cancel

Please follow our  Community Guidelines

Related Articles

How to Identify Legitimate Trading Platforms

How to Identify Legitimate Trading Platforms

Filip Dimkovski

December 22, 2024

Know This About the IronFX Broker

Know This About the IronFX Broker

Filip Dimkovski

June 15, 2021

Can't find what you're looking for?