One of the most common questions forex traders get asked by their friends is “how much money can you make from forex trading?” It is always wise to understand that there is plenty of money to be made from forex trading if you play your cards right! That means that you need to have good experience and money management skills if you trade on your own, or have a very reliable service that can trade for you and give you consistent profits at regular intervals.
Sadly, a lot of people are likely to give up forex trading right after a few initial trials with the venture and end up sacrificing a bright future because they gave up too soon.
So how much money can you make trading forex?
While trading alone, traders can make great returns for the percentage invested although it greatly depends on how much is risked per trade. The average forex trader income increases for those who stick to a reasonable risk-return ratio. A risk-reward ratio of 1 to 2 is a safe ratio because it can reward you greatly when you get a winning position and still give you enough room to recover and continue with your remaining balance in case one trade goes bad. That is the psychological and emotional burden that comes with trading as many people end up getting greedy and want to risk more of their capital on one unsure trade just because the previous one was very successful.
The amount of capital to invest dilemma
Can you make money with forex trading if you do not have a lot of capital? To a great extent, it depends on just how good you are at trading if you want to make money while trading on your own or without an automated service. Demo trading is always highly advised before you invest your hard earned money on live trades for the first time and that is why people would rather take a more sure option of having a trusted service that lets you invest but they trade on your behalf.
However if you decide to go it alone, always focus on developing a constant strategy that yields a certain stable percentage of profits on a given week or day depending on the timeframes you choose to keep your trades.
How much do forex traders make a day?
Day traders usually like to close their longest trades within a day or two and net all their profits. With a good risk reward ratio (1:2), a person who invests only 1% of their $2000 capital per trade is likely to get a profit of $50 at minimum if he follows that ratio and ends up on the profit side of the market.
Combining that over multiple successful trades in a single day can open up the $100 plus horizon for the same capital.
Deposit amounts of less than $100 dollars are invested by beginner traders who want to test the psychological and emotional aspects of the real market without having to commit a lot of their money from the onset. The downside to that however is that the profits that come from such small accounts are not enough to sustain a career or at least offer the rewards that are enough to make a person leave their usual day jobs. Those are good rates for rookies who are fresh out of demo trading but are still uneasy about committing too much cash into their first account. Seasoned day traders and mini-funds usually deposit $5000 or more and expect to net to make about
It does not mean that the more capital you have the more you will earn from forex trading as a career. Some people start with a lot of capital at once but they end up losing it due to inexperience in trading and a lot of petty mistakes that end up costly. It is normal for people to lose their account in the first few weeks of trading if they do not have the basics such as account protection, trade timing and consistency in order. That said, trading forex on your own while you still do not have the right experience or any background on how the market is a very risky affair. For that reason, you are better off using an automated service so that you have some extra skin to cover you.
Automated services can still bring a lot of returns and offer you more leeway to run your other projects while still making money.
Have you considered an automated trading service to maximize your earnings?
How much can I make trading forex if I opt for an automated system? Instead of going through the frills of learning the markets demo trading and ultimately starting as a beginner you are likely to start making profits even on the same day if you settle for an excellent service.
A good number of automated service providers let you open accounts with a certain minimum deposit and will prescribe an expected profit for that deposit. Some others will however let you deposit the money and let you split a fixed percentage of all the trade outcomes, regardless of whether they are profits or losses. Examine the account packages a service offers and determine if the promised profits are attractive enough to fit your financial plans. The only caution is that you must carefully consider the track record of the service you settle for to ensure you get the best deal for your investment.
Consider loss-less automated trading with Rofx.net
One such good service that you can look at is the Rofx.net service. The Rofx.net service offers investors a loss-less trading guarantee because it has a pool of capital that can cover investors in case there ever is a time when there is a negative profit recorded at the end of the day. Rofx uses an automated neural network to carry out the trades and that ensures that optimal trades are identified and taken in good time to maximize the profits that can be earned for the day.
How much can you make in forex if you settle for rofx.net compared to other services? Most services offer an average of 40% return on all the profits that are made, meaning that if some trades are made using your money, the service provider will keep 60% of the profits for himself. That is not such a nice deal considering that you are the one providing the capital and that not all services will cover you when you lose your money.
Rofx.net guarantees an average of 0.38% daily and this figure often hits 10% profit on your investment in a month. That means that a $10,000 investment can earn you a cool $1000 dollars in a single month without you sweating it out with in the rough and tumble of the forex market.
For a no deposit or withdrawal fee service, it is a pretty convenient way of investing and earning passive income without having to learn forex or having to read trading manuals before you can make a single dollar. You will rarely come across a service like Rofx.net which lets you sit back and count your profits from a hands-off trading setup. All that you need to do is register for a package, make your deposit and just monitor your profits which are added to your account depending on the chosen package.
Below you’ll find table describing how much money you can earn with forex trading if you use different ROFX packages.
Deposit, monitor profits and contact the Rofx from a simple interface
Rofx allows you to buy or carry out Bitcoin trading very securely and anonymously. You finally have a one stop place to buy your bitcoins without having to scheme through a number of Bitcoin brokers who also adhere to very different Bitcoin exchange rules from different countries. Consider having your account at Rofx if you want the very best Bitcoin prices you can come across in the vast world of Bitcoin trading. Furthermore, all that can be done in a flash as you get to enjoy a same-day Bitcoin funding experience.
When it comes to funding and making withdrawal from your account, you are covered with the utmost convenience in speedy and secure transactions and privacy of your information. The service lets you make VISA and MasterCard payments, but you can also enjoy the interesting Bitcoin payments wallet. It becomes as easy as choosing your card type or the online payment system you want, from the icons listed and proceeding to the check off step.
All the payment options are easily accessible in the well-organized Rofx payment wallet to let you choose the funds transfer provider. Consider trying out the service for a hustle-free and profitable forex investment.
Metatitle: Discover if you can make money with Forex trading and how much
Metadescription: Find out how much money you can make with forex trading. Rofx lets you invest in the forex market and earn without trading yourself.