How much one makes on average/month with investment of 1000$

[pipgod]

The demo is $1000. The leverage is 400:1. The amount of simulated currency I am controling per lot is $1,000. This will gain or lose $.10 per pip per currency pair. I have place four trades risking .59% of margin. Lets see how things go.

[saab87]

Heres some advice that I heard when I first looked at fx trading. A gentleman I know said to find one pair and study it. He's traded usd/cad for 15 years and is making a good living. Study one pair and find out is quirks. Find out when it usually trends up or down [ 000 gmt or 700 gmt or 1200 gmt. Every pair has a certain time that it trades well, and times that it doesn't. Study it until you know it like the back of your hand. Know it well enough that you can almost guess where it is going. When you try to trade more than one pair you get confused. Also find where you can get 20 pips regularly. 20 ten dollar pips is better than trying for to get 50 one dollar pips. A pair will generally move 15 -20 pips easily. where 50 pips is alot harder. Here is a hint, usd/jpy will move almost regularly 20-30 pips at around 000 gmt. Check it out. Use a simple 21 moving average at 15 minutes.

[pipgod]

saab87,

That is great advice. I liked the USD/JPY when I first started. I had a buddy who was amazed how well I new that pair. After a time he told me that all pairs act similar to that. I started to look at other pairs. He was correct. All of them do there thing, the same type of thing, just at different times and different price levels. I am very thankful that I learned the way I did, and very thankful for my buddy who helped me open my mind. His favorite pair is GBP/USD. You gave great advice.

[pipgod]

First day on the $1,000 demo, 52 pips. That would be $5.20 at the current trade rules. My friend said that there is over 200 trading days in a year. If this was an average you would have made over $1,040 in one year. This is a 100% RIO/yr.

[thepipkid]

5.20$ isnt a whole lot, but could you imagine if it was 10,000$ account. after the first year you could take your first 10,000$ out and not have to worry about loosing your money. i would be able to relax so easy at the point.

[pipgod]

The $1,000 question has a new answer today.

Close positions gaining $18.42.

That's a little better.

18.42
+5.21
23.62

Divide by 2 for an average of 11.82/day.

If %5.20/day on average gave you a 100% ROI in one year, that means %11.82 would do twice as good.

200%/yr ROI or better, without compounding.

That's pretty good on $1,000.

[thepipkid]

dad he wants to know monthly not yearly
to corrent my dads mitake
11.82$ times 20tradeing days in a month
equalls 236.20$ a month
[times 12makes 2834.40$ a year just form y dad]

[pipgod]

That math is close enough. What is a dime here or there? I recommend spell check son.

That nut didn't fall far from the tree.

Love to the boy!

[thepipkid]

like father like son, DAD!

(and its time u quit usen my smileys!)

[pipgod]

Close positions gaining $13.97.

13.97
18.42
+5.21
37.60

Divide by 3(days) for an average of 12.53/day.

3.76% ROI to date.