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

[pipgod]

Close positions gaining $35.84.

After opening new positions the demo margin is 2.0%

35.84
13.97
18.42
+5.21
73.44

Divide by 4(days) for an average of 18.36/day.

7.3% ROI to date.

[pipgod]

Close positions gaining $8.78.

After opening new positions the demo margin is 1.44%

08.78
35.84
13.97
18.42
+5.21
82.22

Divide by 5(days) for an average of $16.4/day.

8.22% ROI to date.

[pipgod]

Closed positions gaining $1.50. I notice an opertunity, and had to take it. An hour later I had $8.33

After opening new positions the demo used margin is 4.77% ( a little to high for me, but still ok. )

09.83
08.78
35.84
13.97
18.42
+5.21
92.05

Divide by 6(days) for an average of $15.34/day.

9.20% ROI to date.

So far this is more than 1%/day.

More than 200 trading days in a year.

I like it.

[bnob99]

Originally Posted by docweb

Hello all

I am a total newbie and still reading babypips school and i can see that forex is good fun in learning but at the same time it needs a lot of time to reall master it to the extent that I should be in profit.

I want to ask a question, as it would matter to me how much time I would invest in it. I am thinking of investing 1000$ in forex( not now but 2 months down the line) , if I do reasonably and spend about 2 hours each day on my computer, how much return can i expect per month.

How much an averagly successful forex trader makes per 1000$ of investment.

I ll appreciate your answers

Deepak

I started with $1400 in my account at the beginning of February and my account is currently at $2028.

[pipgod]

bnob99,

You go buddy!

I was getting a little frustrated that other people were not posting other results. People need to know that the forex market is not all hype.

Will other people please post?

Thanks in advance!

[ghosttrader]

You to can realy do that?

[dpaterso]

Hello,

I can just see that this demo thing is going to be my pet peeve!!!

Just a word of warning (from my experience anyway).

Trading with a demo account and a live account are two different things.

I tried out about 5 or 6 different demo accounts and made a killing on every one (and I knew almost nothing about forex trading) and I'm talking about making $3 000.00 USD in four hours over 2 days!!! Not bad!!!

BUT - there is always a BUT:

The moment I opened a live account with the same company that I had just made the $3 000.00 USD I lost about $1 000.00 USD of real money in about five minutes.

Nothing else had changed - not my preferred currency pair, rates, software, my preferred method of trading (which I believe is referred to as 'scalping' on babypips.com) and I still lost the money in a couple of minutes.

How did this happen?

I noticed from the moment of logging in that the trades were happening much faster and everytime I tried to buy an instrument at a certain price is was offered to me at another price by the system (dealer) which inevitably was not in my favour.

The reason for the above is that their demo system is an automated system i.e. there is no dealer (person) involved so whatever price you decide to buy or sell an instrument at is exactly the price you get. Not so with the live system.

I have a sneaky suspicion that it is not only the company that I am with where the demo account and the live account are not exactly equal.

I mean - why is a company going to actually pay somebody to go through demo orders etc. etc. on the off chance that you will sign up with them?

Also - let's face it - if you always and consistently lost money on the demo account NOBODY would actually open a live account now would they!

I had this same experience with share trading through a broker a couple of years ago.

You know - what I knew about share trading in those days was what I had seen in the movies and heard other people say. I found a broker and asked him if it was EXACTLY how you see it in the movies i.e. you find a share that you like, buy it at the given price, wait for it to go up, and then pick up the phone and tell your broker to sell it at the current price. The broker said that that was EXACTLY the way it worked - except for one very small but more than anything else important detail - IF THERE ARE NO BUYERS FOR THAT SHARE AT THAT PRICE YOU CANNOT AND WILL NOT SELL IT AT THAT PRICE. In other words - it is not just a simple matter of watching a share price (or a currency value) - buying it and assuming that you will always get the instrument at your price - waiting for the price to change in your favour - and then just simply selling the instrument at the higher value - IF THERE IS NOBODY WILLING TO PAY THE HIGHER VALUE THEN YOU MUST EITHER HOLD ONTO THE INSTRUMENTS AND WAIT OR SELL THEM AT A LOSS.

I don't understand why this is never explained to 'newbies'. In both instances the omission of the fact that buying and selling shares or forex is dependant on the market value of the instrument NOT THE VALUE BEING DISPLAYED ON YOUR COMPUTER SCREEN AT THAT INSTANT has cost me money and lots of it too. Needless to say I never traded shares again - but now at least I know (unless somebody else tears me apart for my statements above) and I intend to make this forex trading work for me no matter what!!!

I'm not trying to put anybody off - I may just have saved you some money though.

And if I'm wrong or have made any incorrect statements above I would appreciate input as I am still learning.

Regards,

Dale.

[pipgod]

Thanks dpaterso, now that's a post.

I understand your frustrations. I started with stocks. The forex market is way different.

When I went live I had a demo open with my real account to see if any differences would cause me to loose my money. Happy to say that the FxSol demo and live accounts were identical. I lost money because of Fear/greed and misinterpretation of indicators.

I hope you are enjoying more success in this market. I scalp just a little, but not much. My trades are daily, I really like that.

Hang in there!

[dpaterso]

That's it - after all the time and effort I went to to post that message!!!

Only kidding - thanks for having a look.

Am I on the mark though? I mean to say am I correct in saying that it is not just you and your workstation in control of things - either when trading shares or forex - their is another human being somewhere else with his workstation that has quite a lot of control over your trades and if there are no buyers at a given rate for either shares or forex there is no sale?

Would you agree with that statement?

Regards,

Dale.

[bidplace]

Dpaterso,

First... thanks for your post... I liked reading it very much and had the same question.

Second, I had always wondered when I click on the buy button... Who am I EXACTLY buying FROM? Am I buying this currency from the central banks? From the actual countries I.e. USD/CAD from the US and Canada directly?

Or like you mentioned, am I buying this pair from someone who is willing to sell it?

On average, 2 Trillion dollars are traded every 24 hours on the Forex so we are talking about some HUGE money here... My little micro... or HUGE to me, standard lots are like pebbles on the beach.

I kind of thought that my little money gets bundled up with 1,000 other small spot traders and allows the brokers to buy much larger lot sizes probably with fractions of a pip spreads....add to the fact that they charge us spreads (say 1 to 3 pips) and thats how they make their money.

So the question is... who do the brokers buy/sell to? The central banks im assuming... is that correct?