I mean, starting with 10 euros in a micro account and turning it into 1,500 euros a month. I’ve heard of people who became millionaires over the years, like a certain Takachi from Japan. Is it possible? Have you achieved it?
I personally haven’t achieved it. But I think it’s achievable. There are full-time traders here who can tell you more about it so I hope they also get to see this. If you don’t mind, how long have you been trading?
In my experience, people making such claims (particularly in forums) always turn out to be marketing or promoting something. The fact that it may actually be possible (for 0.001% of people trying) is what gives them a very tiny bit of credibility!
If someone has the trading skills to do this, they’d be better off using a prop firm and getting funding that way.
It’s really easy, these days, for people with a real edge, who can trade profitably, to get plenty of funding.
But if you work on a 5%-per-month basis (very, very few CFD traders can ever make more than that steadily), then for 1,500 Euro per month, you’d need working capital of 30,000 Euro. But certainly not many people with 30,000 trading capital would really be trading CFDs anyway. A few, maybe.
Most people making such claims actually have some kind of promotional agenda, though, as @Franca_Bridge says.
Your goal sounds exciting but it would require patience, discipline and some luck. I have seen steady growth my proper trading plan and risk management strategy. What is your trading plan?
Hi @miguelgta,
Making monthly salary with forex is almost a mission impossible for beginner.
There are two attitude to achieve the goal
- Trading using big capital
- Trading aggressively.
Both of them need good discipline and mental toughness. I’m the first one. But I have friend trading aggressively, even with only 1k, in within a month can have 1-4k. But sometime the account hit bottom
Find your preference and stick to it. You need at least 3 years to understand the whole scenario (big trend), then you can conclude if you can make money in forex.
The biggest mistake, most people ask about profit in forex, even before they step into the mud
Yes - and sadly there are hundreds of forex brokers very well and carefully set up to take advantage of people who approach forex trading with a “profit outlook” rather than a “capital preservation outlook”.
Hi everyboy
im new to to the forum and english is not my native language so some words maybe miss spelled.
Back to the question, i make around 6-8% monthly on my account, but it took me 2 years of long nights learning every thing about forex trading.to be where iam today.
Sandell
I know there are a few people who can, and it’s truly a fantastic result. There are many people (in fact most people) sitting on the trading floors of investment banks and hedge funds, earning 7-figure salaries, who don’t achieve that!
And somehow you managed that after only 2 years?!