i think as long as you dont want to trade too many positions the same time, even the US brokers 50:1 leverage should be more than sufficient, factoring a 2% risk per trade.
That spreadsheet made it clearer for me know. If you don’t mind me asking were can I get that to keep track of journey.
I do appreciate everyone’s help. I will go back to the school and re-read everything again.
and how much do you make ?
Depends on the pip value you’re using and how many pips you earn a day with your strategy.
purplepatchforex thank you
Hi
It is a theoretical question. First of all you need to learn more about the Forex Trading.
Boris
It all depends on the level of risk you take.
Follow this [U][B]trade explorer[/B][/U] until the end of August 2013 to see how much it made or how much it lost.
Like you said, you were guessing.
He can make 700-1400% gains in a year?
Those are certainly realistic newbie expectations :rolleyes:
If this is your first year getting your feet wet then I strongly advise you to be content with any gains whatsoever. Even if you wipe half your account then you’ve still got something to be happy about.
I agree with Aesthetic. You should actually get rid of thoughts of how much money you can make. Thoughts only on money promotes greed and emotional trading, which leads to the Dark Side …
Much better to concentrate on becoming a consistent trader. Develop your method, trade it and ensure you can follow it exactly, as you need to make your trading emotionless, even a bit boring to succeed.
With becoming a consistent trader, and adhering to your system, you then have covered off the two important aspects of becoming a Forex trader. One last thing to round it off, which is of course money management.
Then, with those three facets of Forex in place, you will not need to concentrate on how much or little you are earning. You will make money as a by-product of your method, mind and money management.
Remember, you do not have to trade a lot to be effective in Forex. You have to be consistent.
It is all depend on how much margin you spend each trade. and which pair you are trading.
$500 start, 24 weeks, $2 BILLION 097,152,000.00
I think you can make 10% per month consistently once you know what you’re doing.
That’s my goal anyway!
Well, not much.