I’m just starting out in forex trading and want to know if it’s worth my time and effort in learning it. Realistically, starting out with $1,000, with the proper training and discipline, how much can one hopefully intend on earning in a year?
the learning curve takes years to master before u start making decent living
If you are good, you can double this amount in one year
Thanks for your reply. 
Thank you. It’s so hard to sort through all the garbage out there. A lot of people say how you can become so rich in a short amount of time with forex.
$10000000000000000000000000000000 Give or take a little :53:
No one can really answer this for you. It depends on you.
Money can be made but it wont be easy, especially at first. After years on training, trading learning and gaining experience, consistent profits can become a reality! Dont let all the ads on the web fool you into thinking you will be a Millionaire/Billionaire overnight! If that was the case everyone you know would be FX traders and extremely rich!
If I could just make $20,000 in a year, gosh even $10K, that would be enough motivation to keep going. But if I work my tail off only to make $400 in a year, that’s not worth it to me.
Starting with $1000. In your first year you’ll probably lose $200-400. Second year you might break even. Third you might make make $300-500.
Oh yeh you can definitely make $10k in a year with only a thousand bucks! So far on my demo account I’m up $40k only in a few weeks using ICT’s methods… I would recommend you start with watching all his videos and read all his posts, the guy is awesome for posting all this.
Good luck good trading!!!
If a person starts with $1k and makes $400, they have made 40% in that year. Better than any bank etc can do for you, so it would be worth it.
Before looking at making money - which is a trap for many people which will make them lose - you need to learn what the forex world is, how to trade it consistently. You first need to learn to be a consistent trader, then you need to get all your psychological aspects sorted out, and then you can look at hopefully making money. Rather than look at amount of $$ profit to make, you should be looking at % of account. That should remain consistent whether you have $1000 in your bank or $100 000 in there.
A person who starts off with $100k will most likely worry a lot with 2% at risk, being $2000, but a $1000 account would risk the same % which would be $20 and you would be much more comfortable with that. Start small with real money after you have worked out your methodology etc and slowly build that up by compounding. Your aversion to risk in $$ terms will also improve over that time.
This is really good advice tassie! Thank you for posting it.
Good luck good trading!
As a newbie too I opted for an Automatic Forex Trading System, minimizing all the guess work and the stress. But it goes without saying that you must take time to study the system through their free trials and then small investment. So far I like my progress.
Mike
And i made a million playing monopoly but thats pretend aswell so its meaningless …try real money and lets see how you do
I am not experienced enough to say how much you can make but I would suggest making a plan and sticking to it. I’ve done exactly that and I am noticing around 40% return for my first month (excluding last night’s bumper win). As ‘chching’ says…it will be difference with real money and the emotion will come into play a lot more.
My plan set out what return I wanted to make, how much I wanted to risk, how often I wanted to trade etc.
I am seeing a 3:1 win to loss ratio.
I have played around with small amounts and big amounts and the method obviously works the same but the emotion / psychology is definitely different.
I traded for 3 hours last night (well, set the deal up and went to bed) and banked just over $1100 so it is possible to make some money if you have a method / plan / whatever you want to call it.
Good luck in whatever you decide to do.
Looking at the question in isolation of what it actually takes to make money in FX trading, a suitable monthly target which is attainable would be in the region of between 10% and 20% per month depending on your attitude towards risk management.
The typical touted rate to risk per trade seems to be between 0.5% and 3.0% per trade, but these figures are again in isolation of actually having a profitable trading method.
I personally target, although not a fan of the term ‘target’, 20% per month which equals a compounded annual return of 640% when trading for 11 months out of a possible 12 months. Then again I’m a high risk trader, but on the other side of the coin I have a lot of testing results and models to backup what would usually be considered as high risk trades.
It’s too loose and naive a question to answer, but I can give you a definite answer on how much you can lose with $1,000 and that’s $1,000. And believe me, if you are going into this with no experience or grip on risk management, that loss will happen before you can blink.
Oh I’m planning on going full time soon… If I can turn $10k into $40k on my demo account I can do the same with real money. I just need to be disciplined and use what I have learned from ICT.
Good luck good trading!
Banker,
I know you are probably hurting from having your old profile banned, and you are doing what you are doing as a result just to take the p##s out of the other people using ICT stuff. The people who have been around for a while know what is going on and who your new profile is. A bit funny to start with, but just think of what you are saying and what it does to absolute newbies coming in. It isn’t really fair to them. Why don’t you come on board with what you were trading and share your experience in a supportive way. Surely that is more help to the newbies. Give them some good direction and smart options as most of us do realise there is more than one way to trade forex.
Try to provide new people asking genuine questions answers that they can consider and research to see if that is what they want to do. It is not that hard to get along…
Thank you for another good post Tassie! I’m just a fan of ICT and am a newbie to forex myself, just sharing what has helped me brother! No I didn’t like banker because like you said, he obviously didn’t have anything to contribute and his differing opinion was obnoxious to me. I do not want someone imposing on my trading style everyone here loves ICT and its nice to bounce ideas off each other. Can’t wait to read more of your posts!
Good luck good trading!!!