How much can you earn in forex?

I am new in forex. Can I really earn a million dollars if I learn trading well?

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If you learn to trade well, yes you can make a million dollars. Realistically and statistically you probably won’t and especially if you only focus on the money while trading.

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Its worth trying. But to calculate how much money you could earn in a year you would need -

  1. a trading strategy
  2. your win rate using this strategy
  3. the frequency of trade opportunities
  4. the % of trade opportunities you can take according to leverage, screen time available etc.
  5. the % win per winning trade
  6. the % loss per losing trade
  7. the starting capital

Many new traders don’t get to No.1…

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How much money will you be putting in? Is it $1B? :sweat_smile:

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Many people learn trading well, but still fail. You need to be in that 5% that didn’t just learn it, but actually succeed at it. Then, if you’re in the 1% of that 5%, you might just get there.

It’s a long but fun road.

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Simple answer is yes, depending on your capital, knowledge, plan, broker and some other perks.

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How much can you earn in forex?

That depends on a host of factors such as:

Starting balance
leverage
trading frequency
level of expertise
use of prop firms

and so on but the short answer is that there is no definite answer to the original question as posed in the title.
As it relates to a million dollars the answer is yes but again it depends on a number of factors and it will take some time.

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It’s more a matter of knowing yourself inside out how you react to emotional challenges that would take you a higher level than poncing around with a $500 account.

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How much can you earn in forex?

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You can’t fix an amount in Forex. But we can earn average profit if you lower your trading risk.

You can make any amount of money you want- the forex market moves trillions of dollars each day !! But the truth is before you even think about making money you should learn how to compound a trading account - like turn $1,000 into $10,000 multiple times , so you know what consistency takes . & tbh you’ll probably going lose money the first 2 years of real trading (maybe … maybe not) . I seen some traders make 200k in 1 trade ,but all the hard work and mental stress have to come first ! But it’s worth it in the long run if you really love it :heart:

You cannot fix any earning in Forex because the market offers different situations over time.

It varies month to month. Fixing a certain amount of profit a month is difficult.

@Kancho_Radulov @MithcelRobert I am not the one asking the question you don’t have to reply to my message, thanks for the advice regardless.

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The earning amount varies from month to month. Your trading capital is increased with the addition of these bonuses and it’s of no value until you can’t make the best use of your obtained bonus.

It depends actually. But over-trading may lead to big amount of losses. So I should stay satisfied with nthe average profit.

Your earning depends on your knowledge. You have to develop flourished tactics to earn better amount on the market.

Hi @MithcelRobert, I wanted to just post BS in reply, but the forum system required more characters.

BS

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The more this few accounts post their replies the more I am convinced they are AI bots.

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Your earning depends on knowledge. Education is now quite easier than before because of the availability of internet. Read online e-books and watch video tutorials to flourish your knowledge.