Hey i am 8 months to forex trading.l came from the binary world with a profit of 3000 dollars from a 300 dollars investment during 4 months in Binary options. My question is how much do i expect to profit in forex after using demo account in forex for 8 months.
How much have you made on your demo forex account (not from binaries) during the 8 months?
I have made around equivalent of 65,000 dollars
From how much capital?
You can work this out, surely?
If you made $65,000 from $100,000 capital in the demo, then over 8 months you made about 8% per month. If you do exactly the same with your $3,000 funded account, and make about the same 8% per month, that will be about $240 per month.
You’ve done extremely well, to put it mildly.
We should all be asking you for advice, not the other way round!
I am targeting to make atleast 2000 for dollars per month now as i grow , how can i do that realistically
Deposit $100k, realistic enough?
Whaaaaaat 100,000$ and making only 2% return per month… Is that worth it?
It’s an unrealistic question, really, because the purpose of trading with a $500 account isn’t to make money. It’s to gain experience and practice.
You still haven’t said from how much capital (on demo) you made $65,000.
Work it out, from that, on a percentage basis.
Even if you manage to make 5% per month, instead of 2%, that’s still only $25 per month, if you start with $500.
But VERY few people (and no beginners) manage to make 5% steadily, per month.
Your expectations are unreasonable, aren’t they?
This is the thread you need:-
Can you teach us your binary strategy?
So how much would you advice i start with?
I would also be interested. Im new here and need help. Thank you sir
Very Very good forex traders return 5% a month.
You have to be realistic if you want to make money long term.
That would be great…
It depends on how much you want to make… small capital will invest small profit with small risk…
If it’s 5% then i have to invest big time right?
Yes, the more money you deposit, the more you’re going to make… with risk management of course! So where’s your binary strategy?
If you’re among the tiny minority who (after hundreds of hours of education and thousands of hours of screen-time practice) can steadily make 5% per month, then to average out at $2,000 per month, you’ll need $40,000 capital, according to the rules of arithmetic.
You have a long learning-curve ahead of you, and we’re all wishing you good luck with it, while at the same time trying to keep your expectations reasonable and realistic, because you mentioned “$500” in the title, and we all know that the chances of you making $2,000 per month from that are precisely zero.
I always prefer more money to kick off a real account, because market is much volatile most of the time , that’s why there is no chance to survive here within minor balance.
Extremely helpful thanks
Will post a link here… Because i want you guys t9 view it in Google Docs format online