Quick question i want answered from people that have been trading and have experience, is it realistic and possible for an experienced trader to make $10,000 per month?
Keeping in mind not blowing an account or being greedy but simply doing what they do?
If a trader has even $100000, so he can also make the $10000 profit.But it will require the trader to take too much risk by opening the big size lot, and having the proper money management.If a trader quickly opens and closes too many positions in a day, like a scalper,so he can also accumulate such a big profits on daily basis…
Of course it’s possible to make 10k a month trading forex.
An experienced trader is able to generate an average of 5-10% of monthly profit while observing proper money management.
It will not work every single month … there will be times when the yield is only 2% or 3%, and there will (in all probability) be months in which one actually loses money.
So you’ll need
a) either a sufficiently large bank account for the weak months (you’ll still want to eat, right?) or a second income stream and
b) a trading account of sufficient size (say, something around 150k, better 200k).
You will not be able to make your 10k a month with a 20k account, obviously … at least not without disregarding money management rules, which will kill you off pretty quickly.
Cheers,
P.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
Experience doesn’t equate profits. The average trader loses. Forex is very difficult. So when you hear people tell you any stat, ask them where they got that information. Most of it is made up.
So let’s say you are using 1:200 leverage and you have 20k in the account and are experienced broker , would you say you can bring in about $1k per week?