Can I make $1000 on my $10k every month with forex trading
1 Like
No, you cannot.
Why
How much capital do I need to make that
A good trader can make around 20% to 30% per year on average. On a 10,000$ account, 20% is 2,000$, so around 170$ per month.
On a 50,000$ account, 20% is 10,000$, so around 830$ per month.
I would say you need at least 60,000$ to make 1000$ per month on average. And this assumes you never want to compound your account.
Its not impossible but would be very hard to maintain constantly as there is no certainty in trading
3 Likes
Hi, big return needs big risk, big risk need more knowledge and skills than beginner investor to control it, knowledge and skills need time to get it, there is no shortcut, good luck 
. Regards Greg
2 Likes
Depends on how much risk you would like to assume.
Do you have a plan to achieve this 1k in one month ?
Do you have a risk management planner ?
If you lost all this money, how much will it affect your emotions ?
Have been consistently making profits ?
Do you have an estrategy ?
Yes you can. It is possible.
Is it realistic? Hardly, but it is realistic.
You are searching for 10% per month which is not to much and to small but there are other things that will make your trading results hard to achieve.
Trading will pull out greed from you and force you to take more risk than your account can sustain. That way you will lose all what you have.
If you use smaller risk like 1% for your losses and if you have 3-5% on each trade you can with several trades reach your monthly goal.
Will you have enough good trade signal is the open question.
Protect your money from losing it, try to make trading strategy with risk management plan.
That way you can succeed and even make more than 10% per month.
1 Like
You will loose all 10K, this is the sad reality. You need to be very experience trader with massive discipline, outstanding money management and tested strategy to achieve such a results.
Do it with your Demo account for a year or at lest achieve it 3 month in a raw before you jump into real account. While trading demo treat it as it was a real account always with SL in place (not mental one but real!!) and TP that you know before you open the trade. Only in this way your system is measurable.
All the best.
Rafal
I will also say it is possible,
You need 1 good trade per week with a risk to reward ratio of 1:3.
If you risk 1% and make 3% per week consistently, you will achieve 12% per month.
Or risk 1% and take two trades per week, with a risk to reward ratio of 1:2 on each trade. That’s 16% per month.
This is not taking in to account any losing trades or anything else except the simple math.
Good luck.
You are close to being spot on with this comment. Accounting for winning and losing trades the number of trades needed to make $1000 a month requires the use of a huge amount of margin.
Cheers
Blackduck
Sure it’s possible, absolutely nothing that may be described as " unrealistic" or “utopistic”. Just a short calculation example:
You trade position 10 Lot, you need just approx. 2300 EUR each position.
One pip profit brings you minus 40% commission around 60 EUR.
You make only four pips a day. Than you stop trading.
You earn 240 EUR a day.
Five times a week brings you 1200 EUR a week.
So in a month you earn approx.5000 EUR.
That’s it- nothing more and nothing less.
If a good trader can only make 20-30% a yr then better not learn to trade. Just put your money in Berkshire Hathaway stock or a single high growth stock.
With the leverage available in Forex 30% a year is pitiful.
I understand that newbie expectations need to be tempered but a good trader can, with leverage, make anywhere between 200-400% yr and even much more than this.
All it takes is a few home runs each year, and a consistent number of bread and butter trades.
2 Likes
i was wondering same thing 
what are these people doing in forex if 1 needs 60k to make 1 lousy k per month lol… who taught these guys how to trade and MM…what a joke.
if u risk say 20 bucks on a trade and u go for 40 everytime, on average in around 30 winning trades ur at 1k. if 20 bucks of risk is too much for u, no matter the account size, u shouldn t be in forex pal. it s way easier to make % on larger accounts rather then on small accounts but, with that mentality i can almost guarantee u ll never trade full time…
1 Like
@Johnscott31 And I assume you have a verified track record of what you claim?
ha ha, waiting for that one.
No nothing verified, I keep my records to myself.
However I will give you an example: if you look at what gold has done over the past week or more, a lot of traders will be up 30% plus on that one trade.
Now remember gold also had an explosive move about Xmas, again many traders making 30-40% on account
These types of moves happen across all markets from time to time. But it does involve holding, trailing a stop, and on occasion risking more than 2%
If your day trading, snapping at profit targets and not let winners run you will totally miss these moves.
i said i won t post of mt4 anymore but there u go talking bout gold(my favorite btw)
and audchf, with multiple take profits and letting a portion run which i decided to close yesterday, and i have few more trades but just to show that it is possible.
and frankly, u don t need hundred of pips, u can make decent money in a year risking verry little by compounding, starting with 100, 500 1k or more, that is ofc if u know what ur doing and ur consistent. try and make 15 pips a day consistently, ofc u ll lose some also, but overall, with only 15 pips a day, and doubling ur risk size when u double the account… it is very doable imo, but again, u need to know what ur doing and u need to practice, and have lots of screen time etc…btw, AUD CHF was entered on the 4h, but i decided to close cos of some nice volume commin in of the lows…
2 Likes
Well I think we disagree about the means (i don’t day trade) but, yes consistency is one of the keys,
It seems to me in FX retail traders fall into two camps. The get rich quick camp who think insane returns are waiting, and the camp who believe anything over 100% is impossible.
I take the middle way, with the obscene leverage at your disposal a few hundred percent a yr isn’t really all that special if you know what you are doing.
1 Like
i day trade and i also swing trade, and sometimes i ll be lucky and turn a day trade into a swing trade. i can also trade off daily or weekly or whatever timeframe, the thing is that i trade on the timeframe that i feel most comfortable with, also cos i m still a very impatient man, spite me trying to tone down my temper and master patience anyways, i think it s about the aproach to the market, not about the timeframe and managing the expectations corectly imho.
1 Like