Incase any other beginners here are interested I just created a calculator to see how much you can earn from forex depending on different factors.
There are 4 questions that you fill in to the calculator:
- Beginning investment capital
- Your ROI per month
- How many years will you trade?
- How much money you will addon to your investment capital every month from your day job?
So for example if you begin with $500, a ROI of 5% and trade for 1 year and addon $100 every month then the result from my calculator shows:
Month 12 result is a profit of 113.79. You also addon $100 to your capital making the new capital a total of 2489.64. 1700 is the amount you have deposited to the count making your total profits from trading 790
If we do 3 years it’s:
Month 36 result is a profit of 589.50. You also addon $100 to your capital making the new capital a total of 12479.54. 4100 is the amount you have deposited to the count making your total profits from trading 8380
So as you can see, after 3 years of getting 5% roi every moth you have trippled (300%!!) the amount you should of having saved up ($4k) if you didn’t do any forex trading… instead you have $12k because you’ve been trading and achieving a constant 5% roi over 3 years.
But still… $8k for 3 years work is not much on the other hand… wish we had more money to trade with… let’s do this again pretending you have a much better job allowing you to start off with $1k and addon $500 every month…
Month 36 result is a profit of 2533.81. You also addon $500 to your capital making the new capital a total of 53709.98. 19000 is the amount you have deposited to the count making your total profits from trading 34710
Oh hell yeah!! $2.5k profit for month 36… this is what I would consider an income you can live a decent down to earth life off solely from trading, wouldn’t you say so?
So “all” you gotta do is addon $500 to your account every month and after 3 years of making 5% roi every month you will be able to quit your job (although I would recommend to keep addon for at least another year because then…
Month 48 result is a profit of 4948.28. You also addon $500 to your capital making the new capital a total of 104413.97. 25000 is the amount you have deposited to the count making your total profits from trading 79414
Hallelujahh!! $5k monthly income off forex trading
Now you can quit your job and addon for example $2k off the $5k monthly profits and use the other $3k to enjoy life without a boss!!
For fun, lets start the calculator at the last result so we begin with $105k capital and addon $1k every month for 1 year:
Month 12 result is a profit of 9689.62. You also addon $1000 to your capital making the new capital a total of 204482.04. 117000 is the amount you have deposited to the count making your total profits from trading 87482
Holy crap! that’s almost $10k profit every month!!
and hey, all this was done with 5% monthly roi… I don’t really know what is possible but I keep hearing about these traders making 20% roi every month…