Hi everyone,
I’m new to forex and I’ve been reading a lot of articles. I am confused about the profit % you can get per year.
For example, if i have a margin of $1000 and I use a leverage of 1:10. When I read an article and it is saying that you can get 10-20% of profit per year. Is it 10% of your margin or 10% of your leverage + margin?
Thank you
Hi Aeonx,
First of all try to lose the idea of “making …%” at the beginning. Your first target is “being consistent profitable”, no matter what %.
In those articles they probably are saying %/year on account margin.
Your profit (and loss) is all dependent on you!
If you start trading without enough knowledge and a well written trading plan your profit will soon be -100% (you will blow your account).
Try to focus on the learning process, and not on the money. Good luck!
Hi Dutchtrader1,
Thank you for your reply, I am still learning and found that there are still a lot more to learn. And this will take a lot of time. That’s why I wanted to know if it would be worth it or not because if it is, I’m ready to dedicate a lot of time to learn.
I’m not thinking about getting rich by trading, even earning $400-$500 per month would be worth it. But before dedicating my time to the learning process, I just want to know if it is possible after 1-2 years of experience.
Thank you for your time.
Keep the percentages out if you are yet learning about how to do forex trading. When you become in your strategy then you will know how much you can make on a certain deposit depending on the winner ratio of your strategy.
the matter of percentage can be very confusing as for the beginning its better to book profit rather then looking for any fixed percentage as it will only create pressure on you.
When someone says profits of 10-20% per year they mean that if you start trading with $1000 you will make $100-$200 per year no mater what leverage you are using.
Well $100 to $200 per year in forex is too low as I think. People are earning much more than this in other online earning platform per month and that is without much risk.
Your are right this ratio is too low . When we are serious with forex business must earn some good profit percentage every month. I not say it would be high profit . I am contented if get 10% to 20% profit from my investment.
10 to 20% is in fact a great return on forex account. But many traders fail to feel satisfied with it as they want more and more. 10-15% is enough if we see it on longer terms.
It is their greed to get more and more from market. they do not think that they are making profit not loosing their money. They should have positive thinking for profits. No loss trading is also a challenge for traders, if they make 10% on regular base they are good traders.