Forex Trading: How Much Profit Can You Make?

I don’t want to beat around the bush. People want to trade Forex because they want to make money. They see the boastings of other Forex traders and they also want to live the dream of huge profits, the rich life and the security that comes with a big bank account.

The problem is, most people that want to trade Forex don’t have any real life experience with Forex traders. They only see what they are told on the Internet from marketers selling something. The truth is, very few people know any real traders and even fewer have a clue about how much a trader makes.

The question you should be asking, “Are the claims you see on the Internet for real”? Are the boastings of big, quick profits something real, or some kind of marketing trick? If you start your Forex journey based on unfounded and padded results, you are setting yourself up for failure. The only way to succeed is to align your expectations with realistic, achievable goals.

If you investigate on the Internet and look for yearly percentage gains of other investment vehicles like hedge funds, the S&P 500 or mutual funds, you’ll find numbers like 5%, 15% or maybe 20% a year. These are returns of professional traders who do this for a living. So, should you expect 100% gains a month by trading Forex in your free time from your house?

I want to be clear. Forex trading is a great way to make lots of money, if done properly. You can build great wealth over time. But you’ll never become profitable by jumping from one method to another looking for unrealistic returns.

The amount of profits from Forex trading depends on a lot of factors. First of all, how much money do you have to invest? Then things like the trading system you use, your money management strategy, the stop loss size, etc. come into play. Everything together determines how much money you can make.

The first thing you should do is concentrate on percentage gains rather than money earned. If someone makes $103,945 trading a strategy, that does not mean you will do the same with a $500 starting balance. However, if the strategy makes 8% average gains, you can figure out what that would mean with your starting balance.

Set and Forget Forex Signals is a signals service that gives signals once a day at 5:30 PM New York time. This makes it very easy for the followers of the signals to place the trades and get similar results. Since the amount of money you make is determined by your starting balance and money management strategy used, they have provided some case studies use the real trade results with 3 different money management strategies. To see realistic expectations from Forex trading, look at the case studies at Set And Forget Currency Signals Service.

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