Trading Forex: How Much Profit Can You Make?

I don’t want to beat around the bush. People get involved in trading Forex because they want to make money. They see the claims other Forex traders are making and they also want to live the dream of big money, 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 reports of big, fast profits a reality, or just an urban legend? If you start your Forex journey based on the lie of big winnings in a short period of time, you are setting yourself up for failure. The only way to succeed is to align your expectations with realistic, achievable goals.

If you do some investigation 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 professional firms getting these type of returns on their investments. So, is it reasonable to expect 100% gains a month by trading Forex in your free time from your house?

I want to be clear. Forex trading is a excellent way to make lots of money, if done properly. You can build great wealth over time. But you’ll never become profitable if you expect too much, too fast.

How much money you make trading Forex depends on a lot of factors. First of all, what is the starting balance of your trading account? Then things like the strategy you use, your risk management strategy, the size of your stop loss, 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 claims making $103,945 trading a system, that does not mean you are going to make the same amount with a $500 starting balance. However, if the system makes 8% average gains, you can determine how much money that would be 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 subscribers of the signals to duplicate the results of the signals. 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. If you want to see what realistic and achievable profits are trading Forex, I suggest you take a look at Set And Forget Forex Signals Provider.

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