Realistic Forex profits?

Question

I'm looking to start trading Forex (first with a robot and eventually manually.)

I'f I open a live account with $500, would it be realistic to turn that into a $1000 account in 3 or 4 months? I've done a little bit of the math and that would only be earning 1.1% a day on base $500. That's not including the possibility of earning say lower percentages per day with the daily profits compounded.

I see this as fairly conservative. I've heard super successful traders can earn 10% a month. The average seems to be less than 5%. I consider this conservative because say you take that same $500 and invest in stocks instead of currencies, on a good month, you might be able to make $1000 or more. I think trying to double the investment over a 3 or 4 month period is realistic.

But what do you think? Please respond.

Answer 1

Consistently for 10 years,



100% return per year is good trader

100% return per quarter is genius trader



$500 is enough to start trading Forex. You need a mini forex a/c.

If you are smart and experienced, you can turn $500 into $5 Millions.

But this result is not typical.

Answer 2

1

Answer 3

Haters everywhere! If you have a good startegy then everything is possible. I've been usung SmartForexinvestor software ( www.smartforexinvestor.com) for the past 8 months and i can say that turning 500 USD to 1000 in 3-4 months is more than realistic! Good Luck!

Answer 4

You can make money in binary options only if you treat it as a real form of investing. Learn here https://tr.im/whUOw



This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.

Answer 5

Alan what are you talking!



Starting currency trading with $500.

Better go to casino and have fun with your $500.



Realistically you can expect to be wiped out of your $500 within 10 days of your trading.



Cheers!



Happy Learning



Garima Bajaj

Pro Trader in stocks commodities and currencies

Answer 6

I would say 100% in a year means you have to trade very aggressively. I use soft a bit, checked out this www.smartforexinvestor.com as well - they offer free math-based forecast. Main thing is - be persistent and manage your bankroll!

Answer 7

Why do people think it is reasonable to outperform the professionals by 20 fold or better.



Bank of America, Citi. and JP Morgan each has an investment arm of about 25,000 people and currently are overall making less than 1% (after expenses) on deposits and 2%-2.5% during a good year.



Bernie Madoff couldn't figure out how to return 12% on investor funds so he created a ponzi scheme and Alan Stanford couldn't pay 2% more on uninsured CDs as compared to insured CDs. If it was so easy to make large profits in the currency markets, I suspect they would have hired someone to do that for them instead of going to jail.



Christian Baha created the first managed futures hedge fund (SuperFund traded in currencies and commodities) for the average investor and returned a be fat zero to investors over 7 years during the same time that the dow returned 30%.



The average actively managed hedge fund only returns a slightly better percentage than the market and about 50% closed down after the last credit crisis because they were significantly under water and had lost most of their clientele.



Yes the actively managed hedge funds charge a large fee to manage the funds (2% annually and 20% or more of the gains) but the overall return (including management charges) is very small compared to the returns you are expecting.



I suspect that the average currency trader loses money but Forex makes money.

Answer 8

Well

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org



I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.



As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org

Good Bye

Answer 9

I also suggest www.smartforexinvestor.com



Alex

Answer 10

You're watching too many commercials.



But realistically, it's only $500, so give it a shot. You'll probably lose it all, but you're not going to listen to us anyway. You have to find out for yourself. Do it. Then go back to your day job.



How many books have you read? Do you have a trading plan? Have you tested that trading plan for several months? Oh, I forgot, a robot. Don't you think we'd all be using them if they were profitable? Most teachers and trainers and writers of programs earn consistent profits in forex, but the people they teach don't. It's a long process just to find out.



Like all beginners chasing money, you give no indication that you've learned anything. Like all beginners you focus on profits that you have no way to know how they will materialize or come to you any more than a pot of gold. And you extrapolate these mythical profits into some kind of annualized fortune cookie. You're a dreamer, not a doer, and you'll tire easily when you find out how much work and resources and time it takes, how stressful it is, how hard it is, how endless the learning becomes to be a trader. It may take several years of hard work just to find out if you're cut out for it, but you won't last that long.



Traders are dedicated to their work. We focus on risk first. You are insulting with your silly us of non-existent profits, and have no idea how hard consistent profits are to obtain. This isn't like your normal stressful job like an air traffic controller where you punch a clock and bring home a check every month. The madness of the passengers have got ahold of the plane and it's outta control; no telling what's going to happen.



You are allured to forex because of huge potential profits obtainable only through the use of high leverage, but don't understand what leverage means, or that it usually works against you more often than not. You have no concept how your account gyrates with the use of high leverage, or how a stop is going to be used in this wild market.



You have no need to talk about profits until you've made 100 trades, then you will have answered your own question.



Trade a simulator and see what happens for free.



Forex simulator:

http://fxtrader.investopedia.com/Registration/Register4.aspx



Free Charts

http://www.dailyfx.com



Blogs

http://the-forex-trading.blogspot.com/

http://www.forexpeacearmy.com/

http://begginerslearnforex.blogspot.com/