How to make around $100 per day with forex?
that means appr 00 up 00 per month.
how much money will i need to start?
and maybe work my way up?
i just want to make some extra money, and if i see that im good at it to make it my basic source of income.
a friend of mine makes almost per day, he keeps it low, and safe, and he is happy!
he had only one month of practice and he started after that, of course i know that in the beginning u will loose and stuff like that.
thanks!
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Tagged with: appr • extra money • how much money • money • month • source • way
Filed under: Forex Courses
It really depends on how much money you have to invest into a forex broker account. Talking about forex brokers, I’d say the best online, easiest to use one would have to be, in my opinion, FX Club.
I’ll admit, at first I was shit at trading forex until that site with its practice account and experience made me better at trading forex. They literally turn you into a currency trading pro and they offer video tutorials. Babypips.com is also a great site to learn about forex trading. With FX Club you can open up an account for as little as $10.
As for how you could make $100/day trading forex?
With FX Club, you could put $2,000 into your account and with 1:50 leverage taking in the smallest take profit, you could easily make $100/day every day or 5%. Mind you having said that if you have $20,000 to invest, you could make $1,000/day rather than $100. Now thats a good living!
I’d suggest you look into this broker, but above all, study as much can and learn as much as you can about currency trading before you jump in. It’s not as easy as you may think and the pros are just taking money from the people who don’t get a good enough education.
Good luck, and hope my advice helps!
You are more likely to lose that and more in less than a day.
there is no guarantee you would make $10 a month and you can lose money just as easily as make it – there is never a guanantee of profits in investing in anything other than 100% FDIC Insured bank CD’s and they pay nothing anymore
you can lose money anytime , not just in the beginning and anyone who tells you different is an idiot
Trading is not a "basic source of income" until after many years of experience, if then. It’s not like clocking in to a job. The rules are constantly changing. Now we’re trading against governments, the financial system is falling apart, and whole countries are going bankrupt. Trading is more like an Air Traffic Controller’s job, with nobody in the cockpits. It has never been a stable environment, and is the most challenging task you will ever face. Get some notches in your belt and challenge yourself with college first. You can’t possibly know how stressful trading can be, how disrupting it can be of your entire life. Read the book Stock Market Wizards about the best traders of our time. Every one of those guys lost everything several times trying to learn how to trade.
More than likely, you would lose more than $100 in the first 10 minutes.
Every beginner concentrates on profits first – wrong. There are no profits until you prove there are. Concentrate on learning, developing a plan, concentrate on risk first. Then trade that plan on a simulator to see if it might make money. Learn about leverage, the killer of most beginners.
Forex simulator:
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm
http://www.automatedleverage.com/
Compare Forex Brokers
http://www.goforex.net/forex-broker-comparison.htm
http://compare-forex.com/blog/
Forex Book
Bird Watching in Lion Country by Dirk Dutoit
reviewed here:
http://www.financial-spread-betting.com/Bird-watching-in-lion-country-review.html