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How much do professional forex traders earn

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how much do professional forex traders earn

How much per day can a professional forex trader earn? Hi, I don't know much about forex and never practice trading before since I'm still learning about forex trading at babypips. I wanna know the answer to that question I ask above: How many percent of his capital for example? Anyone knows the answer? For a professional forex trader, I guess it still depends on how you trade daily. But actually, professionals earn MORE than beginners, of course. The earnings also may depend solely on the current forex exchange and if the market price. But like in other business, just consider the statement that, the more you invest, the more profit you will gain too. I am not pro but I will count and give the answer with my current trading result: Not bad at all. And lost the next. I think consistency is what makes a pro trader not the amount of profit. You can double your capital in no time. If I could do like you then it would be nice. For how long have you started doing forex trading hoang long? I am also interested to know how long has Hoang Long has been trading. However,there are some trader who are earning thousands of Dollars daily. Can You believe it? You could already retire with that kind of money in some countries. I wonder how much that trader has in his account? Surely, that trader also has thousands of dollars in his forex account. I admire that person so much. I just wish to earn half of his earning in 4 days per month. Also, I have something to ask. I guess, that would only be true if that trader is already an expert. From what I have read in babypips and other forex online learning sites, forex is sometimes unpredictable. For less than one year that I am in Forex business and the first time is alway the hardest time, there have much thing that I need to learn. You're not that expert yet so of course, it's like that you're still practicing to learn more. Start counting by the month, my friend. Even when you open a store, you don't calculate profit daily. You calculate it monthly, earn you substracting overhead cost. Daily bread is something you consume, not gain. Ok, thanks for your information guys. And Jinx, are you a forex trader? If you are, then what is your monthly profit? I'm curious about that. You sound like someone who knows about forex pretty well. I am a forex trader. But, sorry, can't tell you how much I make monthly. I don't tell even my wife. On the other hand, don't evaluate yourself by anyone else achievement. You yourself is the worst enemy you can face in trading, adding unnecessary enemy such as others' achievement will only make your quest even worse. Have at least a high figure in your mind, say 5 or 6 digits, then calculate how much do you need to live comfortably monthly. Then calculate how long it takes for you to achieve it, from your current position to having a comfortable living. Keep doing it step by step until you achieve the high figure you have in mind in the first place. And when you almost reached the high figure, start to think about everything else entirely. The curse of mankind is not how when enough is enough, only when it is too much. Of course, if you already gain profit from that, then that's the time that you'll invest a little higher, so that your profit will be a big amount too. AS for beginners or novice traders, investing a low amount is a part of that. Well, if you have time, say you're in early twenties, why bother? Just keep adding your profit to your equity, in time you can withdraw your profit enough to live comfortably. I can compare this with money cycler. And as time goes by then you have funds again for investment, then re-purchase another position again so that in time, you'll be able to gain your profit already. I don't know anything about "money cycler. Money Cycler is one type of hyip with ponsi system scheme, if it be the first to make a deposit will be faster out if there is a new member to deposit. You cannot take your money back, only taking your next in line's money. That's a world away from trading. Even playing poker has a better option than that. I think its a rather good. For a last year i work with one broker only - its AccentForex. I've once heard of Accentforex. With a big amount of money, that would be a good profit. I've never heard about accentforex. What is the minimum amount to deposit in there? Why don't you go with the big one like forex. For withdrawing the money,you will have to wait for 5 banking days to receive your money. Money Cycler is one type of hyip with ponsi system scheme, if it be the first to make a deposit will be faster out if there is a new member to deposit Which means that here in money cyclers, more members are needed to "push-up" those members who are in the "next-in-line" who will receive their payment already. Less earn, yet the process is slow if there are only a few members. Whereas in HYIP, more risky yet the process is really instant. It depends on how you trade. Every traders can't make much profit. It is depends on luck also. Sometimes market trend goes with you and sometimes doesn't. If only you are success. Many professional forex more than that. If you invest more you can get more profit, it is calculated in percentage. It will really depend on how much you have in your account. This is quite a lot, but then, I believe traders have millions in their account. Oh pinoy, i do not take those stats to heart. I am satisfied with knowing that we can earn a lot from forex. And so, how much someone made in a day is really of little concern to me as there are many factors to a successful trade. And personally i do not count on it, but every trader needs it. Yes it is very big amout per day, I think this traders take a lot of time to reach this level and as you said have a lot of money in there acounts. I hope I can learn how to get this amount of money. Palove, if you don't count on it, then you don't need it. Why need something you don't count on? I trades counting on luck only when I was just started, and all ended up in disaster. Back in the days when there was no steam boats and ships with engines yet, big boats had to make huge masts even with racing yachts today so the wind can move the ship. But how many times do you think they had to wait for the wind before sailing, to manage that some boats had hundreds of rowers to move the ship. Not that they were counting on the wind to get them to their destination but they equally needed the wind if they were to get there faster. I do not count on my government to get me a house, a car and a job in a ministry but it does not how that i do not need it or i will say "Sorry, don't mind, i am okay. I just do not need it". Count on professional is to mean wait for it or just looking up to it always before taking steps. Like i do not suppose you live without breathing, so you count on Oxygen to help you do the things you do. It is a lot different from the previous examples. In the hospital where every decision counts, a timely CT scan to detect a fracture in the pelvic girdle might just expose a cervical cancer outgrowth just about to cause problems. And what do you call that, "luck", "fortune", "miracle"? Whatever your pick is, definitely no one should wait for luck to do what they have to, we just need it sometimes to supplement our genuine efforts. When you need the wind to move your boats, did it mean no boat sailed during those days? Many were still sailed whether the wind blew or not. Do your government ever give anyone a house except government's employees, of course? If you don't need it, then don't rely on it at all times. The only times I trade on luck was in my early days, and all ended up in disaster. When I started to make calculated moves in every trade, that's when I started to make money in forex. It really pays to join discussion about forex in other forums. Newbies will get an idea of how difficult forex really is. In time, these newbies will become professionals and will not rely on luck but on their talent, instead. Don't get the wrong idea. Not all newbies will become professionals. Many of them will abandon forex along the way, while some keep trudging with nothing but mediocre results. Only a few who rise to the unknown top, by which time they will prefer to disappear and enjoy the fruit of their labor. I should have written - "some of these newbies" as I agree that only a small percentage who will try forex and succeed. If a total beginner like me can earn that much, how much more for a pro trader. Congrats on having a good trading day even though on demo account. I'd like to make some money like that too, even if it's only virtual money on demo account since it proves that I can trade forex at a certain rate. Yeah, now that I've read all the replies in this topic, I think I should change the title to " How much per month You can't really count profit by day and then multiple it to get the monthly result. Trading forex is unpredictable, you can win today and lose tomorrow. So in the end, you can only tell if you have profit from trading or not in the end of that month. I don't think I stated in my post that I am equating a day's earnings for a lifetime of success. And when you said "some of those you called pro traders might make bigger than yours" - that is exactly my point. And this what I wrote: And you seem to be a pro trader, may I ask, how much have you earned so far from your trading? Anyway, this is the topic of the thread. Maybe you just did not even pay attention to the illustrations. Did i ever mention that it was not possible that boats were forex without the wind in ancient times, or did i not mention "rowers" for boats. You mind explaining how easy it would be to row a boat from Alexandria to Cicily in ancient times. And wait a minute, have you not seen or heard of a selective government seat being vied for by two or more neck-to-neck professionals? Or is it simply not possibly that it can happen? Or maybe if it does an element of luck cannot decide who will be chosen? From my post, did i ever mention that the CT scan was conducted for no reason? Did i not mention "fracture"? You do not need me to tell you it is foolhardy to trade on luck without doing your analysis. Loss is a disaster waiting to happen when you are trading on luck in forex. Let me ask, is it possible to always predict the price movement accurately? Do you use SL or TP? If you do why do you use it? And if you use it, don't you hope that the market does not move in the opposite direction before getting to your target? If you don't, what about those that do? Do you think that they do not make profits? Telling me that there was never a time that you made profits because you were lucky is hypocritical. But, sometimes, you hope that pro traders will be more specific in giving advices and relate real experiences rather than giving general tips. It can also inspire, if pro traders can give ballpark figures of how much they have earned from their trading. No trader can give you a specific advice that what will happen next because Forex is unpredictable market. They can only give you an indication like other indicators sites do. He has been in Forex,as said by him,for last 16 years. That trader should be a millionaire by now in any currency. But I guess, he has lots of money in his account to get that kind of daily earnings. But I think, the record is still what George Soros earned in the s, when he earned a billion dollars in a single day. It also depends upon his mind set that how much risk he takes because the amount of profit is proportional to risk involved. Quite a long time. As for how much I earned I don't predict, my friend. Day in day out, I always place two order, buy and sell, by which each has its own set of scenarios what might happen next. Thus, whatever come, I am ready. I use SL and TP because: I don't predict price movement 2. I don't want to stay glued in front of my pc the whole day long 3. Because if there's one thing I do know about myself, it is that I never know when enough traders enough. So I have to put some limit on it, otherwise it will go overboard. You have to be ready for whatever may come. That's why you should use your time outside trading session to think of any possible scenarios and devise ways to tackle each and every one them. That's what I learned from The Market Wizards, and that's what I do ever since. I don't know about other who do hope during their trading, especially the one who hope for the price to move in opposite of its current move. But I do know that if I hope during my trade, once or twice it may end up profit but, in the long run, it wreck havoc on my trading plan. And yes, for me, I cannot make profit by hoping. Let's say I won once by luck. Can I make a living out of a single trade? If I can't, and if those single trade, if I let it, will ruin the rest of my trades, why should I be grateful for it and be called hypocrit when I don't? Go out and ask any traders in any bank's Treasury Department, does any of them ever trade by luck? Only newbie place a single trade on pedestal. And if you only win by luck once or twice, then you are a newbie if you put them on pedestal. Even if you trade once a day, in a year alone you roughly trade times. To place a once or twice as something decisive, don't you know that trading is about probability? And once or twice while nothing in the long run makes their probability in the trash can instead of on pedestal. So, you want to use luck for your trade, be my guess. But if you want to tell others that luck play a profitable part in your trades, am I wrong to say that luck has nothing to do with my trades? Or do you think everyone should listen to just your opinion and nothing else on the contrary? What do they got out of it? Get used to it, my friends, nobody owes you anything. I think that when you want to do something, you need to work hard and learn about it yourself. Don't think that you can receive much help from others. Whether in forex trading or other mmo ways, nobody would actually do their best to help you just because you ask them too. If you're new to forex, you should join forex forum to learn more about strategy and learn to do analysis from charts and news. Nobody can help professional but yourself. As a trader, small profit is better than loss. But what if the trader is really full time in doing his trading job daily? MAybe there's a possibility that there will be an increase in his earnings daily or let's say profit, if there's really a lot of traders also. There is always an opportunity to trade by daily Time Frame. Thus you just need to open your chart for about 5 minutes every day. On the other hand, depending on your time zone, you can pick Tokyo or London or New York as your starting point, and trade for about 2 or 3 hours. I don't think the question is how much, but simply " How? I would consider myself to be a Professional Forex Trader if my wife and I did not have to work for someone other than ourselves as a result of my consistent profits. I would not owe anyone any money as a result of my consistent profits. I would trade 3 days per week and enjoy life the other four as a result of my consistent profits. I may not own million dollars homes, cars, boats, etc as a result of my consistent profits, but me and everyone associated with me would be very comfortable. There is no dollar amount that can be determined in order to reach such a status, but reaching goals and dreams can certainly qualify one as a professional. I think that in a way, you're quite right. Reaching goals and dreams can also qualify you as a professional. I'd like to live the life that you talked about, it sounds great. Maybe I don't need to earn lot of money, the important thing is that you can trade 3 days per week and enjoy the rest of the week but still have enough money to live comfortably. This time I target to reduce the frequency of loss at first. It depends on the money they have invested if they have dollars they can most likely gain 5 dollars per day. You are absolutely correct. It depends on the money you invested and the lot size you use it. Your money management will determine your profit because it is related to lot size which will value your pip. Mostly if they are professional. It sorely depends on the account balance of the professional. If they have thousands of dollars in their account, then they will make thousands in a day. They make many pips daily, up to pips or more. When I first opened this thread, I just think about the percentage one could make out of his capital. So in forex, the more money you invested, the more profit you can get out it it, right? I've heard about a guys making 10, dollars on more per day. His capital must be big. Thats why they have a chance to double their money in a short time its also a risk they can loose their money in a matter of minutes depending if they have save an issurance if they loose something. This is also the things that i needed to know with regards to forex, but some is not discussing or giving even an estimate when i started a thread about this in some forum. They only gave me an idea, like it will depends on your trade amount and some factor. I'm moderate trader and always think before making profit or even loss. I learned to make consistent and calculated profit. I decided to make 10 PIP per day target. I have to say that it is one moderate target and you should consider that target if you're active trade or even part time trader. For newbies this target is also good. I think professional traders play forex once every week so by then they will be earning more than what we earn in ptp like dollars or more depending on how much they have put on that position. He tell me that his first capital is dollars. I don't have any ideas how many dollars which professional traders could earn from forex trading because it will depend on their capitals. It's the same with a newbie, no matter how large or small they may get, a profit is still a profit. I don't know about you guys but traders shouldn't professional greedy. There's lots of times to trade so why do we need to make more than what we can give in a day? Profits that a forex expert can make depends on many issues and their account balance is one of them. If they are trading with 10, dollars, then they can target a profit level of pips. This will be hundred dollars profits if they use a lot size of 1. I think it's hard to have such a big capital like The more lot size large, the more risk we get. More lot size that we used, it will give more risk but it will give you more profit too. I think the most important is not how many lot size that you used but is it proper lot size if you used that volumes with your current capital in your account. In trading, we used percentages not how many dollars we got. Of course it's risky but if you have the skills, there won't be any risk at all. Every trader needs to have confidence in his trades no matter what happens. Win or lose, it's done. I don't know for sure how many dollars that usually expert traders would get everyday. If they are good enough, I think about 20 pips daily is not big deal by expert traders. Maybe that was possible to earn pips daily because expert traders could use multiple pairs trading so they could take profits from many pairs at once. Traders calculate their profit in percentage and not in dollars. This process can not money but an estimated number of points that earn under a day I think of winning on the day points is very professional in forex and can be doubled up more than once. I think 20 pips is low target and achievable in a day. So there's no limit how much we can earn from here. I would be patrolling around the forum to know more about forex. D Btw, do we need to invest in forex, compulsory? That's a lot man! If dollars from That is a correct one. It is possible because such traders will have to use less risk and good MM. That was possible for expert trader so don't use same standard for beginner traders or traders who still learned to be better trader. That was my opinion. Successful expert traders especially those who have investors under them usually trade with little risks. This is because they do not want to take too much risks in their trades and lose the money of their investors. Such traders set small targets and achieve them. How many pips and how many dollars which can be earned by professional traders will be so custom. That will depend on condition in the market and their style in trading. Professional traders also set their SL in their trades and they are hit sometimes. Some days, they will close in losses and some days they will close how profits. No one is above losing so it is important to note that experts also fail sometimes. So we didn't need too much afraid with our analysis: If he can make on 1 or 2 months, I still believe it. Experts mostly double much triple their trading account balance every month. Depending on how successful they are for the month. Experts traders are full time traders so they try their best to invest a huge amount into their trading accounts. I think the better question would be "How much per day can a professional forex trader can lose? Other than that, I can just say that it really does depend much the person. Forex is about taking risk and making sure that your risk wouldn't go to waste. D So it's all about the guts of that person and how he manages his trading. This are the kind of question that made people slump and loss all of their money. I've been through this question years ago when i started to trade the market. That's when people get burnt. It's up to you though. There is no guarantee, actually, you can always make steady profit on Forex daily. Sometimes, you will make money, and sometimes you will lose money. This is the real fact. Then you count the total in general every month, you can get profit in total or still losing money!! Well it is not rocket science to see that experts cannot earn the same amount of money with different traded amount. So let's just get the fact that when the question was asked, it was to ignite a discussion about a measurable and relative constant, in this case percentage that affects the outcome of trades of different amounts. We ourselves can not accurately claim how much exactly someone can earn basing our answers on those traders of facts. If we would set ourselves to a daily earning checklist for earning, then we'll be able to know how much we're going to earn. Even my words much explain it! I guess I was commenting about 'we can't say how much someone earns if we would base our answers on LUCK. It's not really 'good' or 'bad' luck - it's more about how the currency are flowing, the 'luck' of that person, the mood of that person, etc. But professionally speaking as the forex trader, I'm not really earn on how much even a professional trader can earn. Professional Traders who have been successful in their life, their risk is smaller under the normal trade, and especially investors. Taking too much risk for investors in the transaction, they will not want to lose money. I think it is very different worldview pro trader with a regular trader, they are more clever in strategy, and clever in managing money management, so that the profits which the larger than usual traders but i think they so make some miastake but just small amount compared regular trader. As I know, usually Professional Trader will play safe, it means conservative. And not being greedy to look for big profit. Because this is much safer for them. I forex not know exactly how many professional traders are generated every day, but I'm sure the funds are managed in the trading account in a number of large, and although only 10 percent profit per month, I think value for money is also big enough. Man you are not only good forex trader i guess but an excellent motivator as well! I was really scrolling down and reading post after post to be able to understand forex more since I know nothing about it. Your reply does not teach forex alone but seem to have a more meaningful message in achieving life's goal. Hope to hear more from you pal! I am not so sure as to what and how much can a trader working on forex earn a month. But the trade is expensive, too risky and one can loose the money too, dont forget that. If you know about the trade secrets and how to trade, you could be winner all the way. Expect that they are earning big already from spreads credited from their clients. I want to know that secret but I need to purchase an expensive module for that. Every forex trader uses specific or combination of strategies to gain profits on this investment.

How Much Can You Make Trading Forex?! The Truth.

How Much Can You Make Trading Forex?! The Truth.

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