How Much Do Forex Traders Make?

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That Guy in the Aston Martin ... What's He on?

Foreign Exchange Trading has become increasingly popular in recent years, with Professional Fund Managers and Private Investers alike, all taking a slice of this seemingly lucrative pie. It's not uncommon to see reports in the media, of people making tens of thousands of dollars every month, from utilising a range of systems and strategies, but reports can sometimes be exaggerated, and at the end of the day ... who is to be believed?

What follows is an appraisal of the situation in the Forex Trading industry, based on true life testimonials and first hand experience. I'll discuss some of the pitfalls and considerations you must make before embarking on a career in Forex Trading, highlight some of the gains and returns REAL PEOPLE have reported in recent months, and finally offer some tips on where to get the best help and guidance on making that first step into Currencies for Profit.

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Risk & Reward 

Nothing Ventured, Nothing Gained!

This is a no-brainer, but worth repeating over and over ... There are real risks when making any kind of financial investment, and just with any other vehicle, your losses can be minimized, and returns maximized, by doing as much research as possible, and only ever investing what you can afford to lose. Forex Trading is based on percentages, and it stands to reason that you stand to make higher returns, in real terms, with a higher capital outlay. It's therefore very easy to get carried away, and greedy. Try to look beyond the dollar signs, and the promise of financial freedom, and instead imagine the worst-case scenario. Any gains will then be all the sweeter!

Try also to take advantage of "Demo" software, which allows you to hone your skills without risking any of your own hard-earned cash. Whilst this can be a very valuable experience, and a great learning tool, you should bear in mind that your behaviour towards investments may be a tad riskier than if you were playing with real money. Take your virtual returns with a pinch of salt, and remember, there's no substitute for the real thing.

[Image Credit http://www.flickr.com/photos/drosscameron/1079155239/]

Reasonable Returns 

Enough patter ... how much can I expect to make?!

OK, so this is the part you really wanted to see. Investments in real terms will vary depending on the initial amount invested, so I'll speak in percentage terms. It pays to have realistic expectations, and to keep your overall goals in mind. Noone should go into an investment such as Forex Trading expecting to double their money every month (though it is possible), so with that in mind, a healthy return looks to be in the region of 5-10% every month. At the lower end, you'd be making somewhere near 80% on the year, assuming you re-invest your gains. At the top end, compound interest would offer somwehere in the region of 200% on your intitial outlay, over 12 months! Take a look at some of these true life testimonials, for individuals experiences of home Forex trading:

"A friend of mine's been doing it for many many years and makes well over 10% a month - R, Las Vegas"

"I make 15 Pips a day, and have grown my trading account from $5,000 to over $1 million inside 1 year"

"My profit rate is up to 1.3, my profit thus far is 120% and I'll use this method for years to come"

Help is out there 

Where to get the best tuition and guidance on Forex Trading

It pays to get as much helps and guidance as you can, when starting off in Forex, and there are many products, programmes and guides that can help you along the way. This first investment could be the best one you ever make, so to cut through the myryad options available, all over the web, here are my tips for the top 3 products available:




how much do forex traders makeFAP Turbo NOT Only Backtests To The Tune Of 5,000% Profit In 9 Years (Or 48% Per Month)...It Actually Delivers DOUBLE The Profits In Live Trading - 100% Per Month!

Go to the FAP Turbo Site Now




how much do forex traders makeThe Forex Auto Pilot System (FAPS for short) grants you access to your very own - Proven, Auto Pilot No-Guesswork Software with an in-built advisory system and step-by-step blueprints on how to use it - completely removing the 'human error' factor.

Go to the Forex Autopilot Site Now




forex trading softwareThis System is So Easy To Implement, So Quick To Learn ... That It Will Take YOU No More Than 23 Minutes After You Download It To Start Bagging $100, $200, $500, $1000 Trades as Accurately as a Swiss Watch!


Go to the Forex Avenger Site Now

Forex DVD Packages 

Train and Research in Double-Quick Time with these DVD Courses

I actually prefer to most of my strategy research and training via DVD. These titles will get you up to speed in next to no time. Your Forex education never stops, so keep an eye on Amazon and other stores for new Forex training products, from time to time. The market is ever-changing, and if you don't move with the times, you'll miss out on some great opportunities to fine-tune your strategies and trading techniques. How much do Forex Traders make? As much as they're willing to work for!

FXEducator - Forex Trading with Ed Ponsi

Amazon Price: (as of 12/11/2009) Buy Now

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Hi, I'm Hoddo.  When I'm not taking punks out with my .44, I'm making Lenses on Squidoo!  Check them out, and rate them high!

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