Asked By: Wallace Wilson Date: created: Dec 24 2020

How much do forex traders make a day

Answered By: Brian Clark Date: created: Dec 24 2020

For example, with an average five-pip profit and 10 trades per day with a micro lot of $1,000, the trader will make $5 (Note: this is an estimate and will depend on the currency pair traded). This does not seem significant in monetary terms, but a 0.5% return on a $1,000 account in a single day is notable.

Asked By: Joshua Murphy Date: created: Sep 11 2020

Who is the richest forex trader in the world

Answered By: Carlos Gonzalez Date: created: Sep 11 2020

Forex Rich List 6 Wealthiest Traders in the World

  • George Soros. More popularly known as the “Man Who Broke the Bank of England” for his large pound short position during the 1992 Black Wednesday UK crisis, George Soros is also one of the 30 richest people in the world.
  • Martin Schwartz.
  • Stanley Druckenmiller.
  • Alexander Elder.
  • Lawrence Hite.
  • Jack D.
Asked By: Gabriel Smith Date: created: Oct 25 2020

What are the chances of making money in Forex

Answered By: Justin Powell Date: created: Oct 26 2020

If you want to be a trader who simply makes 1 times risk on each trade, you have to win 66% of time with a risk reward of 1:1, 50% of the time with a 1:2 risk reward, and with a 1:3 risk reward your winning percentage can be as low as 33% to make a 1R profit.

Asked By: Alejandro Rivera Date: created: Sep 28 2020

Is Forex a Good Investment

Answered By: Jayden Jackson Date: created: Sep 29 2020

Forex can be a very good investment compared to stocks. The advantage of a forex investment is that the trader is using leverage. For investors, Forex is a good way to make a nice ROI, but it can also take risks with it. As always, finding good account managers is very important.

Asked By: Reginald Simmons Date: created: May 20 2021

Is Forex trading just gambling

Answered By: Clifford Simmons Date: created: May 23 2021

Is Forex Trading Essentially Just Gambling? Forex trading is considered by many to be nothing more than gambling. After all whenever you take a position in a particular currency pair, you are essentially betting on the price to either go up or down by taking a long or short position.

Asked By: Thomas Carter Date: created: Oct 11 2020

Is day trading illegal

Answered By: Thomas Simmons Date: created: Oct 12 2020

While day trading is neither illegal nor is it unethical, it can be highly risky. Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring.

Asked By: Albert Harris Date: created: Jun 18 2020

Who will be the first trillionaire

Answered By: Blake Simmons Date: created: Jun 18 2020

Billionaire philanthropist could enter an unprecedented class of wealth within the next 25 years, a report from Oxfam suggests. Bill Gates may be $915.6 billion away from becoming the world’s first trillionaire, but new research suggests he’s closer than some might think.

Asked By: Jesus Torres Date: created: Jun 25 2020

Can you be a millionaire trading forex

Answered By: Oscar Lee Date: created: Jun 26 2020

Forex trading is not a full-time job. You should already have an income to become able to invest in the currency market. You can’t become a millionaire Forex trader without a good income and backup. Turning a small $5000 account into a million dollar account is possible theoretically.

Asked By: Adrian Garcia Date: created: Feb 15 2021

Can I get rich trading forex

Answered By: Diego Torres Date: created: Feb 15 2021

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury. But first, the stats.


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