Asked By: Benjamin Gray Date: created: Jan 06 2021

How much do forex traders make a day

Answered By: Harold Reed Date: created: Jan 07 2021

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: Aidan Garcia Date: created: Mar 14 2021

How much should I trade forex for living

Answered By: Isaac Gonzalez Date: created: Mar 15 2021

If you want to day trade forex, I recommend opening an account with at least $2000, preferably $5000 if you want a decent income stream. With a $3000 account, and risking no more than 1% of your account on each trade ($30 or less), you can make $60+ per day.

Asked By: Harold Roberts Date: created: Mar 02 2021

Is trading forex a good idea

Answered By: Nathan Peterson Date: created: Mar 05 2021

Forex is undoubtedly a high-risk market. As the risk is high, so is the potential for Forex profit. If you do decide to trade Forex, you should consider using risk management in your strategy. This helps to minimise the risks associated with trading.

Asked By: Mason Cook Date: created: Mar 13 2021

Do Forex traders make money

Answered By: Sean Ward Date: created: Mar 14 2021

The foreign exchange, or forex market is high risk and sees more than $5 trillion traded daily. Traders have to go through an intermediary such as a forex broker to execute trades. No matter the gains or losses sustained by individual traders, forex brokers make money on commissions and fees, some of them hidden.


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