how much does an average professional forex trader monthly earning?????
when i was a noob, and (i still considered my self a noob) my highest
earning were apprx. 600%. but when i look back the only real reason i was
able to do this were because my margin (i didn’t have alot of money) so i just went ALL IN many times giving 100pips as range trading follow with the trend and ofcourse i couln’t have done that if i had million dollar account. my question is how much does an average professional forex trader monthly earing?? what number would be considered as “safe” trading? there was an article about making 20%percent monthly with only just a thousand doallr and compound it for 3years
and when u add up.. wow!!!!!! i honestly believe that i can make 20% !!!
problem is however patience… by not getting caught up by greed.. and maintain cool and consistancy. and i think out of everything vey fundamental issue such as money management stop loss, take profit, ratio. are the hardest to do, i experience that winning is easy but losing is harder. it is how u win and how u lose . take bigggg win and take small losses. im still working on this issue
The best advice I could give would be to keep a trade log and journal of all the trades that you make. Look back on them and see why you either made a profit or a loss.
Most of the professional traders I know are looking at things in terms of risk vs reward, not “how much money can I make in this trade”. If you have a solid risk vs reward and money management strategy in place (along with a good trading strategy obviously) then the money will come. It is all relative to how much you have and how much you are willing to risk.
In a trading house I visited in New York, the best trader (and there were some great minds in there), was trading at 68% success. You might look at this and think that none of them had any idea what they were doing, but he knew that his strategy was solid and believed in it.
He also employed a strong money management technique and never look a trade with less than 2:1 on the risk reward.
Think about this situation as a hypothetical. You have a 3:1 risk reward strategy in place – you have a stop loss equal to $100 for each trade.
If you win only 3 of those trades than you have made $900, losing 7 of those trades has a drawdown of $700, hence you have actually made $200 from only winning 30% of the time.
Focus on your strategy, money management and taking trades which are giving you a solid risk reward, and I promise the money will not be a problem
Hope this helps!
Your average earnings will definitely depend on your amount of the deposit, your pair and your strategy. Some people with a huge deposit choose passive trading, they can get only 10% monthly, but that will be enough.
Also I think that’s not appropriate to talk about earnings in $, it’s really better in pips (taking to account your time-frame).