Forex Trading: How Much Money Can You Make?

I dont want to beat around the bush. People get involved in trading Forex because they want to make money. They see the claims other Forex traders are making and they also want to live the dream of huge profits, the rich life and the security that comes with a big bank account.

The problem is, most people that want to trade Forex dont have any real life experience with Forex traders. They learn about Forex from the Internet or something they seen in a magazine or books. The truth is, very few people know any real traders and even fewer have real information about how much money an at home trader can make.

The question you should be asking, Are the claims of big, fast riches you see on the Internet real? Are the boastings of big, quick profits a reality, or some kind of marketing trick? If you start your Forex journey based on unfounded and padded results, you are setting yourself up for failure. The only way to succeed is to align your expectations with realistic, achievable goals.

If you do some investigation on the Internet and look for yearly percentage gains of other investment vehicles like hedge funds, the S&P 500 or mutual funds, youll find numbers like 5%, 15% or maybe 20% a year. These are professional firms getting these type of returns on their investments. So, is it reasonable to expect 100% gains a month by trading Forex in your spare time from your house?

I want to be clear. Forex trading is a excellent way to make money, if done properly. You can build great wealth over time. But youll never make any money by jumping from one method to another looking for unrealistic returns.

The amount of profits from Forex trading depends on a lot of factors. First of all, what is the starting balance of your trading account? Then things like the trading system you use, your risk management strategy, the stop loss size, etc. come into play. Everything together determines the profitability of your trading.

The first thing you should do is concentrate on percentage gains rather than money earned. If someone claims making $103,945 trading a strategy, that does not mean you are going to make the same amount with a $500 starting balance. However, if the strategy makes 8% average gains, you can determine how much money that would be with your starting balance.

Set And Forget Forex Signals Service is a signals service that provides signals once a day at the same time. This makes it very easy for the followers of the signals to duplicate the results of the signals. Instead of making specific claims of how much money you can make, they have provided some case studies showing what the signals would have made using 3 different money management strategies. To see realistic expectations from Forex trading, I suggest you take a look at Set And Forget Forex Signals Service.