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Capital Forex: How Much Can You Make Trading Forex?

Any newbie trader who is stepping into the world of forex trading probably always has one question in mind – ‘How much can I earn while trading forex?’ Well, it’s quite natural for someone to have this question in the first place because if you do decide to devote your precious time to something, it must also reap significant results. Even though trading forex is very attractive, beginners suffer from uncertainty because of the vast amount of knowledge that is available in the form of jargon. And when it comes to the earnings of a novice trader, it isn’t easy to get an accurate estimate. So, here, in this article, we will answer some of your questions related to what is the earning potential of a forex trader. 

How Much Do Forex Traders Make?

Firstly, you need to get one thing straight – there is no shame in wanting to know how much an FX trader makes – curiosity is entirely natural and, to some extent – expected. But before we begin, we request you to forget whatever you think you know regarding the earnings of a forex trader. 

Have you ever been in a situation where a person has tried to convince you that their trading system has been consistently fetching them at least 10% profit every month? Or, even 30 or 40% gain every month? Well, I am guessing you already have heard these things, and it’s time for you to understand that forex trading, or even trading for that matter, brings no certainties. There are only probabilities and possibilities but no guarantees. It doesn’t depend on how good a trader you are or how long you have been in the industry – no one can guarantee to make 10, 20, or even 30% profit consistently every month. 

There will be some months that are great, and then there will also be some low points. Your job is to try and sustain your good month as long as you can, but there will come the point where you will experience a loss. However, the trick is not to let that one loss bring you down. Sustaining a high goal for an extended period of time is never a realistic goal, and you should never try to chase it. Trading needs discipline, and it is a slow process. Here, your wealth will increase with time, and you have to be patient. If you expect to have humongous profits without associating yourself with risks, you are in the wrong place. Successful traders always focus on the process first and then on the gain. Once you become a pro at trading, you will never have to worry about how much you are earning in a day because you will be making a steady income. 

Conclusion

It doesn’t matter how much money you have now. Do you know Bill Lipschutz? He is one of the most successful forex traders of all time; he started with only $12,000, and today he has millions of dollars. But that did not happen overnight. It’s true that 90% of the traders who come into this market lose their capital, but if you don’t want to fall into that 90% bracket, you have to do things differently. And what is that? You have to do your research, understand the fundamentals, test your strategies using a demo account, and then trade using real money. Never overleverage or overtrade because that is the biggest mistake you will make. Start small and proceed slowly.

You have to learn to think long-term. Never think of singular trades because that will only lead to revenge trading. Just like the most successful traders in the world, you too can grow your small account into a fortune, but it’s not going to happen in a week or even a month – it will take years, and you have to be ready to put in that effort.

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Saqib is an established technical expert with 10+ years of background in Web Development and Digital Marketing. His passion for helping people in all aspects of online marketing flows through in the expert industry coverage he provides. He plans to take Clout News forward with the consistent support from you readers, friends and family! You can contact him at realsaqibmalik@gmail.com or Saqib@CloutNews.com