How much month or year i need to be learn Forex. Confirm you can but if you are new it will work after some days and in this mean time you must learn hard and practice.
And it needs associated investment. How much you earn per day in average? Whatever that number is. Can you specifically do it given, your system, your capital, your risk tolerance and your psychology? There are other ways to earn per day, forex is not graale. But anyway, you should do some efforts in any business to earn that much. The thing that takes time to master is making consistent profits and keeping your account alive and steady ,.
Surely we can't fake time, and it is kinda hard to be consistent and lessen our risk. Yep, you can earn whatever figure you want, but it depends on things like the size of your account and being disciplined at trading your strategy.
The money will come, and is secondary to the process. Focus on the process, not the results. Excuse me, I'm new here but not new to FOREX trading - personally I don't look at number off pips per day or number off dollars per day.
But doing this might involve days where you lose hundreds of dollars as well Yes But more important is do educate yourself first to the pint where you'll be consistent trader in a long term.
If you are comfortable with running some scalps on a volatile pairing, you can do it. My plan is basically run a few scalps a day, and land a nice little 30pip trade per week.
Sometimes it's more, sometimes it's less since the trades just aren't there. The most important thing IMO is patience. You can't force the market to go your way just because you want to make a dollar right now.
Sometimes you'll have to go a few days before finally coming across a trade that looks promising. I'd say it would be best to set a weekly, bi-weekly, or even monthly target. That way if the start of your trading week is slow, you don't get ahead of yourself and start forcing trades. Just be patient, and the trades will come to you. It sounds as if you are trying to find out if you can leave your job and do this full time. It all depends on your strategy,experience level and how much capital you have to invest.
If you have a working strategy, the sky is the limit as to how much money you want to make per day or per year. So, I advise you need to find out a profitable strategy first through learning, researching, testing and etc. I prefer ECN brokers to market markers. Making dollars a day is very possible, but it all depends on many factors such as; the winning percentage and accuracy of your trading plan, your start up capital; you cant start with a capital of dollars and expect to start making dollars daily from the next day, leverage and spread offered by your broker.
Can you earn a bucks a day? That's a weird question. Yes, theorically you could. I think you should focus on trading well, then money will take care of itself.More...