Forex Trading: How Much Money Can You Make?

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Let’s get straight to the point. People get involved in trading Forex because they want to make money. They see the boastings of other Forex traders and they also want to live the dream of big money, the lazy trader’s lifestyle and the pride that comes from improving your financial status.

The problem is, most people that want to trade Forex don’t 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 have even met a real trader and even fewer have real information about how much money an at home trader can make.

The question is, “Are the claims of big, fast riches you see on the Internet real”? Are the boastings of big, fast profits something real, 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, you’ll find gains like 5%, 15% or maybe 20% a year. These are professional firms getting these type of returns on their investments. So, should you expect 100% gains a month by trading Forex in your free time from your house?

Don’t get me wrong. Forex trading is a great way to make money, if done the right way. You can build tremeneous wealth over time. But you’ll 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, how much money do you have to invest? Then things like the strategy you use, your money management strategy, the size of your stop loss, etc. come into play. Everything together determines how much money you can make.

The first thing you should do is concentrate on percentage gains rather than money earned. If someone makes $103,945 trading a strategy, that does not mean you will do the same 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 is a signals service that provides signals once a day at 5:30 PM New York 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 use the real trade results with 3 different money management strategies. To see realistic expectations from Forex trading, look at the case studies at Set And Forget Currency Signals Service.

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