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What is the minimum salary and experience to be able to trade live?
Feb 26, 2015 at 06:08
Any Tom-Dick-and-Harry can open a trading account and trade the forex market with any broker as long as he can deposit some money.....very similar to Casino yah!😁
Here's something for you guys to ponder:
On a usd1,000 trading account, if you make just 0.1% daily profits, that would be usd1 and equals usd260 or 26% a year (based on 260 trading days).
How much does your bank, or any other bank in the world, pays you for your fixed deposit????😁😀😎
Here's something for you guys to ponder:
On a usd1,000 trading account, if you make just 0.1% daily profits, that would be usd1 and equals usd260 or 26% a year (based on 260 trading days).
How much does your bank, or any other bank in the world, pays you for your fixed deposit????😁😀😎
Membro Desde Feb 22, 2011
4573 posts
Feb 26, 2015 at 12:21
RahmanSL posted:
Any Tom-Dick-and-Harry can open a trading account and trade the forex market with any broker as long as he can deposit some money.....very similar to Casino yah!😁
Here's something for you guys to ponder:
On a usd1,000 trading account, if you make just 0.1% daily profits, that would be usd1 and equals usd260 or 26% a year (based on 260 trading days).
How much does your bank, or any other bank in the world, pays you for your fixed deposit????😁😀😎
Good point,
With some trading experience you can target 1% daily profit...
Membro Desde Sep 09, 2014
49 posts
Feb 26, 2015 at 20:13
There are a lot of companies. One of them with $1 min depo, others from $100000. No matter how much you earn, it's important why are your trading on forex. If you just wat to play, feel new emotions - please don't waste your time on it, but if you want to make forex the main source of income so 10k will be enough. But also you need a lot of exp. otherwise you just lose it
There can't be enough money
Membro Desde Jan 22, 2015
57 posts
Feb 27, 2015 at 07:12
Good advice Christopher Robin.
Feb 27, 2015 at 07:15
Well, you can practice on cent trading account to hone your trading skill......in fact, it would be much better to practice on a LIVE cent account than on a Demo because that would condition your brain to practice good money management as you know you dealing with REAL money.
Demo account is FUN as you can trade any amount & lot sizes as it's all virtual/play money, BUT the danger is that you might do the same on your live account and wipe it out in no time.
As I have mentioned earlier, you should have a mindset to treat your trading account an "investment" and, like any other investments, it should give you good returns. And also as in any investments, add in more "spare" money into your account to grow it to a good size trading account whereby you can derive a reasonably good source of additional income.
As I have also mentioned above, with a usd500-1000 trading account, it's really easy to make usd5-20 profits per day which will give you usd1,300-5,200 per trading year (i.e 260 trading days)......in time....over 5-10 years..... you will have a very good size trading account and nest egg....and, of course, you should be easily making usd50-100 daily profits without any sweat.
Just don't be GREEDY and IMPATIENT.....be consistent, focus, and discipline.
Demo account is FUN as you can trade any amount & lot sizes as it's all virtual/play money, BUT the danger is that you might do the same on your live account and wipe it out in no time.
As I have mentioned earlier, you should have a mindset to treat your trading account an "investment" and, like any other investments, it should give you good returns. And also as in any investments, add in more "spare" money into your account to grow it to a good size trading account whereby you can derive a reasonably good source of additional income.
As I have also mentioned above, with a usd500-1000 trading account, it's really easy to make usd5-20 profits per day which will give you usd1,300-5,200 per trading year (i.e 260 trading days)......in time....over 5-10 years..... you will have a very good size trading account and nest egg....and, of course, you should be easily making usd50-100 daily profits without any sweat.
Just don't be GREEDY and IMPATIENT.....be consistent, focus, and discipline.
Feb 27, 2015 at 07:27
serk1 posted:
I have a friend that wants to trade but he doesn't have experience nor does he earn a good salary.
However he wants to apply for a live account and follow what I do.
So my question is if he applies for a live account without any experience and low income would brokers allow him to trade?
Any help or links to explain what I'm asking would be grateful.
Olvídese de ello, no tiene ninguna posibilidad de prosperar...
Rendimiento=Trabajo
Membro Desde Feb 26, 2015
13 posts
Feb 27, 2015 at 07:36
Strange question. As for me, if you no how to trade you don't need to work somewhere - Forex will pay you salary)
Go big or go home!
forex_trader_202879
Membro Desde Aug 07, 2014
378 posts
Feb 27, 2015 at 10:51
tamadoga posted:serk1 posted:
I have a friend that wants to trade but he doesn't have experience nor does he earn a good salary.
However he wants to apply for a live account and follow what I do.
So my question is if he applies for a live account without any experience and low income would brokers allow him to trade?
Any help or links to explain what I'm asking would be grateful.
Olvídese de ello, no tiene ninguna posibilidad de prosperar...
Porque no?
Membro Desde May 20, 2011
694 posts
Mar 03, 2015 at 06:20
(editado Mar 03, 2015 at 06:21)
wlk1 posted:http://www.myfxbook.com/members/profix_ea/profix-ea-set1/1123104 anything is possible bro
I have still yet to see a single account make even 0.1% per day, everyday, 260 trading days a year.
Please let me know when you find one.
PS I am trading for a living making more in one day than I used to make in a month when I was 'working'
forex_trader_202879
Membro Desde Aug 07, 2014
378 posts
Mar 03, 2015 at 07:42
wlk1 posted:
I have still yet to see a single account make even 0.1% per day, everyday, 260 trading days a year.
Please let me know when you find one.
Guys aren't trading for .1% because in most cases .1% of their account value won't cover their over head of even having their computers on. Most of us are aiming for much higher % profit. Even if you were to find someone who avg .1% it doesn't mean that the person will be able to maintain such an avg.
Membro Desde Jun 28, 2011
444 posts
Mar 04, 2015 at 06:21
"I have still yet to see a single account make even 0.1% per day, everyday, 260 trading days a year.
Please let me know when you find one."
Here's one to consider, it is fully automated but you are welcome to know every detail on how it works (No Black-boxes are ever recommended", and can try them on a demo account of your own for as long as you need to.
http://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841
Hope this helps.
Bob
Please let me know when you find one."
Here's one to consider, it is fully automated but you are welcome to know every detail on how it works (No Black-boxes are ever recommended", and can try them on a demo account of your own for as long as you need to.
http://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841
Hope this helps.
Bob
where research touches lives.
Membro Desde Jan 22, 2015
57 posts
Mar 21, 2015 at 21:12
Fully automated huh? That's pretty good.
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