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What is the minimum salary and experience to be able to trade live?

RahmanSL
Feb 26 2015 at 06:08
209 โพสต์
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????😁😀😎
vontogr (togr)
Feb 26 2015 at 12:21
4862 โพสต์
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...
RahmanSL
Feb 26 2015 at 13:05
209 โพสต์
To those who are or have some reasonably good trading experiences:

Seriously, is it that difficult to get usd5-20 daily profits on a usd200-1000 trading account????
Chistopher Robin (ChrisMuzhik)
Feb 26 2015 at 20:13
65 โพสต์
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
davidcraigson
Feb 27 2015 at 07:12
67 โพสต์
RahmanSL
Feb 27 2015 at 07:15
209 โพสต์
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.
Alberto (tamadoga)
Feb 27 2015 at 07:27
2 โพสต์
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...
Carter Benson (LuckyCarter)
Feb 27 2015 at 07:36
13 โพสต์
Strange question. As for me, if you no how to trade you don't need to work somewhere - Forex will pay you salary)
Cholipop
Feb 27 2015 at 10:51
406 โพสต์
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?
wlk1
Mar 02 2015 at 21:06
69 โพสต์
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.
The market will go up, failing which, it will go down.
FXtrader2010
Mar 03 2015 at 06:20
724 โพสต์
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.
https://www.myfxbook.com/members/profix_ea/profix-ea-set1/1123104 anything is possible bro

PS I am trading for a living making more in one day than I used to make in a month when I was 'working'
Cholipop
Mar 03 2015 at 07:42
406 โพสต์
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.
Bob LLewellyn (ForexAssistant)
Mar 04 2015 at 06:21
465 โพสต์
'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.

https://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841

Hope this helps.

Bob
davidcraigson
Mar 21 2015 at 21:12
67 โพสต์
Fully automated huh? That's pretty good.
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