How Much Can You Make From The Forex Market?
When people decide they want to give Forex trading a “try”, finding out how much money they can make is the most important question they want answered. It is not about learning the currency market, or mastering a skill that can change their life. They are only concerned with how much money they can make (with as little effort as possible). And that is fair, since I also got interested in Forex because I wanted to make money.
One of the biggest problems is that marketers know this is exactly what people want. For this reason, they promote products and services with unrealistic results which give people false expectations. This is just setting up new traders for failure and disappointment.
The truth is, you should concern yourself with learning how to trade properly and forget about how much money you are going to make. (But don’t worry, once you master the skills of a pro trader, the money will come rolling in).
The truth is, there are too many factors involved in Forex to accurately predict what your income will be, at least in the beginning. Every trader has different amounts of money they can dedicate to trading, they have different risk tolerances and their skill levels will vary dramatically.
You can only start to “predict” your earnings after you master a Forex trading system and have been trading it consistently and perfectly for a long period of time. And even then, fluctuations in the market make predicting your income exactly impossible.However, the good news is, you can make a very good long term gains from Forex trading even if you are starting out with a modest account size.
By using compounding, you can build up a significant trading account and make good earnings with a moderate percent increase per year. And that really is how you should be looking at the Forex market… as an investment opportunity.For some of you, this might sound like bad news. Moderate earnings over the long term? Sounds boring. But the fact is, it is better to grow wealthy over time and reach your life-changing goals down the road than to throw your money away searching for short term riches.
Edward Lomax is part of the Forex Investing Live Team, dedicated to helping people tap into the true wealth creating opportunity the Forex Market provides. Take the FREE course, Forex Investing Battle Plan and learn how to use the secrets of the established wealthy to ensure your success. ForexInvestingLive.com