I live in a poor country where salaries are very low.. So there's no way that I can have a regular job that lets me save up $50k for trading.. not even $25k. I know that some websites look for good traders that they will let their clients(investors) choose which trader they want to invest in and then the trader gets 15% of the profits and the website gets 5%. I wonder a bit about how difficult or long time it takes to get investors to invest money on you? I know it's very tough to answer without going into lots of details about what ROI you have, drawdown etc but if you have for example traded for half a year and have a ROI of 15% total so far? I'm afraid the serious investors won't consider any trader that don't have at least 2-3 years history. I mean, let's say I get a few investors and I'm now trading a total of $10k .. let's say I make for them 20% annual roi that's $2k annual profit equaling $166 per month and I get 15% of that profit so my monthly income would be just $25 per $10k that is invested in me? So even if I'm trading for $100k total I would just be getting $125 per month which is very little, actually unsurvivable even in my poor country. I would need to be trading for a minimum of half a million usd for these investors before I can support myself. I think maybe I should forget about forex? Because I've been successful at it so far, studied it for 3 months but I've also studied it for about half a year prior to those 3 months and I've gotten good results so far but I don't have any real money to trade with... just enough for minimum deposit on a micro account. Just feels like a shame to give it up after so much hard work. I used to play poker before I began with forex and I was actually able to make $500-$1000 per month and that is quite nice for my country but not great either.. most people make around $400-$500. And the thing about poker is that you don't need much money to make $500 per month. You can earn that from just playing $20 husng's or $25nl (blinds = $0.1/$0.25).. you can even get $500 per month just from $10nl If you put in a lot of hours every single day. I regret a bit stopping to play poker now and thinking of going back to playing poker but it's been a long time since I played poker now so I would have to spend probably 1-2 months getting into the swing of things.
The two keys to making money trading are leverage and compounding which will help you making money in Forex trading. In the end, the more trading skills you acquire, and the more discipline you exercise, the more money you’ll make. Remember, trading is not a “one size fits all” scenario, but hard work and dedication will ultimately pay off. To increase the money available to them, traders often use leverage, which is essentially trading with borrowed money. Compared to other securities types, trades made in the forex markets can be made with incredibly large amounts of leverage, with typical trading systems allowing for 100:1 margin requirements.  Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... You can make money trading forex, but it’s like any skill or profession. It takes time and diligence to succeed. It takes time and diligence to succeed. The trap many traders fall into is thinking this is a get-rich-quick scheme, and if they just follow a simple moving average strategy they’ll make a bucket load of money and be able to sit ... ForexSchoolOnline.com helps individual traders learn how to trade the Forex market. We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey
How to make money trading forex . A clear presentation on ...
This video is for those who are interested in trading & investing in forex. The best way to contact me is through my social media listed in the video if you ... I Tried Forex Day Trading for a Week (Complete Beginner) Zero to Making $100k Per Month at 18 My Story: https://www.youtube.com/watch?v=S4XpoPsy8sc Justin'... Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... Make Money Day Trading The Forex Market 500 USD Profit Daily How To Forex Trade - Free Video Training CLICK HERE: https://tradeforexsecrets.com Click HERE ... This is a recorded class , you will learn from this video what forex trading is all about and how you can make good money from forex trading