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July 29 2013

How much money should you have in your FOREX acount in order to earn an income?

FAQ: How much money should you have in your FOREX acount in order to earn an income?

I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $ 1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there?

Answer:

Earning a living with Forex is dependent on three factors. First, your starting account balance. Second, your actual performance level. And third, your living requirements.

If you are opening an account with $ 500…the answer is no…you will not be able to make a living at Forex. Even $ 1000, $ 5000, $ 10,000 or $ 25,000 would not be enough of an initial account size to make a comfortable living in the Forex market.

The next area of importance is your skill as a Forex trader or the effectiveness of the strategy that you follow. If you are a 50/50 trader and win on half of your trades and lose the other half you cannot make a living at Forex. If you have the time, the patience, the discipline and the knowledge to make at least 20 pips in 4 out of 5 days of daily trading you may have a good shot at making a living from the Forex market.

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

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May 24 2013

FAQ: How much safer is stock trading compared to forex trading?

FAQ: How much safer is stock trading compared to forex trading?

im convinced that forex is pretty much gambling. its too risky. are stocks any better?

www.goldsenze.com Answer:

If you pick reasonable stocks, you can possibly lose 30%-50% if the market goes into a dive again over a several month period.

If you trade on forex, you can lose all your money within minutes on one bad decision..

Related posts:

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  3. Q: Which of these 2 types of trading are you most likely to win at; Forex or stock trading?
  4. Q&A: The Forex Trading Tips I Must Know Before Trading The Forex Market?
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