Making money grow is something that many Internet users aspire to. You might wonder, how much money can you make in forex trading? €100 per month, €500, €1,000? Performance varies from one trader to another.
It will also depend on the size of the capital with which one trades. If we take the rough statistic of 10% monthly profitability, we know this is a completely reasonable and achievable performance.
120% per year in Forex trading?
If we generate an average of 10% profit per month, this gives us a cumulative profit of 120% per year if we do not change the size of our trades from the beginning to the end of the year. Suppose we increase the size of our trades according to the evolution of the capital.
In that case, we practice the compound interest strategy, which can give us a much higher performance of around 314% (10% power 12). Let's make it very simple and imagine a profitability of 10% per month. Let's say you start with €1,000. That would give you €100 profit per month, pretty good, isn't it?
We are not dangling you easy profits and telling you that you will systematically generate 10% profit per month. No, where we are going is Forex trading can allow you to generate this kind of performance if you understand how the market works and how to profit from it.
Just look at our latest range trading video, in which we made $813 profit in the space of a week with a risk of $100 on a capital of $3,200 (or about 3% risk per trade).
Therefore, this performance of $813 represents a gain of 25% of our initial capital! Imagine reproducing the same kind of method, but even with 1% risk, it could give you a gain divided by 3, or 8% profitability, and this in just one week of trading.
Choose a serious forex broker.
Getting into forex trading is an excellent idea if you are thinking of generating additional income on the internet; however, be sure to use the platform of an authorized forex broker, such as the Kowela broker. Note that by practicing trading through an authorized broker with the necessary licenses, you protect your capital against the risks of investment scams and live a pleasant experience in the world of speculation on the financial markets. Make sure to read the Kowela review before deciding if the brokerage is the right match for your trading activity.
Forex trading to diversify your income stream.
One can easily realize the possibilities of return on investment offered by forex trading without setting aside the risk of loss that this activity involves. It is worth trading and trying to earn more money, right? It is possible to start trading from just a few hundred euros, and you can even open a demo account before going real. A demo is excellent for practicing trading before you invest in a real trading account. Therefore you should prioritize the broker who offers this type of service.
