pip of movement in the forex market results in a10 gain/loss if you trade a standard lot (100,000 in currency). Your income potential is also determined by your personality (are you disciplined and patient?) and the strategies you use. A person who refers someone gains a substantial reward. Maintain discipline, keep your wins slightly bigger than your losses, and strive to win 50 of your trades. As indicated in the first paragraph, most traders fail. Commissions with a good ECN broker will run between.2 and.5 for each round trip trade per mini lot. Im not saying its impossible to make 25 or more in a month. Thats because losing 1 or 2 on a trade does not sting nearly as much as losing 5, 10, etc. As I will show, even with keeping risk low (1 or less per trade) you can potentially earn high returns. Instead of asking yourself, How much can I make per month as a Forex trader?
Forex Market is Ever-Changing. You probably didnt test long enough, started trading your hard earned money, lost a bunch of it, blamed the trading system you were using, and moved on to the next system. In the USA you must have at least 25,000 in your day trading account, otherwise you cant trade (see: How Much Money Do I Need to Become a Day Trader ). As of right now, there are three profitable trading systems reviewed on this website that I have personally traded and recommend.
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Your commission costs are: 100 trades x 5 x 2 contracts 1000. How much time you put into your trading education. Assume your strategy limits risk to 6 pips, you attempt to make 9 pips on winners (on average) and you have a 5,000 account. If youve been trading for a year or two, the truth is that youve probably already traded a few profitable trading systems. If it were possible we would all be doing. Each pip with a mini lot (10,000 in currency) is worth. This clearly shows that there is absolutely no limit as to how much money you can earn with the forex affiliate programs.
The answer is everything and then some depending on you heavily you are leveraged.
Forex trading provides you leverage and holds risk.
There are many other option IQ Option provides like Crypto, digital, Binary.
Firstly, you should decide that you really want to invest in Forex or other vehicles.
Or options provided by the broker.
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