Gains 1
By
successfully trading Forex, you may gain
Trading might become a useful additional income, that can be earned from anywhere with an Internet connection at any time of night or day, worldwide, spending a couple of hours per session. Call it an interesting, hobby.
Trading makes an absolutely ideal Home Based Business for the truly dedicated and self motivated, who are capable of working largely on their own with internet and phone based systems, training & help. The ability to understand and communicate at a distance is very necessary.
Trading can be very fulfilling and enjoyable, when you know what you are doing. If you later wish to take trading to its logical conclusion perhaps a whole new career. You may wish to build a personal fund over the next years for your retirement or to put into other forms of managed or self managed investment.
You may choose to devote yourself full time to Forex. You could also gain a much better way to hold foreign currency for purchases abroad which if timed correctly may earn additional income by itself. Your organisation may be able to make foreign transactions on much better terms than offered by your bank.
For the potential terrorist looking to gain funds, I would say don't bother, brokers ask lots of nasty questions and insist on audit trails of your money!
How much money can you earn? This is a question that is hard to answer. It fundamentally depends on the trading style, the time period being traded, the total capital sum being traded, the degree of risk exposure and your attitude and composure under pressure, much of which you know nothing about right now.
Essentially,
the answer is whatever you are looking for ... provided you put in the
learning & effort.
Generally the Forex market moves around a 100 pips per day and will increase
in the future, you may at best capture 10 to 30 pips in conventionally
taught short term Forex trading.
A pip may be worth anything from US$1, to several hundred thousand depending on the size of the trading fund being used, hence this market used to be the preserve of wealthy individuals and big banks until the advent of Internet based trading, Mini Accounts & technology.
I know of one individual who isa world recognised multi billionair self taught investor who made $8 billion dollars in 4 days, but then he has had decades to get it right, has massive funds and knows exactly what he is doing abd I would add, the best advice in the world is at the end of a phone call.
It is very important to consider that trading for consistent profitsover time with minimum exposure to loss is MUCH MORE IMPORTANT than fast buck profits which will always expose you to significant risk of loss.
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