Broker stats show that majority of accounts, ~70+%, lose money. I wonder how much the rest earn, if they're just about breaking even or earn really small amounts. I understand there will be bell-curve and I wonder what would be the middle of the earning bell curve look like - what percentage on average the winning accounts earn each month.
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I just earned my first $20 dollars doing forex on my very first trade
I speculated that Norwegian kronor would rise relative to Swedish kronor and put $1000 in. Today when I checked, I had made $20 dollars. It ain't much at all, but it being my first test made me quite happy.
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In the U.S., forex brokers provide leverage up to 50:1 on major currency pairs. For this example, assume the trader is using 30:1 leverage, as usually that is more than enough leverage for forex day traders. Since the trader has $5,000, and leverage is 30:1, the trader is able to take positions worth up to $150,000. Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $6.6 trillion.Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. "Forex" is a shorthand way of referring to the foreign currency exchange. It's the market where currencies from different countries are traded. Investors trade in forex for the same reason that they trade in any other market: because they believe that the value of certain currencies will go up or down over time. Spend some time reading up on how forex trading works, making forex trades, active forex trading times, and managing risk, for starters. As you may learn over time, nothing beats experience, and if you want to learn forex trading, experience is the best teacher. Our Forex forum gives Forex traders an opportunity to get and share FX-related information and communicate with other currency traders.
Here's why you'll NEVER make money in Forex. The Forex ...
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