==== ==== Earn up to thousands of dollars per month. At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin growing your potential earnings in three ways... 1. A free, managed forex account. 2. Sign-up bonuses (up to $100 per person). 3. Monthly commissions ($10/month per person) Sign up today and invite a few friends to watch your launch group and potential earnings start growing. To learn more about launch groups, see how it works. http://tinyurl.com/75va9ox ==== ====
"How much money can I make forex trading?" is a question that I am often asked. After answering that question, the follow-up question often is "Alright but realistically how much money can I make? he answer to the second question is the same as the first. My answer to both questions is "More than you are earning at present." So I agree it would be default to say that to say that if the question was asked by Bill Gates or Warren Buffet! So let me quantify that making a six figure income is achievable no matter what unit of currency you use. How can such claims be made? An explanation is in order so that you will understand the potential of trading the forex market. First of all, let me quote one man who is infinitely more intelligent than me. Albert Einstein. He said "The most powerful force in the universe is compound interest." So start off with, we need to look at the size of the trading account (also referred to as your bank) with the broker that you use. Whatever the size of your bank, the trader should never ever trade more than 5% of the bank. Over time the successful trader will trade at 1% of your bank or even less. On your first day of trading you make a profit based on the strategy you use. That amount is then added to your bank. The following day you again trade 5% of your bank, only now that bank has grown slightly, same again on day three but the bank is slightly larger. In fact you add to your bank every day and hence every day your 5% becomes even bigger. Now lets out a monetary value to this The question to ask is how much is this in real terms. Well the strategy that I follow requires me to make 6 (yes that is six) pips a day and that will increase by bank by 1%. That in itself is not bad and it is achievable. So if you made 1% per day and with a 20 trading-day month, we get 20% growth per month and 240% per year right? Wrong. Do not forget the words of Albert Einstein about compound interest. On day 1 the 1% figure is correct. From day 2 onwards, the 1% growth is not of the original but 101% of the original, the original plus the profit. This increases every day. The net effect is that with a 1% growth of your bank per day would give a return on over 900%. Yes nine hundred percent. Of course if you took money out then that would impact o the growth.
Yes - you read that right - 939.12% per year! So compare that to the amount you could get from your bank account. The 1% daily amount is based on average growth and does take into account loses. In order to achieve these levels of returns, it is absolutely crucial that the trader adopts a successful strategy and adopts a trading not gambling attitude to forex trading. I personally endorse the training that I have received which can be accessed through the page link below.
Kaz Kowalski has been providing specialist project management support on a number of high profile projects in blue chip companies across a variety of industries including Banking, Information Technology and Telecommunications. This experience has proven valuable in evaluating various marketed income streams. He strongly believes that running a Home Forex Business is the most satisfying and profitable means of achieving financial freedom. For information on how he learned to become a successful trader please click on http://www.Home-Forex-Business.com.
Article Source: http://EzineArticles.com/?expert=Kaz_Kowalski
==== ==== Earn up to thousands of dollars per month. At prelaunchX, we help companies launch new products and services. Our current launch partner is code-named Forex Firm X. Before the official launch of Forex Firm X, you can begin growing your potential earnings in three ways... 1. A free, managed forex account. 2. Sign-up bonuses (up to $100 per person). 3. Monthly commissions ($10/month per person) Sign up today and invite a few friends to watch your launch group and potential earnings start growing. To learn more about launch groups, see how it works. http://tinyurl.com/75va9ox ==== ====