How Much Money Can I Make Forex Day Trading?
See the profit a simple risk controlled forex day trading strategy can produce.
The forex market requires the least amount of capital to start day trading, trades 24 hours a day (during the week) and offers a lot of potential due to the leverage provided by forex brokers. The key question is "How much money can I make forex day trading?" The following scenario shows the potential, using a risk controlled forex day trading strategy.
Forex Day Trading Risk Management.
Every successful forex day trader manages their risk; it is one of, if not the , most crucial elements of profitability.
Keep risk on each trade very small, 1% or less is typical. This means if you have a $3,000 account you shouldn't lose more than $30 on a single trade (see ​Forex Position Sizing). That may seem small, but losses occur, and even a good day trading strategy will see strings of losses. Risk is managed using a stop loss order, which will be discussed in the Scenario sections below.
Forex Day Trading Strategy.
While a strategy has potentially many components and can be analyzed for profitability in various ways, a strategy is often ranked based on its win-rate and reward/risk ratio.
Win-rate is how many trades are won out a given number of trades. Say you win 55 out of 100 trades, your win rate is 55%. While it isn't required, having a win rate above 50% is ideal for most day traders. 55% is acceptable and attainable.
Reward/risk determines how much capital is being risked attain a certain profit.
If a trader loses 10 pips on losing trades but makes 15 on winning trades, they are making more on winners than they are losing on losers. Even if they only win 50% of their trades, they will be profitable. Therefore, making more on winners is also a strategy component many forex day traders strive for.
A higher win-rate means more flexibility with your reward/risk, and a high reward/risk means your win-rate can be lower and you'd still be profitable. For a more thorough discussion on win-rate and reward/risk (also discussed in terms of risk/reward) see: Day Trade Better Using Win Rate and Risk-Reward Ratios.
Scenario: How Much Money Can I Make Forex Day Trading?
Assume a trader has $5,000 in capital, and they have a decent win-rate of 55% on their trades. They risk only 1% of their capital or $50 per trade. This is accomplished by using a stop loss. For this scenario, a stop loss order is placed 5 pips away from the entry price, and a target is placed 8 pips away.
This means that the potential reward on each trade is 1.6 times great than the risk (8/5) -- we want winners to be bigger than losers.
While trading a forex pair for two hours during an active time of day (see: Best Time of Day to Day Trade Forex) it's usually possible to make about five round turn trades (round turn includes an entry and exit) using the above parameters. If there are 20 trading days in a month, the trader is making 100 trades, on average, in a month.
Forex brokers provide leverage up to 50:1 (more in some countries).
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. Risk is still based on the original $5,000; this keeps risked limited to a small portion of the deposited capital.
Forex brokers often don't charge a commission, but rather increase the spread between the bid and offer, thus making it more difficult to day trade profitably. ECN brokers offer a very small spread, making it easier to trade profitably, but they typically charge about $2.5 for every $100,000 traded ($5 round turn).
If day trading a pair like the GBP/USD, we can risk $50 on each trade, and each pip of movement is worth $10 with a standard lot (100,000 worth of currency).
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Therefore we can take a position of one standard lot with a 5 pip stop, which will keep the risk to $50 on the trade. That also means a winning trade is worth $80 (8 pips x $10).
With all that out of the way, letès see how much a forex day trader can make in a month (100 trades).
55 trades were profitable: 55 x $80 = $4,400 45 trades were losers: 45 x ($50) = ($2,250)
Gross profit is $4,400 - $2,250 = $2,150 if no commissions (win rate would likely be lower though)
Net profit is $2,150 - $500 = $1, 650 if using a commission broker (win rate would be like be higher though)
Assuming a net profit of $1,650, the return on the account for the month is 33% ($1,650/$5,000). This may seem very high, and it is a very good return. See Refinements below to see how this return may be affected.
Refinements.
It won't always be possible to find five good day trades a day, especially when the market is moving very slowly for extended periods of time.
Slippage is an inevitable part of trading. It results in a larger loss than expected, even when using a stop loss order. It's common in very fast moving markets. To account for slippage, reduce the net profit by 10% (this is a high estimate for slippage, assuming you avoid holding through major economic data releases) This would reduce the net profit to $1,485 per month.
Adjust scenario above based on your typical stop loss and target, capital, slippage, win rate, position size, and commissions.
How Much Money Can I Make Forex Day Trading? - Final Word.
This simple risk-controlled strategy indicates that with a 55% win rate, and making more on winners than is lost on losers, it's possible to attain returns north of 20% per month forex day trading.
Most traders shouldn't expect to make this much; while it sounds easy, in reality, it's more difficult. Even so, with a decent win rate and reward/risk ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% a month thanks to leverage. Also remember, you don't need much capital to get started, $500 to $1,000 is usually enough.

Make 500 a day forex

by: I-key Benney, CEO.
Begin Forex day trading with an account from FXCM.
Hello, how do you do?
Until now, you may have never known how easy it is to make fast money from forex day trading, because nobody has ever given you the correct information, as I will in this article.
Most people from middle class make their money from investments in real estate, stock trading, bond trading, mutual funds, CDs, auction programs and various internet programs and other small businesses.
They may have never heard about day forex trading, which is where multi-millionaires and billionaires make their money.
Forex day trading is the most profitable and attractive investment opportunity because you can do it from home or office and from any country in the world.
In forex day trading, you don’t need to do any marketing or selling or internet promotion to succeed.
In forex day trading, you don’t need to spend thousands of dollars to do any internet promotion.
In forex day trading, you don’t need any stocks or warehousing.
In forex day trading , all that you’ve to do is open an account with one of the brokers with as little as $300 or $2000.
Then follow simple instructions to buy and sell the currencies.
When the price of the currency is low, you buy.
In a few seconds or minutes, the price will go up, and you sell it and make a profit.
By so doing , in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs!
The more money you put in your forex day trading account, the more money you can make.
You can use $1 to control $200 investment in foreign currencies.
$200 to control $50,000 investment.
And $1000 to control $200,000 cash.
You don’t even have to be stuck sitting behind your computer buying and selling these foreign currencies.
You can enter all your buy trades and specify the sell prices you desire and then log off.
Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money!
If you put $300 in your LIVE "Forex day trading", you can generate a minimum of "$10 in 10 mins." or about "$50" minimum daily, 6 days/wk!
If you put $1000 in your LIVE "Forex day trading", you can generate "$100 in 10 mins." or about "$400" minimum daily, 6 days/wk!!
If you put $10,000 in your LIVE "Forex day trading", you can generate "$300 in 10 mins." or "$1000" minimum daily, 6 days/wk".
If you are very ambitious build your live account to $50,000-$100,000 account, you may possibly rake in $1,000,000 in 1 year!
You can do forex day trading and at the same time keep your day job, because in forex day trading, there is no work to do.
In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing forex day trading forever and go on permanent vacation!
To understand the beauty of forex day trading Picture this:
In the morning, you get up from sleep at 6 am.
You go to your bathroom and have your shower.
At 7am, you hurry and eat your breakfast.
At 7.20 am, you login into your forex day trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).]
You can specify the price at which you wish to sell each currency.
Then you can log off.
By 9 am, you’re at work in your office or business place.
You do your job as usual and by 5 pm, you’re finished and heading home.
When you get back home around 6.30 pm, you login into your forex day trading account to see how much money you’ve made.
Holy Molly, there in your account it says you have made $750!
“Is this for real?”, you wonder.
Yes, it is. (Your eyes are not deceiving you. )
$750 in a day for just clicking your mouse twice and doing no work?
(Whereas at your job, you work 8 hrs, but make only probably $150..)
This is how easy it is to make money from forex day trading.
But before you use real money to open a live forex day trading account, you have to open a free trial (demo) forex day trading account and practice first, to understand how it works and to acquire the right skills.
This free demo (trial) forex day trading account (forex simulation trading) will help you to reduce a lot of risks that can lead to loss.
In forex day trading, you can choose how much money to invest, how much money to make and when to make it.
You can make money daily, 365 days all year from forex day trading.
Your computer can be transformed into a personal, home “ATM” machine that cranks out cash for you daily (without large investment or hassles) from forex day trading.
In forex day trading, you can choose what type of risk you can manage, when to invest and when not to invest.
In forex day trading, you’re the boss. You may do as you please.
When forex day trading is compared to other investment programs such as stock trading, bond trading, mutual funds, real estate and regular business, it is evident that forex day trading is the fastest and greatest way to make money in the world.
Forex day trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined.
These are some of the reasons why I believe that forex trading is the fastest and best way to create fantastic wealth.
Perhaps from reading this article you’ll now come to know why forex day trading is the secret behind the greatest wealth on earth and why it has been kept hidden from the average people of the world and therefore little known to the masses.
May these forex day trading insights open your eyes to the possibility of infinite wealth and success that can be yours from forex day trading.
Please feel free to print or publish this article anywhere and read and also send to your friends and well wishers and please preserve the author’s resource box below.

Beste forex indikatoren.
Gap limits in forex.
Make 500 a day forex.
Please read those as well to get a full grasp of the concepts. Also, trade the one-minute chart with a trend following strategy more on this in a bit.
I use an ECN broker because I can capitalize on short-term opportunities and still manage my risk. Micro lots give you the ability to really fine-tune your position size and risk on a small account. Volatility is always changing, which means how many pips are risked and captured also changes. On a 1-minute chart you can make about 3 to 6 trades within a two to three hour period.
These numbers are meant to show the potential, not the reality. Unfortunately, most traders end up losing. During low volatility we have smaller stop losses and targets, and during high volatility we have bigger stop losses and targets. Leverage is used extensively though. In other words, we are leveraged This style of trading adapts to it, helping to normalize returns in all market conditions.
I have no problem with leverage because each trade has a stop loss on it and I never trade within 5 minutes of news releases. I also only day trade the EURUSD during the late London session or early US session when liquidity is at its peak.
This helps reduce the risk of catastrophe. It is also important to point out though day when you use leverage, you can lose everything, and even more money than you deposited, resulting in a large debt to your broker. When you trade on leverage you are borrowing money to trade. If a big move happens, you may not be able to get out of your position. I set what I want the stop loss and target be in pips and when I enter a trade the stop loss and target are placed at the 500 time.
If I want to adjust the target slightly once in a trade I can drag the order to the price I want, right on the chart. I strongly encourage this type of plugin so risk is 500 as soon as the order goes out, and trades can be made very quickly. It is possible you could end up with a debt to your broker. Also remember that most traders who attempt short-term trading fail at it. This runs counter to the popular belief that you need to risk more to make more…FALSE!
Keep your risk small on each trade, and your profits bigger. Begin building your forex trading forex story. By Cory Mitchell, CMT. MT4 Tips and Tricks: Making MetaTrader 4 Trading and Analysis Easier. You talk about choosing two strategies to become proficient at in the beginning and that is my goal. There are many great strategies day the book that your examples mostly use longer time frames for trading. With the current markets and starting with the day trading strategy in the blueprint, what other strategy would you recommend as a top pick to use for day trading along with the blueprint strategy.
Simple is better as I have a day job and limited time. I am interested in building up a smaller account, so more solid opportunities in the 2-hour time frame would be an objective. The same concepts discussed in the book apply to day trading, but they happen much quicker. This is good because it 500 us to typically find a number of trades within a 2 hour window. Some days we may only find 1 trade, other days we end taking 6 or 7. Did forex read How to Day Trade Forex in 2 Hours: For day trading, all the strategies in the book can help with analysis.
But for the most part I want to see a strong trend, and then I wait for a pullback. I want to see the price move sideways for a couple bars during that pullback. I then either enter during the consolidation more advanced or wait for the price break out of the consolidation in the trending direction like discussed in the book. If there is a nice trend, and the price starts moving in range or chart pattern, I want to buy near support of that pattern if uptrend or short near resistance if downtrend.
Those two concepts will typically produce a few trades a day in the EURUSD. If the EURUSD is really quiet low volatility—like its has been quite a bit recentlythen GBPUSD can be used…. The Tactical Day Trading Cheat Sheet also has some additional info on day trading: Is this theoey right or not?
Also, your profits are off. Calculated commissions are also too high. They would be much lower than that if using an ECN broker, or even no commission if using a no-spread a broker not ideal for day trading.
There is a lot of free information on the website. You make find lots of articles on various topics under the Trading Tutorials menu, and then look in Forex Trading Basics forex Forex Strategies.
You can also check out the Forex Strategies Guide for Day and Swing Traders eBook, which has everything on forex trading compiled and a lot more in one place… https: Can you please explain it, the way you enter trades in meta-trader, the volumes available in my meta trader are from 0. A micro lot is of currency. Forex forex to be a long time ago traded only primarily inblocks, called a standard lot.
A standard lot is 1. So a micro lot is 0. A mini lot is 10, worth of currency, so it is 0. A pip of movement occurs when the fourth decimal place in the price of currency pair moves up or down by 1. So if you buy of currency micro lot each pip of movement will be worth 0. But of course you can take a position of more than one micro lot.
In the example above, 25 micro lots are taken 25, worth of currency…this would be 0. BUT the position size we took is 25, That means our broker is basically going to borrow us 24, to make the trade. This is automatic, and can be done assuming you have at least Metratrader position sizing examples are shown here: It is available here: They are now typically in make 0.
FXCM is one of the mains one. For traders who have enough capital to do that based on the guidelines provided in the articlethen this broker is a viable option. Their spreads on EurUSD are typically in the 0. When the spread is fixed at 2 pips, you could forex up giving up to 4 pips of profit potential away on a trade because you give up 2 pips on the way in, and up to 2 on the way out…sort of. For example, assume the bid day is 1. If a broker had a 0.
It is possible you could get filled at 1. With a fixed spread of 2 pips the offer price would be 1. Forex instead of buying at 1. Now assume the bid price rises to 1. With both brokers you can sell immediately at that price. So there is no difference. The difference is only 2 pips, in this case, not the 4 pips as I said. BUT with a true ECN broker you can post make order at the bid or offer or create your own and get filled at those levels if someone opts to transact with you. You could potentially get filled there, even if the bid price never reaches that level.
With a fixed spread broker, with say a 2 pips spread, the highest price you can sell at is 1. So the fixed spread broker robs you of your opportunity to get filled on the other side of the spread. Even if the spread is 0. So with a fixed spread broker the you are always giving up potential profit on getting in an out. Because the bid is always lower than the offer, and the offer is always higher than the current bid.
The ECN broker allows to buy at the day and sell at the day. While a fixed spread broker will only fill you at the offer if the bid price reaches that point, and will only fill make at the offer if the bid price reaches that point. All a bit confusing, but with the fixed spread broker you are always getting screwed a bit…on both sides.
Someone is getting a better price than you. And likely the person getting a better price is someone using day ECN broker. All that is basically to say, the 4 pips I use in the example is forex bit of a simplification. You would actually have to compare brokers to see how much you are giving up on each trade.
But likely with a 2 pip fixed spread broker, you are actually giving up more than 2 pips, even though on the surface it may seem like that is all you are giving up. So the theoretical difference between an ECN trader and 2 pip fixed spread trader could be up to 4 pips on a single trade, although it could also be a bit lower, depending on how the trader opts to execute their orders.
Hi a great post, thanks. Can you please tell me the trade setup you suggest to apply 500 entry and exit. An article that provides trade setups is mentioned near the start of the article: How to Day Trade Forex In 2 Hours or Less https: It goes more into the strategies. By reducing it to at least 1: I provide this explanation only to show you how things work. I may have missed your explanation of the Could you please just break down the importance of leveraging properly.
In other words we [need to be] leveraged [at least] While you are saving up the money, practice some of make strategies discussed on this site in a demo account. Only forex you are profitable in the demo over several months should you consider trading your real money. HOpefully by that time you will have enough saved up. For day trading, no to the standard account starting with is fine. I much prefer the ECN accounts with lower spreads. With a lower spread it is easier to day money, and typically the lower spread more than makes up for the small commission charge.
That said, it would depend on the broker. IF there is little difference between a standard and ECN account spreads, then it may not make worth worthwhile to get the ECN….
If the difference in the spread works out to day of a savings than the commission, then go with the ECN. I just stumbled on your blog and really like it. I am 500 so much reading your blog. I have a question. A losing trade is 3. This is covered in an article on position make Our stop loss is 3. We are risking 3. This is the same calculation as before, just a different way 500 thinking about it.
Thank you so much for the quick response and great explanation. It definitely help a lot. I will continue to read your blog and might have more questions later as I progress in my Forex journey. Your blog is a huge help! Practice trading in a demo account. To see consistently positive results will likely take several months or more for most people it will take a full year. During that time, continue to save up money. That way when your trading is better you will have more capital to start with.
Can you suggest an FOREX ECN Broker here in the USA? I live in California and wish to benefit from the lower commissions, just as you do with your trading. In the US commissions are higher than outside. FXCM offers ECN trading, and most other US brokers offer commissions and pricing structures that are 500 or slightly worse than FXCM.
FXCM may have 500 slight advantage in that their Trading Station platform is pretty good nicer looking than MT4 and easy to useand you can also use NinjaTrader, which is a good day trading platform. Since the commissions are the same, I would recommend opening a demo account with both brokers and seeing who offers the tightest spread consistently.
I also recommend using about ECN broker for day trading; the smaller the spread and the lower the commission the better. Day trade the EURUSD. Day trade during the London or early US session. Trade the price wave on the one-minute chart. Only trade for two to three hours.
That is more than enough and will typically produce about 4 to day trades. Forex Day Trading with dollars: Quick review of this section: We trade during the London or US session for about two hours on the one-minute chart.
When volatility is low, our stop loss will be a bit smaller, but so will our target our position size will be bigger. Play with these numbers to see how different scenarios and strategies could play out. It takes a lot of practice and time to get to this level. With leverage, it is possible you could experience a catastrophic loss.
For other informative articles, see: May 6, forex Cory Mitchell, CMT says: May 8, at March 28, at February 18, at December 4, at 500 Hi, I have never been a forex trader I just want to get in, kindly tell me where make I start from? November 10, at The reason for make is explained later.
December 8, at December 9, at 500 5, at HiHi Cory How do you get 4 pip for getting in and out if the spread is for example 2 pip. November 3, at November 4, at October 12, make October 7, at Hi Cory, Thank you for the forex notch info.
October 8, at September 13, at June 30, at Would you open a standard account with if there was no commission? May 19, at Hi Cory, I just stumbled on your blog and really like it. How did you come up with the 27 micro lots? Here below what you wrote and I am confused about the 27 micro lots: Hi Henri, This is covered in an article on position size: May 20, at Hi Cory, Thank you so much for the quick response and great explanation.
April 8, at April 4, at The only forex pair I day trade is the EURUSD. That keeps it simple. GBPUSD is also acceptable. March 24, at March 7, at Thank you, and looking forward to your suggestions and advice.
I have no experience with the latter. Commissions are the same for both. Leave a Reply Cancel reply document. Sign Up for Our Free Trading Newsletter. How to Day Trade Stocks In Two Hours or Less Extensive Guide What's the Day Trading Success Rate? The Thorough Answer Why Most Traders Lose Money and Why the Market Requires It Day Much Money Do I Need to Trade Forex?
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What is the key to making $300 per day in forex?
> FX Q&A > What is the key to making $300 per day in forex?
What is the key to making $300 per day in forex?
That’s a good question. For most investors, the forex market represents an opportunity to create a side income. In fact, if done correctly, forex investing can match and exceed your current income. At the $300 – $500 per day mark, you could realize an income of $6,000 – $10,000 per month. That is, over 20 trading days in any given month, you can realize this sort of potential.
But, the big question on everybody’s mind is: how?
the rules of being well-capitalized how risk:reward ratios will affect your outcome the difference between standard, mini and micro accounts how to place stop losses and limits how to control your emotions how to read charts (the technical aspects) and be aware of market conditions (the fundamental aspects)
We’ve written a useful article on this topic, How To Trade Currency and make $5,000 per month part time, which discusses how to make $250 per day. In the end, whether you want to make $250, $300 or $500 – the principles and distinctions are the same.
Good luck with your investing!
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