How much money is traded in forex daily

1. How much money is traded in forex daily How much money is traded in forex daily Making money through forex trading is quite a slippery thing. People specially the beginners often ask questions like can you make money trading forex and how much do forex traders make a day. But there is no definitive answer to these questions because earning money through forex trading depends on some factors such as how much money the trader is investing, how much risk he is taking, how much time he is spending in forex reviews and how much disciplined and patient he is. Besides it also depends on what type of trader he is. If he is a full time trader, his daily income will be more than that of the one who is a part-time trader. So let’s see the probable daily income of a forex trader. One can obviously make money by trading forex and trade forex for a living. Though it is a hard and tiresome job but it is possible to earn livelihood from forex. To know how much forex traders make a day, one must understand the ratio of loss and profit. When someone is able to find out this ratio, he can know about the expectancy of his profit. This can be expressed through a mathematical formula: E= [1+(W/L)]xP-1 Here, W means the size of average wins L means the size of average loss P means winning rate Let’s clarify this with an example: If someone makes 20 trades where he wins 12 trades and loses 8 trades then the percentage of wining is 12/20=60%. If these 12 trades bring $6000 profits, then average win is $6000/12=$500. And lose is $3200 and average lose is $3200/8=400. Now let’s apply these data into the above formula: E= 1+(500/400)]x0.6-1=0.35 or 35% So this is the trading expectancy of this trader. This means he will get 35 cents return for every dollar. If he trades 100 dollars a day then his daily profit will be 35 dollar. This is the probable amount of how much forex traders can make a day. It is important to remember that this formula works in case of long term trading. However, the above formula isn’t applicable to all situations. How much forex traders make a day also varies according to the time and money he invests? Some people make millions within months and some people lose their capital within few seconds. If someone invests $50000, his daily income will be much higher than that of someone who invests only $500. It should be remembered that with greater capital comes greater risk. But to earn a living in forex, taking risk is mandatory. Moreover, it is also said that the more one makes trades, the more he wins. And the win rate determines whether a trader is successful or not. For example, if a trader wins 55 trades out of 100, his win rate is 55%. It is enough to have a win rate of 50%. If

2. his win rate is 55%, he is indeed a successful trader. So it is necessary to spend a great deal of time and make more trades in order to increase the amount forex traders make a day. It also sometimes depends on luck. So it is almost impossible to calculate the exact amount forex traders make a day. As a result trading forex for a living is a risky enterprise. The question arises whether forex is the best way to be rich. If someone dedicates his full time to trade forex then certainly it is the best possible way to be rich. One can trade forex 24 hours a week. The more time a trader involves in trading, the more profit he will get. Besides, the trader should also have much knowledge about risk management. He must keep the risk on each trade very small. For example, he has an account of $2000, then he should not lose more than $20 on a single trade. If he can minimize lose in this way, he will be a winner in forex trading. If one asks how much money he needs to start day trading, the answer will vary. Forex is a volatile trading platform. The minimum investment also varies from broker to broker. Top forex brokers require minimum $500 investment while some require as low as $100. So a day trader can start trading forex for a living from $100. However, such small investment brings some disadvantages with it. So it is better to start with at least $500. So, trading forex for a living involves various requirements like money, time, patience, market analysis and so on. Depending on these requirements we can only assume how much forex traders make a day but no definite answer can be provided. Most of the forex traders fail to make money through forex trading because lack of analysis and experience. But if one is determined and invests handsome amount of money and time on forex, it is definitely possible to trade in forex for a living.

3. How to trade forex factory news? forex factory news is a thriving business that many forex traders use to keep up with economic events. It doesn’t matter if you’re doing your first trades or if you’re a seasoned professional; you need to keep an eye on news releases. Without doubt, Forex Factory’s economic calendar is by far the best option. However, here’s the thing: If you’re only visiting their website forthat purpose, you’re missing out on a lot of other ways it can improve your trading. So below, we’re going to outline seven excellent ways you can use Forex Factory to become a better trader. Use the jump links to navigate to the points you’re most interested in.