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ARISTOKRAT LAN
Registered: Apr 2012
Posts: 1 |
04-14-12 08:51 AM
Thanks in advance to everyone who helps.
I have no experience in trading but I'm about to sign up for some FOREX course in Online Trading Academy (O.T.A.) in Tampa, Florida, United States of America and I would like to know how much can I possibly make a day in the FOREX market if I start trading with $2,500 to $3,000?
Does anyone knows how much can I possibly make a day in the FOREX market if I start with $2,500 to $3,000?
A close Idea will help very well, I have no sort of experience when it come to those subjects at all. The Idea of an approximate number would be paramount in helping me making a paragon decision.
Furthermore I can use some reading references from books, online topics, text books and etc.
No B.S. welcome.
Thanks in advance to everyone who helps.
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Traveler
Registered: Apr 2003
Posts: 774 |
04-14-12 09:15 AM
I'll play. A lot if you lever our stake 100:1 and never make any mistakes. But that is so unlikely you might as well go to Vgas.
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Traveler
Registered: Apr 2003
Posts: 774 |
04-14-12 09:18 AM
Now a serious response. You'd be doing well to make 20% annual returns without leverage, so call it 600/252 trading days, so a little over $2/day.
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AK100
Registered: Nov 2004
Posts: 1019 |
04-14-12 09:20 AM
Sorry to dent your hopes but you're -
a) wasting your money with the course you';re about to take - you've been taken in by a marketing organisation (trading just happens to be the product they're selling)
b) Trading doesn't pump out regular profits like a regular job, and
c) The amount of money you're using is too small to make any real profits
As I said in another post if you want to be a successful trader then think of it like being a successful lawyer. To be a successfull lawyer probably takes a minimum of 5 years and in the first few years there's NO money to be made. Most however want it easy, a weekend's course, a few months of practice and then the profits flow like a stream or river.
My advice if you want a chance is to start thinking about a 5 year plan.
PS. As for your question, how much can you expect to make a day off $3,000, you'd be doing very well if you could do a net $5-$10. If you want to make more then go get a job at McDonald's or start washing cars and mowing lawns in your neighborhood.
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EulerFourier
Registered: Feb 2012
Posts: 53 |
04-14-12 10:51 AM
Thing is, he said he doesn't know what he's doing.
I will give you "No B.S.": I can't tell you how much you can expect to make in a day. I can tell you what the end result will be, after somewhere between 1 and 12 weeks: -$3000 . I don't know how many thousands of dollars you are about to pay to that "education academy" but it will be a complete waste. You won't learn anything that will make you a dime.
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EulerFourier
Registered: Feb 2012
Posts: 53 |
04-14-12 11:00 AM
Look, maybe you are young - in which case go to university, earn a math degree with top marks and try to get hired by a trading firm that will give you some real education. Otherwise, be prepared to spend several years wading through the bullshit before you come to realize what trading is about. Then be prepared to spend several more years finding your strategy. Take that $3000 and multiply it by 20 or more and you might have enough to cover expenses and losses on the way and hopefully have a small stake to get going once you know what you're doing.
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