Does anyone knows how much can I possibly make a day in the FOREX market with $3,000?

4pipsSake said:
Good advice , I hope he listens.
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Wrong tense: it was 4 years ago.

The OP, predictably enough for someone who was planning to start trading with $3,000 and no experience or knowledge, by taking an "Online Trading Academy" course, made that one post only and then disappeared. His profile is "no longer available".
 
Xela said:
Wrong tense: it was 4 years ago.

The OP, predictably enough for someone who was planning to start trading with $3,000 and no experience or knowledge, by taking an "Online Trading Academy" course, made that one post only and then disappeared. His profile is "no longer available".
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Perhaps he's gone broke.
 
$3000 is enough as long as you have required skills...
it has to be minimum 1 year with demo, and this is also a good time to study the price action and other technical tools;
then followed by real account - with which you will find out the difference between real and demo - and the difference involves the psychological issues as well as the marginal calls;
then followed by incorporating the risk management as well as diversification (into your strategy) - the knowledge you presumably have learned from the finance papers at your University .
then I guess the $3000 is enough
 
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ARISTOKRAT LAN said:
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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Well as a rule of thumb you can set 1% of profit/loss from your deposit it is $30 per trade. Appropriate lot size for this bet is 0.1 lot (30 pips per trade-spread).
 
My guess is that you prone to lose much more in a trade than you're able to make in a month. Impressive, Isn't it ?
 
doggyfx said:
So that's why 99% of retail forex traders lose? here is the solution :)
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Yes. IMHO most losers are fragile.
Which is a left (Negative) tailed return's distribution.
At best, Lots of small gains and few but fatal / enormous losses.
 
K-Pia said:
Lots of small gains and few but fatal / enormous losses.
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I think this scenario is probably much more common than many people realise.

A lot of people who don't have a particularly clear understanding of statistics and probability "feel safer" having a high win-rate, and are willing, during their self-education process, only to conceptualise their aspirations in terms of methods with high win-rates. I don't suggest that it's impossible for that approach ever to work, of course, but it's clearly one which hinders many people, and it significantly limits the perspective of the picture they're looking at.

Nobody was born with an understanding of probability and statistics, and some people (especially in collusion with others, for instance in places like "forums") fool themselves into believing that acquiring some understanding of it "isn't really necessary" and that its deficiency "won't really matter". For most them, of course, it will matter very much indeed.

But there you go - most people don't really want to learn how to trade, even when they say they do. Most people want to have learned how to trade: they want the outcome without the process.
 
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