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Forex trading

  • 16-04-2024 8:06pm
    #1
    the O Reilly connection
    Registered Users Posts: 105 ✭✭


    Hi

    I was wondering how much per day can you make safely make Forex trading? I used etoro before but haven't done it in a while. Some articles I have read said that day traders aim at 1-2.5 % a day. I aimed for much higher profits with smaller amounts when I traded.

    Whats your opinion?



Comments

  • #2
    Mach 3
    Registered Users, Registered Users 2 Posts: 234 ✭✭Mach 3


    I suppose it depends on your risk/ reward ratio really, or whatever you are comfortable with in your trade plan.

    Good luck.



  • #3
    the O Reilly connection
    Registered Users Posts: 105 ✭✭the O Reilly connection


    I've checked some trading websites and it looks as though on average 75% of people lose money on those sites.



  • #4
    taratee
    Registered Users, Registered Users 2 Posts: 156 ✭✭taratee


    1-2.5% is nonsense. Crunch the numbers yourself and see.

    https://www.boards.ie/discussion/comment/122061090#Comment_122061090

    That sounds very, very low. I find it very hard to believe that 25% of retail traders are profitable. Guessing that the broker is working those numbers to make the them look better. My understanding is that ~90% of retail traders lose money trading.



  • #5
    Alexander Ozzie
    Registered Users Posts: 12 ✭Alexander Ozzie


    on weekday,not all day are good to trade..

    Choose your correct Session to trade.. if your analysis is good everything should be fine.



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