الخميس، 6 سبتمبر، 2012

How Much do Currency Traders Make?

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Question: How Much do Currency Traders Make?
Answer:
Currency traders are a bit of a rare breed. What they make can vary widely depending on what type of trader they are and how much experience they have.
In general, how much money you make depends on what currencies you trade, what leverage you use, and how much capital you have.
Here is how your earnings are affected:
First: How much money you have
Forex is fairly risky, whether you are trading high or low risk, the amount of trading you can do will always depend on how much money you have to trade with.
Second: How much leverage you use
In forex trading, brokers offer leverage, which basically means you can put on trades for more than you have. Might be a good thing, or might be a bad thing, but either way, it affects your trading. If you like to take heavy risks you can see heavy account fluctuations in the positive or negative.
Third: What kind of currencies you trade
Some currencies are slow movers. They are good for beginners, or large traders. Obviously, if you are trading fast moving currencies it can make a big difference in what you make.
What you make is up to you, but the currency market is risky, and it's not for everyone. It takes a trader that can take an honest look at themselves and learn from their mistakes.
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