How Much Money Can be Made Trading Forex?

Updated: Mar 22

The most common question from people who never heard of Forex trading before is - "So, how much money can I make if I start this Forex trading?"



Here’s what I can tell you


Well, I've got two answers to that question, the first that comes to my mind is " How can I know?. Saying “I don’t know” when you don’t, in fact, know the answer to a question should be ok. It should tell people you’re a straight shooter—not someone who fudges an answer when you’re unsure.


Let’s be honest, in many situations, it just doesn’t sound good—and can make you come across as inexperienced, unprofessional and unprepared.


Sometimes, you don’t know the answer to a question because there’s no earthly way you could. It can be incredibly frustrating when you know all of the information to this question—and yet you find yourself saying, “I don’t know”.




Compounding


Let's take a closer look on what's achievable by compounding your money. Compounding is the process in which an asset's earnings, from capital gains, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will generate earnings from both its initial principal and the accumulated earnings from preceding periods. You should be amazed by the results




Achieving your Goals


The second answer to this question is "It's up to you". Our team here at Chartify will do our absolute best to guide you, but in the end... it's up to you.


So, how do we go from simply saying we want something, to actually following through and achieving anything we put our minds to?


You see, without a fixed goal, you’re heading in a million directions at once. As the saying goes, "a man who chases two rabbits catches none".


How can you go about accomplishing a goal that you’ve always wanted to accomplish? Well, in the past, if you’ve set some goals and you didn’t follow through, there’s a reason for that. There’s a reason that we throw up our hands in silent resignation. Most of us simply want something and we want it now; we don’t want to have to work tirelessly for it.


If you’re anything like the typical human, then you have dreams and goals in your life. In fact, there are probably many things — large and small — that you would like to accomplish. But let's save goal setting for an other article. If you like to join us you can learn more here.


Happy Trading!