How Much Forex Trader Makes?

by Paul K.
(WI, USA)

How Much Forex Trader Makes?

One of the hottest and most popular forms of trading that you will find these days is forex trading or currency trading. Because of the relatively short amount of time a forex trade lasts, many people consider it a very quick way to make money. However, the real question people want to know, especially those that are considering a career as a currency trader is just how much forex trader makes.

This is an interesting question, and it is sort of difficult to answer with any accuracy. The fact is that the determining factor in how much forex traders make is an experience. For example, a beginner might be lured to the forex market in hopes of striking it rich.

With only a little experience at best, this person makes a trade, and that trade goes south. He or she loses money, and from that experience, they learn, or hopefully they learn what went wrong and what not to do in the future.

However, even for the most experienced trader, losses will still happen. There are times when the currency market is unpredictable. Sometimes the market should go left, and it goes right. Why it does, this is anyone's guess, but it is in part the reason why the currency market can often be so unpredictable.

In terms of the question, how much forex trader makes, it pretty much depends on what trade you are talking about. A part time trader might make around $10,000 or less. An excellent trader with some experience might earn over $100,000 or more per year, and a very experienced trader might make even more. It is important to remember a $10,000 or $30,000 a year trader is always one trade away from a significant bump in pay.

If you are looking to get into the forex market, perhaps in a full-time capacity, and you are wondering how much forex trader makes, the important thing to consider is not the money, but the experience. The more experience you have, the better you will know the market and what makes a good trade and what makes a bad one. With this sort of experience in hand, as far as how much you make, the sky is the limit.