To answer this question, you need to know how much you are aiming for in terms of average monthly income and what is your average monthly return from forex trading. Assuming that you are aiming for 3000usd and your average return on a monthly basis is 5%, you will need to have a capital of $60,000 to work with.
However, the issue is that many traders have difficulties raising a capital of $60,000, hence they may not hit an average monthly income of 3,000usd. In addition, the issue is further aggravated if the trader has an average monthly return of less than 5%. To maintain your average monthly income of 3000usd, you either raise your capital or your monthly rate of return, both proposals are equally hard.
If you wish to be a full-time trader, please include these factors in consideration before you make a decision. Life is already hard, don't make it harder. I am not asking you to stop your dream of becoming a trader, i am merely asking you to plan properly and be realistic with expectations.
If you wish to be a full-time trader, please include these factors in consideration before you make a decision. Life is already hard, don't make it harder. I am not asking you to stop your dream of becoming a trader, i am merely asking you to plan properly and be realistic with expectations.
