I live in a poor country where salaries are very low.. So there's no way that I can have a regular job that lets me save up $50k for trading.. not even $25k. I know that some websites look for good traders that they will let their clients(investors) choose which trader they want to invest in and then the trader gets 15% of the profits and the website gets 5%. I wonder a bit about how difficult or long time it takes to get investors to invest money on you? I know it's very tough to answer without going into lots of details about what ROI you have, drawdown etc but if you have for example traded for half a year and have a ROI of 15% total so far? I'm afraid the serious investors won't consider any trader that don't have at least 2-3 years history. I mean, let's say I get a few investors and I'm now trading a total of $10k .. let's say I make for them 20% annual roi that's $2k annual profit equaling $166 per month and I get 15% of that profit so my monthly income would be just $25 per $10k that is invested in me? So even if I'm trading for $100k total I would just be getting $125 per month which is very little, actually unsurvivable even in my poor country. I would need to be trading for a minimum of half a million usd for these investors before I can support myself. I think maybe I should forget about forex? Because I've been successful at it so far, studied it for 3 months but I've also studied it for about half a year prior to those 3 months and I've gotten good results so far but I don't have any real money to trade with... just enough for minimum deposit on a micro account. Just feels like a shame to give it up after so much hard work. I used to play poker before I began with forex and I was actually able to make $500-$1000 per month and that is quite nice for my country but not great either.. most people make around $400-$500. And the thing about poker is that you don't need much money to make $500 per month. You can earn that from just playing $20 husng's or $25nl (blinds = $0.1/$0.25).. you can even get $500 per month just from $10nl If you put in a lot of hours every single day. I regret a bit stopping to play poker now and thinking of going back to playing poker but it's been a long time since I played poker now so I would have to spend probably 1-2 months getting into the swing of things.
What is forex trading? How does forex trading work? In the forex market, you buy or sell currencies.. Placing a trade in the foreign exchange market is simple. The mechanics of a trade are very similar to those found in other financial markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly. Making money on Forex is easy, and you should be able to do it as long as you think with your head and do not go in blind. With a good Forex broker, a terminal you know, and a viable strategy, you ... You can make money trading forex, but it’s like any skill or profession. It takes time and diligence to succeed. It takes time and diligence to succeed. The trap many traders fall into is thinking this is a get-rich-quick scheme, and if they just follow a simple moving average strategy they’ll make a bucket load of money and be able to sit ... To increase the money available to them, traders often use leverage, which is essentially trading with borrowed money. Compared to other securities types, trades made in the forex markets can be made with incredibly large amounts of leverage, with typical trading systems allowing for 100:1 margin requirements.  While trading a forex pair for two hours during an active time of day it's usually possible to make about five round turn trades (round turn includes entry and exit) using the above parameters. If there are 20 trading days in a month, the trader is making 100 trades, on average, in a month.
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