The currency trading market has received a lot of attention over the years due to all the wonderful benefits it has to offer, including accessibility and trading volume in particular. You have no doubt read about or heard of people who are making five, even six figures every month in this market.

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Well, lets look at what it really means to make 5 figures in the fx forex market. So, essentially, what you are really asking is how to double your money, at least as far as the first month goes.

Unfortunately, it is not. And, if you attempt to do this, you will be taking on far too much risk to warrant doing it in the first place.

So, that leaves you with another alternative: In addition, scalpers jump in and out of this market constantly, grabbing 1, 2 even pips at a time and they do this all day long… Their daily pip capture adds up, for sure.

But still, when you look at the highs and lows of a typical day in the major markets, you will see that while the markets do tend to have quite a spread, it still pays to be conservative.

Realistic expectations help you trade better, which preserves your capital in the long run. Needless to say, preserving capital equates to being able to make profits down the road because it keeps you in the game longer.

Trust me on this!

Now, we have to look at risk. In risking 47 pips I.

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At this rate, my entire account would be drained in only 30 trades! You would either need to:.

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And, just to ruffle your feathers a little more… 1. Yes, you read it correctly: Then start using a live trading forex robot. And, just to prove it to yourself take a small amount of capital and try the robot before committing more capital.

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Here are some possibilities: You would either need to: If you're ready to Addriene July 17 at What a joy to find such clear thinking. CURRENCY TRADING ARTICLES Can I make 6 figures trading forex? Is it possible to trade currencies part time and still make a decent amount of income?

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