Manalmeena
Private
- Messages
- 40
It is all individual, but all in all, you've got to have pretty much on your trading account so that it will be able to provide your living.
It depends on many different factors such as your abilities to trade, the amount of money that you want to receive through the trading on the regular basis, your risk profile and so on.
Perhaps, the most important thing is how well you trade. If you have huge experience behind your back or you have some goof knowledge about the economics, then you'll be able to earn more trading less. However, judging by your question, I assume that you are relatively new to trading, that is why making this kind of activity the main source of your income is not a good idea. You have to learn and practise a lot before you'll will be able to trade efficiently, so that your financial position will never be at risk.
Your risk profile is also very important. Usually, the more risks you take, the bigger potential profit you have. However, whis profit is only potential and if you want to make it real, you need to control your emotions and make logical weighted decisions. Otherwise, you are more likely to lose the money rather than earn it.
Finally, it depends on the amount of money you need for your living. In most of the cases traders can make about 2-5% profits every month. Of course, they can be bigger, but I am talking about the average trading results following risk and money management. So, you can calculate on your own how much money you need in order to make trading bring you the profits making you free from working in the office from 9 to 5.
It depends on many different factors such as your abilities to trade, the amount of money that you want to receive through the trading on the regular basis, your risk profile and so on.
Perhaps, the most important thing is how well you trade. If you have huge experience behind your back or you have some goof knowledge about the economics, then you'll be able to earn more trading less. However, judging by your question, I assume that you are relatively new to trading, that is why making this kind of activity the main source of your income is not a good idea. You have to learn and practise a lot before you'll will be able to trade efficiently, so that your financial position will never be at risk.
Your risk profile is also very important. Usually, the more risks you take, the bigger potential profit you have. However, whis profit is only potential and if you want to make it real, you need to control your emotions and make logical weighted decisions. Otherwise, you are more likely to lose the money rather than earn it.
Finally, it depends on the amount of money you need for your living. In most of the cases traders can make about 2-5% profits every month. Of course, they can be bigger, but I am talking about the average trading results following risk and money management. So, you can calculate on your own how much money you need in order to make trading bring you the profits making you free from working in the office from 9 to 5.