How much profits do you expect to get back from a USD20,000 trading account?

[RahmanSL]

within a month i expect 500-600 profit if everything goes well and in my favour

US$500-600 profit per month on a US$20,000 trading account?
That's US$23-29 per day (under 0.2%) which is risking almost nothing based on the size of your trading account.
I think you should be able to scalp trade that in under 20 seconds!

 

[ForexWarrior2020]

I think 10% a month is really achievable. Thats 2.5% a week. It'll never be 10% a month consistently due to the unpredictability of the markets but over a year easily have an average of 10% a month

 

[RahmanSL]

I think 10% a month is really achievable. Thats 2.5% a week. It'll never be 10% a month consistently due to the unpredictability of the markets but over a year easily have an average of 10% a month

That depends on your skill level and how much confidence you have with the strategy that you have decided upon that you are most comfortable with.

 

[bigdolly]

With 1% risk per trade and 5 trades a day (if we choose scalping) our max daily gain is more than 500 USD. But it is for initial account size. As it grows our shrinks your stake increases or decreases accordingly in absolute terms.

 

[RahmanSL]

An interesting bit of information:
If you have US$20,000 trading account and you open just one lonely 0.10 lot size "Sell" trade on EUR/TRY, the daily positive swap/interest rate is (for now) USD38.80... and if you hold that position for 1 year, i.e. 365 days, that equates to US$14,162 swap/interest....i.e assuming the Turkish Lira and Euro interest rates does not change in that 1 year.
In 5 years, the positive swap/interest on that one lonely 0.10 lot size "Sell" position becomes US$70,810...and we can be sure your broker will not be very happy for making only one lonely trade in 5 years.

 

[RahmanSL]

To emphasize my point in above post#235, below is a screenshot of a Demo Account started on 23-Feb-2021 with overnight daily rollover swap values as follows:
1) One 0.10 lot size : US$37.87
2) Two 1.00 lot size : US$378.65 x 2 = US$757.30

Total daily positive swap : US$795.17 which, if left to run for 1 year:
365 days x US$795.17 = US$290,237.05 (assuming all interest rates remain the same)
Today Wednesday is treble swap rate which means after rollover, the total swap value tomorrow, 25-Feb-2021, will be US$3,180.68 that is more than current losses of -US$2,414.85, which means there should be a Profit of US$765.83

Interesting prospect; isn't it!

 

[RahmanSL]

Updates on above Demo account on daily swap rates on EUR/TRY.
Treble swap on Wednesday:

1) One 0.10 lot size : US$156.07
2) Two 1.00 lot size : US$1,560.61 x 2 = US$3,121.22
3) Additional one 1.00 lot size:USD1,181,96

Due to increase of positive swap, yesterday's total losses of -US$2,414.85 has been reduced and is now -US$722.40 and in fact should be positive tomorrow.

Interesting isn't it!

 

[perryjohn765]

I will aim for 2-3% on weekly basis and not risking much

within a month i expect 500-600 profit if everything goes well and in my favour

 

[TareqS]

I would say $10000 a year. Though it is never easy. A trader is to be very disciplined as well as skilled of course. I personally would set my goal to earn $10000 per year from a $20000 account and I would be very happy about it if I could make it.

 

[carnelian]

Of course achieving any goal is difficult we can not say exactly how much time will take to get our desired profit target. I do not think it will easy to say this much is possible in a month or in a year. You have to analyze and evaluate your success ratio on monthly basis then you can make a plan for next month according to your capital and skill level.