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

[RahmanSL]

Assuming you achieve a monthly profit of 2% to 3% on an initial investment of $20,000, you could earn an annual profit ranging from $4,800 to $7,200

3% monthly profit on a US$20,000 Trading Account? That works out to:
Total Monthly Trading days: 20
At 3% Profit per Month = 0.15% Daily Profit = US$30.00 per Trading Day.

If you wait for the most popular currency pair, EUR/USD to be at just the right level and enter a 0.20 lot size trade and the trade goes your way, you can easily scalp over US$100 profit without any risk to your trading account. And that might take only a few seconds to accomplish especially if you wait for major news event and enter a trade in the direction of the initial spike.
If anyone is happy & satisfied with US$30 daily profit on a US$20,000 trading account.... well, what can I say... except kudos for you.

As for turning that US$20,000 into US$1m within a year and with regular weekly withdrawals... well... you can try but, in all probability, you will have a much better chance in wiping out that trading account within a month.

 

[RahmanSL]

For those interested, check out these two sites which gives very good advice to Newbies and those who can only start with a small trading account.




There are literally hundreds or even thousands of people out there giving FREE advises on trading the forex (and other instruments) market and it's really up to us to listen, take note of what makes sense, and to apply to our trading style that's best suited for us. Remember that no two Traders trade the same way and what works for one might not work for another. Ultimately, it's up to us to find a system that we understand and most comfortable with.
Cheers and all the best!

 

[RahmanSL]

I have been meaning to post the following to inspire and educate Newbies that they too can be successful in trading the forex market. Like any career, it really depends on how much we like what we do and the desire to be one of the best in our chosen field. Remember, "If we really enjoy what we do for our livelihood, then it's no longer work."

The Top 10 Best Forex Traders in the World: Their Strategies and Success Stories​

The Top 10 Best Forex Traders in the World: Their Strategies and Success Stories – Forex Academy

www.forex.academy

Top 11 Richest Forex Traders and Their Net Worth [for 2024]​

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In this article, we have listed the world's top richest forex traders and the top trading skills shared by them to improve your trading performance.

howtotrade.com

Trading the forex market is most definitely not "Black" and "White", and what works for one Trader might not work for another.