How Much Can I Make In The Forex? -

I have received some good answers on here about avoiding penny stocks. One suggested I go with trading in the Forex. How much money can I make on a $1,000 dollar trade for one day? Thanks everyone for your help! It s not all doom and gloom. There are many successful retail forex traders out there who do quite well. All of them started with a small trading budget. There are also many sites where you can learn forex for free and practice trading using a demo account, also free. Check out: www.babypips.com www.forex4noobs.com www.forexfactory.com Honestly with $1000 you probably won t be able to do much. It s possible to make money on Forex with just $1000, but the odds are against you. I make money on Forex, but it took me time and I spent much more than $1000 in educational products. Forex is one of the most challenging markets and if you can t commit money and time to it, you ll probably lose. Depends on the currency youre interested on trading. Personally i have invested in the iraqi dinar Right now with $1,000 you can buy aproximately 1,000,000 dinars. If you want more info on this go to http://.www.incestorsiraq.com Good luck. almost all of the money in Forex trading is made by pros. They ll welcome your particiaption -- as they try to take every penny you re willing to risk and then some. 1k USD?? you can lose that in an hour. easily. The successful quot;Turtle Tradersquot; some 20 years ago were trading 4 to 8 contracts in Forex [when they were in], which was about 16k margin at the time and 800k face value of their contracts. [i might misremember these figures.] Nothing. My dad is a very smart man with an MBA and he has made nothing. He went to a meeting with about 4-5 Forex traders and they made nothing. Your chances of succeeding, like any other MLM, is infinitesimal.