how much money can an average forex trader make a month?

Thursday, January 23, 2014 , Posted by Ryanita at 2:00 AM

forex zero sum game
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How much can a forex trader who invests not a whole lot, around beginner level. so about 1000. how much can they realistically make? and is there minimum to begin? pretty curious.


Answer
Forex is a zero-sum game, so for every winner there must be a loser. Experts win, while inexperienced novices like you always lose.

Retail forex trading also has more scams than any part of investing; forex robots, EAs, binary options, etc.

Read the warning link below from the CFTC (Commodity Futures Trading Commission), the US regulator for forex.

How important is programming in economics/finance/stock market?




Clic


I would like to know if programming will be useful in the future in economics/finance/stock market, i'm learning to code i'm only 15 years old but already trade on forex could you give me an explanation thank you ? An which language would be the best ?


Answer
It depends on the job. Almost everyone in the investment world is a good user of computers, but not everyone writes code.

Fundamental analysts typically do most modeling in Excel. Statistical software is also important.

Quantitative investing is where you find serious math, science, and computer skills. Making $millions this way is more common than one of your answerers realizes. Some of the technology I used:

Vision (object oriented TimeSeries language and database)
Far more work on Unix workstations/servers than PCs
C, C++, Java, variety of shell scripting tools
SAS
SQL
Lots of other software tools as needed


And a bit of investment advice. Forex is a terrible market for most investors, and just silly for a novice. There is no long term growth in the market, so it is a zero-sum game where there is a loser for every winner. Institutional investors have huge advantages over individuals like you. Forex also has more scams than any other part of investing (forex robots, EAs, binary options, etc).




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