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What Would It Take To Make $5,000 Month?
Freethefamily
post May 12 2009, 01:27 PM
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I am interested in how much money it would take with reasonable risk
to earn $5,000 a month. I am looking for answers from people with
past experiences.



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Globalprofits
post May 12 2009, 03:14 PM
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QUOTE (Freethefamily @ May 13 2009, 07:27 AM) *
I am interested in how much money it would take with reasonable risk
to earn $5,000 a month. I am looking for answers from people with
past experiences.


Well if you are talking about making it by trading forex then it would take a lot of hard work and time to learn to trade, as for how much money you would have to risk to earn $5k a month, the more the better, if you had 20k to start with you need to make 25% for the month to reach your target but if you had 50k you would only need to make 10% to reach your target, basic maths but it is what it is.

I am making around that figure but it has taken almost 3 years to get to this point and a lot of hard work and study, i am only using a 5k bank at the moment and here are my trading results from an account i set up last week.

Live GoMarket Standard Account

I hope that helps.

GP smile.gif


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pr0moter
post May 14 2009, 02:27 AM
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30000 i think


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LucasWorkshop
post May 15 2009, 07:03 AM
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LOL... I'll have to earn that kind of money first rolleyes.gif


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minnow
post May 20 2009, 09:16 AM
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QUOTE (LucasWorkshop @ May 15 2009, 08:03 AM) *
LOL... I'll have to earn that kind of money first rolleyes.gif

hey Lucus how much $ ya get with Aurum ?

QUOTE (LucasWorkshop @ May 15 2009, 08:03 AM) *
LOL... I'll have to earn that kind of money first rolleyes.gif

hey Lucus how much $ ya get with Aurum ?


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eBulls
post Jun 25 2009, 07:23 AM
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With a reasonable risk to reward ratio and decent win percentage 5k could be achieved monthly with a 15 to 18k initial deposit. As mentioned previously as your deposit grows the effort involved in hitting your 5k goal will lessen, however it is always a good idea to leave a percentage of your profits behind as it will cushion any losses.

This post has been edited by eBulls: Jun 25 2009, 07:23 AM


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Talknet1
post Sep 29 2009, 10:52 PM
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QUOTE (Freethefamily @ May 12 2009, 01:27 PM) *
What Would It Take To Make $5,000 Month?.

You will need $12,000 to $15,000 to earn $5,000 per month because Panamoney pays 30% to 60% profit per month.

Panamoney is registered and licensed company having "managed forex accounts". They have been online and paying for almost 1 year now. Panamoney is legally established and registered in Panama City, Panama and has the license to manage third party funds and to trade on forex.

Investment plans starts from $30 to $20,000 or more.
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getpaid2trade
post Sep 30 2009, 01:59 AM
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Forget Panamoney. They are a ponzi period.

Learn to trade yourself.


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Talknet1
post Sep 30 2009, 03:09 AM
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QUOTE (getpaid2trade @ Sep 30 2009, 01:59 AM) *
Learn to trade yourself.

Everybody does not have the time and knowledge for forex trading. 95% of forex traders suffer losses.

So "managed forex account" is the best and profitable option.
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getpaid2trade
post Sep 30 2009, 03:16 AM
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Well perhaps, but Panamoney does not offer managed accounts, they offer pooled accounts which are illegal under the laws of the jurisdiction in which they are registered as they do not hold the correct licenses to offer such a service.



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forexPro
post Oct 6 2009, 03:56 AM
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Making 5k per month is no easy job man......you really have to be consistent enough to maintain your emotion when trading.....maybe with some forex system to help you out ? =)


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Caesar95
post Oct 21 2009, 09:27 PM
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QUOTE (Talknet1 @ Sep 30 2009, 04:09 AM) *
Everybody does not have the time and knowledge for forex trading. 95% of forex traders suffer losses.

So "managed forex account" is the best and profitable option.


They suffered losses because of lack of education and experience. If you have no time to learn to forex, then don't trade forex at all! And true forex companies don't advertise here on HYIP forum. So cut your bulls**** about managed forex accounts.
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play4profits
post Oct 26 2009, 08:06 AM
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Caveat Emptor! There is a very good chance that you may get screewed if you sign up for a managed account! Several of them may have closer ties with the brokers than you think! I have had 2 of my accounts churned by so called independent account managers!!! (If you don't know what churning is, go here; http://www.sec-nasd-regulations.com/churning.htm.

My advice; Sign up for a broker through Cashback Forex (you will then receive a commission). Then, sign up for a VPS host (Virtual Private Server) where you install your favorite Metatrader EA. Many of the brokers will offer you a VPS free of charge. Set up a different EA on a second VPS host if you want to diversify... thumbup(1).gif

This post has been edited by play4profits: Oct 26 2009, 08:08 AM
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Rhyker
post Oct 30 2009, 10:36 AM
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$5k passive/residual? Or one time? You don't need the 10K's of initial budget. You can start with a minimum balance (of as low as $100) ... however it takes incredibly structured and non emotional trading skills to slowly increase your balance. So ... get a few courses, open a demo platform and start practicing. Once you have a technique that works for you, start trading. It will take a while though, but especially when you are on a budget the skills you acquire will earn you your millions in years to come.

This post has been edited by Rhyker: Oct 31 2009, 03:05 AM


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qibucks
post Oct 30 2009, 05:50 PM
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QUOTE (Freethefamily @ May 12 2009, 02:27 PM) *
I am interested in how much money it would take with reasonable risk
to earn $5,000 a month. I am looking for answers from people with
past experiences.



I have a friend who has invested 12k Canadian dollars and he warns around 3-5k a month trading. He is a day trader but also puts in long trends. He has three years experience as a trader so now he is teaching me. He is a very conservative trader though.


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