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How Much To Invest To Make A $10,000 A Month?
alochet
post Jun 7 2006, 05:20 PM
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Hello y'all

I want to start trading forex with real money, and I was hoping you guys can give me some input on this.

I want to make about 10 grand a month, and I predict I will make about 500 pips a month.

What type of account would you guys recommend? A mini account or regular?

How much would I have to invest for either accounts to make that much a month?

Thanks
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spacechimp
post Jun 7 2006, 06:01 PM
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QUOTE(alochet @ Jun 7 2006, 05:20 PM) [snapback]2263408[/snapback]

Hello y'all

I want to start trading forex with real money, and I was hoping you guys can give me some input on this.

I want to make about 10 grand a month, and I predict I will make about 500 pips a month.

What type of account would you guys recommend? A mini account or regular?

How much would I have to invest for either accounts to make that much a month?

Thanks


Umm blink.gif
just do the math...if u can predict 500 pips a month, then u should know enough about forex to figure how many dollars per pip you get for each lot.

i don't get it shocking.gif


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fxinvestmentpool...
post Jun 7 2006, 09:24 PM
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Depends how big his pips are.

I'm gonna tell you 50k to make 10k a month. 500 pips isn't much. And if you are playing it safe, 10k would be hard to get.

I do 10k a month on a 15k account when I need to. But I would suggest to someone to use 50k to make 10k.


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phildunn
post Jun 7 2006, 10:16 PM
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QUOTE(alochet @ Jun 7 2006, 05:20 PM) [snapback]2263408[/snapback]

Hello y'all

I want to start trading forex with real money, and I was hoping you guys can give me some input on this.

I want to make about 10 grand a month, and I predict I will make about 500 pips a month.

What type of account would you guys recommend? A mini account or regular?

How much would I have to invest for either accounts to make that much a month?

Thanks


Pro traders will tell u don't risk more than 5~10 % of your account but most people will ignore them. Trade demo for few months and see how good u can manage the risk. Good luck with your trading. smile.gif


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AppleXY
post Jun 7 2006, 11:05 PM
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Lets do this mathematically.

Phildunn is correct, most Pro traders only use 5 - 10% even I do tongue4.gif

Lets take the midpoint of 5 - 10% by calcualating the median
Median = (n+1)/2
= (6+1)/2
= 7/2
= 3.5th Number
= (7+8)/2
= 15/2
= 7.5
therefore, Midpoint = 7.5

Let X be the principal

(7.5/100)X = 10,000
0.075X = 10,000
X = 10,000 / 0.075
therefore,
X = $133,333.33

So you need in averagely, $133,000 to make a profit a month smile.gif (after taking the yearly mean)


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FighterSpirit
post Jun 8 2006, 12:18 AM
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You need about $150.000 to make that money monthly

But I am business that bring me $5.000 weekly and I invest only $1.000 monthly

All the Best,
Sunchy


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AppleXY
post Jun 8 2006, 05:27 AM
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Yea, I was only doing it mathematically purely based on statistically information of pro traders.

LOL, it annoys me wen people do . instead of , between the thousands and hundreds (100.000 instead of 100,000) it gets really confusing at the decimals (2.300.90 instead of 2,300.90) rofl4.gif


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cr8tive
post Jun 8 2006, 12:30 PM
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QUOTE(fxinvestmentpool admin @ Jun 8 2006, 01:24 AM) [snapback]2264342[/snapback]

Depends how big his pips are.

I'm gonna tell you 50k to make 10k a month. 500 pips isn't much. And if you are playing it safe, 10k would be hard to get.

I do 10k a month on a 15k account when I need to. But I would suggest to someone to use 50k to make 10k.



fxinvestmentpool admin, do you manage accounts?
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EiGCustcare
post Jun 11 2006, 07:09 AM
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you want 10k a month? hmm... let me think...

safe way is to have 50k in the account as margin, what's your commitment? do you online 24 hours a day, 5 days week?

10k profit is easy to achieve, same goes to 10k loss, it's even easier biggrin.gif


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oonpoh
post Jun 11 2006, 08:27 AM
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QUOTE(EiGCustcare @ Jun 11 2006, 07:09 AM) [snapback]2284843[/snapback]

you want 10k a month? hmm... let me think...

safe way is to have 50k in the account as margin, what's your commitment? do you online 24 hours a day, 5 days week?

10k profit is easy to achieve, same goes to 10k loss, it's even easier biggrin.gif




dance9bh.gif AGREE ! rofl4.gif


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fxinvestmentpool...
post Jun 11 2006, 08:46 AM
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QUOTE(cr8tive @ Jun 8 2006, 12:30 PM) [snapback]2268134[/snapback]

fxinvestmentpool admin, do you manage accounts?


PM me details of what you want, and ill think about it.


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Hawk
post Jun 21 2006, 06:46 AM
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Hi

There are quite a few variables that control how much you need in order to make 10k per month return e.g. how consistant is your strategy, how much are u willing to risk per trade etc.

One of the most important variable in trading is the amount your willing to risk per trade. If you done your research you will know that the recommended amount that needs to be risked in each trade is 1-3% of your equity.

So if we use 1 to 3% in our calculations we come up with


$45454 required if u want to make 10k per month safely at 1%.

or

$15154 required if want to make 10k risking 3% of your account per trade.

Please note the above values are calculated at 100% win win per month. Normally with a good trading stratagy and mind u should be able to win 70% of the time.

So roughly I would say somwhere in the region of 20k to 60k depending on the risk & consistancy of the strategy if you want to make 10k per month pretty safely.

This post has been edited by Hawk: Jun 21 2006, 06:47 AM
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oonpoh
post Jun 22 2006, 08:33 AM
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Based upon some of the calculation....

if we want to make $1k every month ....using the 1---3% safety net


the capital will be $1.5k----$6k .......correct ?



but is that possible ?


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alexeow
post Jun 22 2006, 08:30 PM
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QUOTE(phildunn @ Jun 8 2006, 02:16 PM) [snapback]2264502[/snapback]

Pro traders will tell u don't risk more than 5~10 % of your account but most people will ignore them. Trade demo for few months and see how good u can manage the risk. Good luck with your trading. smile.gif


Sometime we can't see the real performance trading demo due to different emotional control between real money and virtual money. And yes I agreed with your point about don't risk more than 5~10% of your account.


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timeinvestor
post Jun 24 2006, 03:10 AM
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Also it'll effect your trading when $$ involve.
Alternative you can let the professional to trade which will be one good option.


This post has been edited by timeinvestor: Jun 24 2006, 03:11 AM
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