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

30000 i think

LOL... I'll have to earn that kind of money first

hey Lucus how much $ ya get with Aurum ?


hey Lucus how much $ ya get with Aurum ?

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.

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.

Forget Panamoney. They are a ponzi period.

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.

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.

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 ? =)

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.

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...

$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.

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.

Well we've heard things all over the map.

So I guess it's either $100 or $30,000.

Take your pick. LOL


I have a question for you which is really
going to be your 'Final Answer' as well...

Why not start with what you have and
turn it into that much plus 5%?

IF you can do that for 15 times in a row
you will have doubled your money.

It is not about how much you need it is
how you will...

A) Keep from losing it.

B) Grow it consistently.

Is it necessary to start with $5,000 / mo.
goal? Will it be better setting the sight on your
first $1000 earned? Only you know that.

But the answer to A) is only found in proper
risk management and position sizing.

That will control your fear AND greed all at
the same time as well as protect the asset
of your account.

The answer to B) is only found in having
a Trading System you will stick to and
not allow undisciplined non-system trades.

I have over a decade of trading experience
and have developed trading systems.

That experience still brought me back to
those same internal issues common to traders.

The battle is in the mind. It is also quite the real
world battle as well since you are taking a
contrary stance to the counterparty of your
trade. Are you better? Are you geared up
for battle? You can believe they are!

Best of luck with your quest.

PS. I agree with forexPro - you probably want
to steer clear on Managed accts.