How much can you earn by doing foreign exchange operations in a year? How to be an excellent foreign exchange operator? The following questions are answered by how much foreign exchange operators can earn a year. I hope you like it!

How much can foreign exchange operators earn a year?

For full-time foreign exchange trading, how much money you can earn is determined by many different factors, including your education, experience, industry you are engaged in, expected industry, economic development level and so on. These are just some factors that will determine your minimum income level.

For what? How much can you earn from foreign exchange trading? It is difficult to give an exact data for this problem. So, what factors will affect how much money you earn in the foreign exchange market? Here are some of the factors we have listed:

First, start-up funds

Regardless of risk management, trading strategy and specific market, the most important thing is how much start-up capital you have.

Your start-up capital plays a key role in how much money you can earn in foreign exchange trading.

Have you ever heard that someone changed the start-up capital of 100 into 100000? Maybe you have heard of it, but there are few such examples, and you don't know the whole market situation.

Whether you do foreign exchange trading or other market transactions such as futures, start-up capital is very important. Having a good start-up fund can help you achieve your goals better, help you manage risks, and help you improve your trading system and position management.

Having good start-up capital can help you have enough funds to meet the margin requirements when doing foreign exchange transactions without being told to ask for additional margin. For many foreign exchange traders, 10000 USD is a good starting point. Although 10000 dollars is a little small, you can make considerable profits through leverage.

Second, risk tolerance.

There is a rule in trading: don't trade with more than 1%.

In other words, if you have $65,438+00,000, you can only risk trading with $65,438+000 at most. Of course, it also depends on the level of leverage you use.

In the foreign exchange market, you may already know the margin system and the unit of price change, which all depend on the foreign exchange you trade.

If you are trading some of the most common varieties, such as e-minis &; 500 futures (Standard & Poor's 500 electronic mini-contract), the margin requirement of a standard contract is only $400, and the price is $65,438 +02.5 per unit price change. That is to say, in the case of no leverage and risk tolerance of 1%, for a standard S&P 500 electronic mini-contract, your maximum loss should be two points (8 variable units).

If your risk tolerance becomes stronger, you can allocate $500 (5% of the funds) for each transaction. In this case, your biggest loss is 10 point (40 variable units).

As you can see, the risk you are willing to take affects the outcome of your transaction (of course, you must ensure that the subsequent price changes are beneficial to you).

Third, trading strategy.

Trading strategy is as important as risk management. Buy/sell? Barton, you get nothing.

Many professional foreign exchange traders will spend months or even years perfecting their trading strategies, and more importantly, test these strategies under different trading conditions.

Trading strategy can help you to know your risk tolerance, and let you know when to quit to reduce losses and when to take profits when the market trend is not in line with your expectations. Based on your understanding of your trading system, you should also know when to trade and when to wait and see.

Fourth, the time you spend trading or studying.

Another important factor that determines how much money you earn is: How much time do you spend on foreign exchange trading?

For most people, they tend to take foreign exchange trading as a part-time job, and they usually find that how much money they earn depends on the trading method. You can use band trading, which means that you must hold foreign exchange trading positions for a period of time, or you can only trade for an hour or two, and make sure that all your intraday positions are closed (which means that you have no positions before the end of the day).

At present, there are some examples of traders profiting from foreign exchange trading on a part-time basis, and there are also some examples of traders profiting from band trading. Therefore, you must not mistakenly think that it takes a lot of time to make a lot of money.

When we talk about the time you spend trading, we don't mean that you have to trade. You can take the time to learn more market information, such as fundamentals, or you need to wait patiently to execute the transaction at the right time.

There are many valuable resources and information on the Internet. You can find all the information about the foreign exchange market. Some traders spend 90% of their time studying the market and only spend the remaining 10% of their time executing the trade.

Like any career, you need to spend time learning, training skills and putting them into practice. The more you know about the market you trade, the less likely you are to make mistakes.

How much you can earn depends on yourself! If you don't have the enthusiasm to keep learning, but simply consider some known things and satisfy the status quo, you can't make money in trading, and conceit will eventually destroy you.

Finally, add a summary: failed traders only know how to chase profits, and excellent traders are good at managing risks.

Refinement of the best foreign exchange operator

In the whole trading career or the process of accumulating capital, you will often lose one-third of the capital, and then you will recover it, and the capital will gradually increase, but you may lose another third, and then you will recover it; Just like climbing stairs, you can still move slowly by taking three steps forward and sticking to this procedure.

Not trading is a spirit of self-discipline? Very important specification; Many people don't understand this. In some cases, the market is very dull and illiquid, so you should not trade.

The right style.

You must decide what kind of trader you are: a speculator, a spread trader or a short-term hatter; You must find your own trading style. But the point is whether you can make money. For example, although hedging is an ideal means to manage risks, whether you should become a hedging trader depends entirely on whether your personality can make money through this means.

Definitely admit compensation.

If the market goes against the trend and loses money, it is of course the first warning, followed by your tolerance for pain and loss. The principle of trading is that the initial loss is often the smallest loss; The difficulty of claiming compensation is not entirely the loss of money, but also the injury of self-esteem. This is a mental game you play with yourself.

The market is a fact of existence, not an object of competition. Can't take the initiative, can only react passively. You shouldn't fight the market or try to beat it. With this mentality, it may be easier to admit compensation.

Recognize your own advantages.

If you want to make a long-term profit in trading, you must first understand what kind of operator you are, and then understand the advantages of this type of operation. You must understand when this advantage exists, and you must make full use of it to trade.

Don't put it into operation without advantages. If you know that you have no advantage, but you have to trade for other reasons, then you should learn from those who have advantages. First, understand what kind of trading is profitable and what kind of trading do you belong to? Recognizing one's own advantages is the first condition to predict whether one's operation will be profitable. If you can't break down the operation behavior into specific profit or loss models, it will be difficult to recognize your own advantages.