Everybody joining the Forex market, whether they hope to launch a trading career or just for the thrill wants to know how much they can make day trading. And it is expected, especially when automated trader developers, brokers, and scammers are always painting a picture of a highly-lucrative multi-trillion dollar industry where everybody is a winner. The reality on the ground, however, is that more than 80% of retail traders lose money and how much you make is dependent on a host of factors that you have zero control over.
In answering the ‘how much can I make day trading’ question, there are a few things you have to put into consideration. For instance, do you intend to trade manually, employ algorithms, or deposit into the managed PAMM accounts? Additionally, what is your strategy, your risk appetite, and how much do you intend to put as starting capital?
Market volatility and different operational rules by brokers make it impossible to predict how much you will make day trading. Given that every passing day in the financial markets brings along its unique set of challenges, not even professional traders are able to estimate with utmost certainty how much they can earn from the investor funds in managed accounts. The trick, however, lies in ensuring that you keep adjusting your trading strategy, working towards higher win rates and even higher risk to reward ratios.