Question: How much money can I make by trading Forex and CFDs? Any examples?
There are many possibilities to happen in Forex markets and we cannot guarantee of any profits or losses.
You are recommended to open a Demo account and start practicing of trading Forex, so you can see how the price moves in the market and how your profit and loss can be changed by that.
Let us give you some examples of profit and loss in Forex market below.
When USDJPY’s price moves from 100.000 to 101.000.
This is 100 pips of price movement which can be happened in a few minutes during normal News Time.
Example 1
If you had a 1 lot(100,000 units) of Buy position, you have made 100,000 JPY of profits, which equals to about 1,000 USD. (if you calculate 100 JPY as 1 USD). On the contrary, if you had a 1 lot of Sell position, you’ve had lost 1,000 USD.
1,000 USD difference was made in a few minutes in this case.
Example 2
FXOpen allows its traders to trade from 0.01 pip, so you could trade 100 times less volume, and the profit and loss amount would have been 100 times less in this case.
If you have a few hundreds of dollars in your trading account, you can trade 1 lot like the example 1, but it is also riskier than smaller volume.
Forex market is highly liquidated and volatile, and you may think of making millions in a short time period because it is possible though, you must need to know the risk of investing funds to Forex.
You should not invest more than you can afford to lose.
