How much do traders earn?

There is no definite answer to the question of how much a trader earns because profits on financial markets are not fixed. For example, today you can earn $100-1000, and tomorrow you can lose $300. It is clear that the more experience you have, the less the probability of failure, and therefore your income will be higher.

If you are even a little bit interested in how a beginner can make money trading, you must have heard of George Soros. Back in 1992, he made more than a billion dollars in one day, and in 2022 his fortune is estimated at $8.6 billion. Of course, Soros is not trading now, but his example inspires many people who are just taking their first steps in the financial market.

A trader's income size directly depends on the level of his professionalism and training. For example, the average annual salary of a Wall Street trader is $123,000, and the maximum rate of a London trader is 154,000 pounds a year. Once again, we emphasize that these traders work at financial institutions full-time and get paid for it.

So how much do retail traders who work "for themselves" earn? There are many stories on the Internet from practicing speculators with different data. Some people assure that they once managed to increase their deposit 10 times within a week, while others write about a 100- or even 300-fold increase. It is up to you to decide whether you can trust these statistics because it is almost impossible to verify the truthfulness of the figures mentioned in the reviews.

It is absolutely accurate, that for a trader monthly income of 2-5% is considered a good return.

Of course, beginners may be disappointed with such figures. Where is the promised mountain of gold? However, such a low percentage can be unsatisfying only in the case of small investments. It is unlikely you will get rich if the minimum deposit will be $100 or $200 a month because in this case, you will earn no more than $10. But if you do not use aggressive strategies, do not use high leverage, and trade with the market fluctuations, then over time the deposit will gradually grow, and therefore the income will increase.

Important! You will be able to earn a lot, but not at once. Most newbies lose money in the first year of work - from 68 to 95%, according to statistics from various resources. Also, keep in mind that earning on trading is not guaranteed at all. Even experienced market participants lose money, so what to say about beginners?

In the next article, we will take a deeper look into the beginners' guide on how to earn on trading as well as other useful tips.

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