What is the key to making $300 per day in forex?

Question:
What is the key to making $300 per day in forex?

Answer:
That’s a good question. For most investors, the forex market represents an opportunity to create a side income. In fact, if done correctly, forex investing can match and exceed your current income. At the $300 – $500 per day mark, you could realize an income of $6,000 – $10,000 per month. That is, over 20 trading days in any given month, you can realize this sort of potential.

But, the big question on everybody’s mind is: how?

It is true that the forex market does have plenty to offer, but for all the rewards available, there are plenty of risks as well. That said, you can create a daily income of $300 per day if that is what you want out of this market, but you must be aware of sound principles of forex investing if you hope to make your dream a reality. In particular, you need to understand:

1. the rules of being well-capitalized
2. how risk:reward ratios will affect your outcome
3. the difference between standard, mini and micro accounts
4. how to place stop losses and limits
5. how to control your emotions
6. how to read charts (the technical aspects) and be aware of market conditions (the fundamental aspects)

We’ve written a useful article on this topic, How To Trade Currency and make $5,000 per month part time, which discusses how to make $250 per day. In the end, whether you want to make $250, $300 or $500 – the principles and distinctions are the same.

Good luck with your investing!