Day in the life of a Forex Trader during UK Lockdown: KB Trading takes you on a day in his life trading the markets during a global pandemic and whilst the UK was in lockdown.
What is a Forex Trader?
A trader can work independently or on behalf of a financial institution buying and selling currencies. Currencies are traded all over the world and the market is open 24 hours a day, five and a half days a week. Forex markets tend to be the largest and most liquid asset markets in the world.
How do you become a Forex Trader?
Investopedia has put together three top tips on how to start out trading in the Forex market. If this is something that you’d like to try take a look at the tips here.
How much does a Forex Trader make?
It’s kind of confusing… and it also depends on quite a few things. It ultimately depends on how much you’re risking per trade. If you’re risking £1000 per trade then you can make an average of £20,000 a year whereas if you risk £5000 you can potentially make an average around £100,000 a year. One thing a lot of people don’t talk about though is there losing days/months.
The sad reality is that you don’t win every single trade, and it takes years to actually become profitable and even the best have losing months. If you want to learn more on how much they make then please check out Trading With Rayner’s website where he explains it in greater detail: https://www.tradingwithrayner.com/how-much-money-can-you-make-from-forex-trading/
At Sculpt Success we love to see day in the lives of loads of different jobs just as much as you guys do. So, if you want to see any type of job, in particular, send us a message on our Contact Page.
