How much money can you make with the minimal deposit?
- by Anna K.
It is for sure – you want to know how much money you can make as a trader. Everyone wants to know that. That is the main question that we all had on our mind when we first rolled into trading. After all, we all heard and saw those success stories when traders made their first million in the first year or even less. And we all strive to be the main hero of our story like that
But all of those stories are made in order to throw us off course. After all, no one can tell what your win rate is going to be. How much are you willing to risk? What is your financial plan? How much time are you going to spend in trading? All of those questions need to be answered by you. And you need to take full responsibility for your answers and your decisions. You do know that all of the answers have their consequence in your financial future.
You are also going to have to stick to your decisions and do everything according to your initial plan. Although here I have to say that it is likely that you are going to change your vision and your strategy several times along the way.
Note: never look at anyone as we all are different and you can never replicate a success of another trader.
So, how much money can you make in trading with minimal first deposit to your account?
Unfortunately, that is the question without an answer. There is no one in the whole world who can tell you how much you can make. Ultimately it will all depend on the answer to the question asked above. If someone tries to give you an estimate of your possible earnings, run like the wind – those are the people who understand nothing about trading.
All you can do in order to at least somehow understand the approximate number is to set a goal for yourself – how much do you want to have until a certain period of time? How much can you trade and how much money can you invest into the endeavor?
These are the questions that might help you see your number, but in the end it all comes down to the fact that you can’t predict the behavior of the market, thus you can’t predict your earnings and losses.
Will we be able to tell at some point? No, no we are not. These aren’t the numbers that can be crunched down, especially in the very beginning.
But, do not feel sad. You can still trade and make money without having an estimate in the beginning. After all, who knows, you can surpass the number in your fist month. There are a lot of success stories out there, who says you can’t be one of them?