I currently have a 9-5 job and i have a friend that wanted me to do forex by referrel through iml which helps forex traders with technical analysis and advice. But after doing some research, it looks like it’s a scam from what I hear.

I’ve been doing alot of research on becoming a forex trader and I couldn’t find much on successful swing traders, only full time traders. I wanted to know, are there any swing traders that have made a good $400-$500 a week and are these top of the line swing traders or is this doable for the average successful swing trader? I ask because this is my goal in the long term if I do persue forex as a long term swing trader.

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It seems that swing traders are in the minor since it requires alot of time for full time forex traders to make a steady income. Alban18: I couldn’t find much on successful swing traders, only full time traders. I’m not sure about this differentiation between “swing traders” and “full time traders”?

It seems to me that swing traders, just like non swing traders, can be either full time or part time? I think it’s fair to say that no trader whose income averages out at $400 or $500 per week is anywhere near the top of the line. (The top traders make 7 figures.) It’s important to be realistic. Few retail forex traders make a profit at all. Among the minority who do, very few make $400 or $500 per week steadily. If you call that about $2,000 per month, averaged out, and make 5% monthly return averaged out on your capital (which very few do), you’d want capital of at least $40,000 to have a decent shot at it, after several years of learning and experience.

Thank you, that helps alot. Why trade forex if a steady income is very hard to achieve for even the average “successful” trader? Is it because the gains are big in the long term. Like you said, the bigger my capital, the better chance that a steady income is attainable to the highly experience. It seems like the stock market is just as rewarding but a higher success rate?

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