We are approaching the most significant event in Forex market, read more about the Non-Farm Payroll HERE and learn how to trade it and what to look for in this particular event. Listed below, are the high impact economic events for the upcoming week, happy trading. If you wish to learn how to trade the economic events, send your request to, subject: Economic events. Please be advised that it is a paid service, thank you.


29th  March CB Consumer confidence 10:00am 4:00pm 93.9 USD
30th  March ADP Non-Farm Employment Change 8:15am 2:15pm 194k USD
31st  March Current Account 4:30am 10:30am -21.8B GBP
 31st March Canada GDP 8:30am 2:30pm 0.3% CAD
 31st March Unemployment Claims 8:30am 2:30pm 269K USD
1st April Manufacturing PMI 4:30am 10:30pm 51.3 GBP
1st April Average Hourly Earnings 8:30am 2:30pm 0.3% USD
1st April Non-Farm Employment Change 8:30am 2:30pm 208K USD
1st April Unemployment Rate 8:30am 2:30pm 4.9% USD


How Much Can You Make In Forex Trading

How Much Can You Make In Forex Trading

How much can you make in Forex trading-Set your daily targets

Piggy bank

I am on a mission to provide practical solutions to traders out there. I have been doing this trading for some few years now and I have seen the key points that causes failure in trading. This post is not for traders who are hyped up as it won’t be providing any adrenaline rush or even appealing to them, but this is definitely going to speak to the kind of a trader who is looking at building a healthy Forex trading account, this is not meant to be exciting at all. To a trader who is looking for excitement, I am so sorry, you won’t find it in this post. This post is for a trader who is into Forex trading as an investment and actually looking at growing it further, and learning how to protect his/her capital and be sustainable in the markets, the small changes that we make in our daily trading activities can have a huge impact in how things turn out for us, this is not about certain strategies, most of the time, failing has nothing to do with your strategy. If this is you, then keep reading and if it is not you, then you might as well just stop reading now because this is going to sound so boring, too slow and too simple for your liking, investing is not supposed to be exciting and I am also not trying to get you excited.

Every aspiring trader wants to know how much they can make, it is mostly the first question people ask me daily, when they enquire about Forex trading. I speak to many people on daily basis, but most of them are turned off by my honesty, when they ask me how much they can make, I always start by saying ” I don’t know” and continue to tell them the facts and the truth (which is not what they want to hear), most people who are enquiring about Forex trading are always hyped up by what they see on social media (which is not the reality, well mostly). But I am so far, very glad that the people who end up working with me, are mostly the people who are realists, which then makes my work very easy, because I am a realist too (of course it is not attractive in this industry). On my previous post I covered an issue about TRADING CAPITAL  and how it can impact your returns/profits. If you have a goal, and your goal is to be sustainable in the market for years and years and you also want to do away with “every trader needs to blow some few accounts before making it” mentality,  then you are at the right place right now, keep reading and I hope you do find this post helpful, if you do, kindly share it with your peers,  I will try to  keep it simple and as practical as possible.

There is a massive range of income potential when it comes to day-trading, but there is also a huge percentage of people who are flooding the markets only to donate their money daily, the latter are the traders who have unrealistic goals and are impatient and undisciplined (discipline is something that each and every trader needs to teach him/herself, a mentor can only do so much and the trader needs to come to the “party”). I promised you to be practical, therefore I will not confuse you with jargon but I will keep it simple, I am a big fan of simplicity. For a clever trader, the table below might appear as a “stupid table” and too slow or too small amounts, but for a trader who is financially savvy (who understands how other investments work), will see a very good plan and not slow at all. If you are trading already, you should try it (you have nothing to lose), go back to your trading account while you are reading here and start planning right away and see if it won’t bring changes in your trading activities (you can thank me later). If you do not have a trading plan, find it HERE. Before you can try to implement this to your own trading, try showing it to your fellow traders, most of them will laugh at you and ridicule you for having such “small goals”, never mind them, just implement it anyway and watch them grinding daily with their big goals and making huge cash while you stick to your plan, at the end, you are the one who is going to take money home soon, while the ones who are chasing dollars keep on funding their trading account from time to time because they got wiped out by one bad trade (we all get bad trades from time to time, but it shouldn’t harm your account).

What if I do not reach my daily target or what if I make nothing?

If you do not reach your daily target but make less or even nothing (there is no loss there), walk away and come back tomorrow, it could be the market not providing trading opportunities or you are simply not seeing your setups ( it happens), tomorrow will come and you’ll trade again and make even more than your daily target, but make sure you do not feel like you have to force yourself to the markets even when the trading  opportunities aren’t there and the market is sleepy ( maybe due to bank holiday ), that is something that has to come within you, you have to teach yourself to walk away if you have to, your mentor can give you support and all, but you are the one who is doing the actual trading and it is your money after all, you have to look after it,  and  you have to be emotionally matured and know when to walk away. Stop putting pressure on yourself, it is OK to trade few hours per day, your life doesn’t have to stop just because you have a live Forex trading account, have a plan and trade smart. I treat my trading account as a private property and that alone, takes pressure away, try to avoid over trading by all means.

I am not going to talk about some risk ratios and refer you to some online calculator that might just confuse you, I am here to keep it simple for you, you can use it or lose it. I am all about simplicity, this is not a fancy formula, but it works, daily targets seems like nothing at all, but wait until you see them accumulating nicely in your account without worrying about loosing all your capital.

Please kindly give feedback (should you decide to use the table), you can do so by leaving a comment, or for your privacy, you can email  and tell me if you are finding it helpful, see table below with some few examples, you can alter it to work for your own trading capital, this is just a guide, but a guide that has kept me and my mentees consistent, on a bad day, a trader is still not supposed to lose all his/her capital.


Trading capital times 40% (monthly target in percentage) , divide by 4 weeks (weekly target in dollars) and then divide that by 5 days = daily target in dollars. Of course, results may vary, considering other factors or events that lead to this particular event (profit taking) that we are discussing here, sometimes you might not trade the whole 5 days, (which is OK), but I hope you do get the idea of the table.

Thank you for stopping by and reading till the end, I hope it was worth it.

Capital In your Account Monthly Target In Percentage Monthly Target In Dollars Weekly Target In Dollars Daily Target In  Dollars
$500 40% $200 monthly $50 $10 daily
$750 40% $300 monthly $75 $15 daily
$1000 40% $400 monthly $100 $20 daily
$1500 40% $600 monthly $150 $30 daily
$2000 40% $800 monthly $200 $40 daily
Trading Capital

Trading Capital

Trading capital-how much do you really need for your live account?

Image result for forex trading images

Ok, I think it is about time I address this question about trading capital. Most people are not going to like this, but I have to say it anyway, someone has to say it, and the truth shall set you free. Your earning potential depends on your start up capital. Every  trader dreams of turning his/her account into a million dollar account. It is definitely not impossible, it is doable but not everyone can do it ( I am so sorry to burst your bubble). Forex trading is good money, but it is also exaggerated a lot by most traders who are vocal about it. Most are either selling dreams or their flashy lifestyle, and aspiring traders are buying into that. Millionaire traders are out there selling their lifestyle to you and they forget to mention to you that you are not going to make a million out of $500. They also forget to tell you that what they are showing you cannot be achieved by a start-up cash of $500, your trading capital does play a huge role in determining your returns. Forex market is flooded by new traders with unrealistic dreams and  goals on a daily basis, these unrealistic goals are as a result of what is being sold to them through the seminars and social media.

The brokers can tell you that you can start with as a little as $30, but realistically speaking, it is impossible to make money with that amount. Then there are brokers which have a minimum deposit of R5000, when I started trading a few years ago, the rand was trading at R10 to the US Dollar, which then meant that R5000 was actually $500. Things have changed a lot since then, the rand is now trading at +-R16 which  means R5000 is no longer $500 but +-$300. Now again because I am a realist, $300 is too little to trade with, you cannot trade much with it, yes you can start there, but I always advise my team to work on topping it up (if they can). This is to create a better trading environment, as well as trading commodities and  other financial instruments within the Fx markets. Your goals are a deciding factor, it all depends on what you are trying to achieve with your trading account.  0.01 volume is recommended for a $300 account, but if you want to take some money home month end, you cannot expect that from $300 right away. A trader who doesn’t gamble can compound his/her profits and gradually increase the lot size, but it does not always happen that way, it is something that is easily achievable on paper. It takes a lot of patience to trade such account and the quantity traded is too small. You have two choices if you want to start with a small account or if you already have a small account, you can either top it up/invest more or stick to the recommended size, which is  0.01 and exercise patience and lots of it.

Common issues associated with trading an account with small trading capital 

I believe the most important part of trading is to get it right more than anything. Learning how to protect your equity, learning to accept when you are wrong, learning to let go of bad trades, being disciplined and having a trading plan with  good money management skills to accompany all that (that is what I preach to those under my mentor ship), setting monthly targets, breaking it down to weekly and all the way down to daily. The consistency come as a result of practicing all the above mentioned ( it doesn’t happen over night). The amount of money that you start with, does not make any difference if you do not pay attention to  the above mentioned. If you are a profits only trader, rather start with  that $30 and lose it all. There are certain challenges that are associated with trading small account.

A trader who is trading an account of about $1000 and above, is likely to relax and trade without feeling pressure, but a trader who is trading with below $500 equity is likely to stress too much and end up taking large positions in order to grow the account faster, even when the market conditions aren’t really favorable, this trader just wants to trade. Even though profits can be accumulated and be compounded, this trader becomes too emotionally attached to the account. So how about we agree that when trading  small account , you should not expect to take some money home at least for some few months, just so your account can grow and you can also increase your lot size (quantity traded) to create a better trading environment and to  make more money . Am I saying you should start with large sum of money? No, not at all, if you can manage a $500 account, you can do the same thing with a bigger account, but consider the facts above, if you do start small, start with a minimum and top it up later just like with any other business, you are likely to use your money to grow it at the beginning. You can also just save up towards your trading account on a monthly basis, say maybe set aside R1000 and top up your account month after month, it works wonders for serious traders who are willing to grow their accounts. Everything depends on you, it all depends on what do you want to achieve with your trading account, but it all begins with being a realist. A trader who is unrealistic will always face disappointments and  be at risk of over trading and end up getting a margin call. Thank you again for stopping by, sharing is caring, if you find this post informative, please do share with your peers, for further assistance, leave your comment or send an email to:



Gearing up for a new week

Recap ( last  Friday 11th) , Canada unemployment rate rose by 0.1 percentage points for the third consecutive month, reaching 7.3% for the first time since March 2013, this was negative news for CAD as it was expected to come out at 7.2%. Below are the events scheduled for upcoming  week, be alert and go where the market goes. For weekly news and future posts,  simply enter your email address to subscribe to this blog and receive notifications of new posts by email, make sure you confirm your subscription by clicking on the link sent to your email, email could be in spam folder or promotions if you are using  Gmail. Look for  “Subscribe to my Blog” on the side bar. Thank you for stopping by, please kindly share with other traders.


15th  March Core Retail Sales 9:30am 3:30pm -0.2% USD
15th  March PPI 9:30am 3:30pm -0.1% USD
15th  March Retail Sales 9:30am 3:30pm -0.1% USD
16th March Average Hourly Earnings Index 6:30am 12:30pm 2.0% GBP
16th March Claimant Count Change 6:30am 12:30pm -9.0k GBP
16th March Building Permits 9:30am 3:30pm 1.20M USD
16th March CPI 9:30am 3:30pm -0.2% USD
16th March Core CPI 9:30am 3:30pm 0.1% USD
16th March Federal Funds Rate 3:00pm 9:00pm <0.50% USD
16th March GDP 6:45pm 12:45am 0.7% NZD
16th March Employment Change 9:30pm 3:30am 12.3K AUD
16th March Unemployment Rate 9:30pm 3:30am 0.6% AUD
17TH March Official Bank Rate 9:00am 3:00pm 0.50% GBP
17TH March Unemployment Claims 9:30am 3:30pm 267K USD
18th March Core CPI 9:30am 3:30pm 0.5% CAD
18th March Core Retail Sales 9:30am 3:30pm 0.7% CAD
18th March Prelim UoM Consumer Sentiment 12:00pm 6:00pm 92.3 USD





Gearing up for a new week 

We had Non-Farm Payroll (NFP) last Friday the 4th, the outcome was so confusing for many traders, the NFP figure was positive, we got an improved number, it came out at 242k  and it was expected to come out at 195k,  but again the Average Hourly Earnings came out below forecast, it came out at -0.1%, expected figure was 0.2% with the previous of 0.5%, it  then neutralized the NFP good results , the greenback (USD) did not rally up as expected, this must have been very confusing to many traders, first Friday of the month is not only about the NFP, keep a close eye to the Average Hourly Earnings. Learn how to trade Non-Farm Payroll HERE.



9TH March Manufacturing Production 5:30am 11:30am 0.2% GBP
9TH March Overnight Rate 11:00am 5:00pm 0.50% CAD
9TH March Official Cash Rate 4:00pm 10:00pm 2.50% NZD
10TH March Minimum Bid Rate 8:45am 2:45pm 0.05% EUR
10TH March Unemployment Claims 9:30am 3:30pm 272k USD
11th March Employment Change 9:30am 3:30pm 10.2k CAD
11th March Unemployment Rate 9:30am 3:30pm 7.2% CAD
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