How Much Can You Make Trading in Forex in 2022?

The Forex market is attractive to many, but in most cases, when people just start getting to know Forex it scares them with its complexity and uncertainty. Indeed, no one gives accurate estimates and predictions regarding the earnings for a novice trader. However, everything is transparent with the risks because they are obvious. Nevertheless, due to the measures taken in many countries in response to the spread of the COVID-19 pandemic in 2022, trading and investing at Forex are experiencing unprecedented demands. In this article, we will give you clear and detailed answers to the question: How much can you earn at Forex in 2022?

Deposit amount, leverage, currency instruments used, trading platform functionality, competent trading strategy, and successful risk diversification are some of the basic parameters that determine a trader’s earnings success. However, Forex is a global exchange market and is therefore subject to global trends. Therefore a successful trader needs to know what is happening around him locally and around the globe. George Soros is a good example of someone who keeps abreast of world economic and financial conditions. In 2012, his Forex traders began to work with only one currency pair, the American dollar/Japanese yen because of the re-election of the Japanese Prime Minister Shinzo Abe to a second term.

Abe immediately determined a strategy to depreciate the national currency, and according to his devaluation program, in two months the yen collapsed by 25% as against other world currencies. European players were outraged and demanded total financial war against Asia. Soros’ trades followed the trend — betting only on this currency pair, and taking into account the laws that were adopted on the initiative of Shinzo Abe. As a result, Soros earned more than $1 billion only for this currency pair.

Once again, this is not an isolated case. As the volatility of trading instruments at the Forex market is extremely high, and it depends not only on traditional economic factors but also on keeping up on the news and market trends. People who do this well are becoming known as the so-called "mood of traders".

Well, of course, the examples of Soros and Linkuy are more an exception than a rule. In 2022, a successful novice can earn around $100 a day at Forex, provided that: his deposit is at least $200, he trades using the EUR/USD currency pair, with leverage of 1:100, and uses a successfully aggressive strategy. The larger your deposit is, the larger your profit will be. In theory, if your deposit is $10,000, then you can earn up to $5,000 a day. However, this is not dogma or law, it is only a roadmap, and it is reserved for a very aggressive strategy. Professionals, as a rule, do not seek to earn more than 5-10% of their deposit per day and avoid taking risky steps.