This question can be rephrased: Is there a job with a good salary? Yes, there is, of course, but to rise to the level of a very good salary, you need some time to work in the company in order to grasp the essence of the matter. The situation in Forex is exactly the same.
If you want to have big profits from the work on Forex in a month later, it means that you are in a deep illusion. The sooner you get out of it, the cheaper it will cost. In order to get closer to a good Forex profit you must go through several stages.
Stage 1. You need to master the basics of technical analysis.
Stage 2. You must learn to feel the danger and know when to enter the market.
Stage 3. You should have the ability to find an entry point into the market with minimal risk.
For the passage of these three stages some demo account with virtual money is quite suitable. At the same time you should maintain such an account at least a few months. This will form your strategy, identify its weaknesses and to treat the virtual deposit with the same respect as a real.
Stage 4. You need to change some of the qualities of your character and form new ones. You also need to improve the trading strategy.
At this stage you will need some not too big real trading account. We think that for this purpose it would be the best to deposit equal to 30% - 50% of your salary. This amount is enough to treat your deposit as serious, and at the same time such a small amount makes you feel very comfortable, excluding panic at the slightest movements when the market goes against you.
It is strongly recommended not to open a deposit on borrowed money, hoping to quickly double the deposit and pay the debt. You will have such a big psychological pressure that is almost impossible to sustain.
Stage 5. It is necessary to gain experience.
With the experience you can not only successfully find a good entry and exit points in Forex market, but also to correct errors with minimal losses or even with some profits. In addition, sometimes there are situations when the mind intuitively sees a familiar model (pattern) of the market and accurately make the right decisions even without a thorough technical analysis of the situation.
Stage 6. It is necessary to have a large enough deposit.
At the initial stage of work on Forex it is very possible to double even a small deposit. If the expected market movement of 100 points corresponds to the profit of 20% of your initial deposit, you will need only 500 points of winning trades to double sum in your account.
This situation is very popular, because the cost of 1 lot is close to the amount that corresponds to 20% of a small deposit. From an economic and mathematical point of view this situation is related to the super-risk (and super-profits), but it is quite possible. However, If we are talking about a more substantial amount, the entry into the market with the amount that exceeds 10% of your capital is highly dangerous to your deposit.
Thus, the yield of work at Forex with an optimal ratio of profit and risk is 10% - 15% per month of the deposit.
However, if you get to the sixth stage of work on Forex, there should not be problems with the size of the deposit. The world is full of wealthy people who want to increase their capital. If you really mastered the profession of currency trader, you will not be left unnoticed. High level trader will be one of the most sought after professionals in the labor market as long as there will be floating exchange rates.