Hello Everybody
Is it possible to make a wage of say 200 - 300 sterling a week by way of trading - how much of a bank would I need and how much would it cost to have Bet Angel on board to make this possible. I guess what I am asking is what would be the initial start up cost for Bet Angel and my bank. Please excuse my ignorance but this is all kind of new to me but none the less excites.
Thanks
Just want to make a wage say £300 per week - possible?
You cant expect to just walk into trading and make X amount of profit per week, it doesnt work like that Dubin..
The time frame varies from person to person but it usually takes months to be able to turn a consistent profit and then there are many people who for whatever reason just cant make a go it at all. If you put in the time and effort £300 per week is easily getable but you only get out of this game what you put in.
In regards to how much of a bank you'd need it all depends on your trading style. There are people who trade with a bank of 5k looking for very small % profits and make £500 per week and then there are people who have a £500 bank and due to a more aggresive trading style make £500 per week in profit.
If you are starting off brand new many people on here (me included) would advise you to start off with a bank of £50 and trade minimum stakes until you get an idea of whats going on. Unfortunately few people take this advice and lose money hand over fist then wonder what went wrong.
Another thing you have to consider is how much time can you put into learning the ropes?
Will you be a weekend and evening trader or a full time trader? When I started out I went the whole way, I quit my job and was able to trade full time but even then it was 4-5 months before I was making enough money to live on.
Think carefully before you take the plunge
The time frame varies from person to person but it usually takes months to be able to turn a consistent profit and then there are many people who for whatever reason just cant make a go it at all. If you put in the time and effort £300 per week is easily getable but you only get out of this game what you put in.
In regards to how much of a bank you'd need it all depends on your trading style. There are people who trade with a bank of 5k looking for very small % profits and make £500 per week and then there are people who have a £500 bank and due to a more aggresive trading style make £500 per week in profit.
If you are starting off brand new many people on here (me included) would advise you to start off with a bank of £50 and trade minimum stakes until you get an idea of whats going on. Unfortunately few people take this advice and lose money hand over fist then wonder what went wrong.
Another thing you have to consider is how much time can you put into learning the ropes?
Will you be a weekend and evening trader or a full time trader? When I started out I went the whole way, I quit my job and was able to trade full time but even then it was 4-5 months before I was making enough money to live on.
Think carefully before you take the plunge
Exactly what Caerus has said is the reality. As a trader it is a long journey so you must have plenty food , cups of tea and sterling to conquer the quest. You would need a bank of say £1000 and set BA at a £2.50 tick size, but saying that you need some heavy discipline. Ie not going in play or trying silly experiments, something i never do anymore. But if you are starting out £50 would be adequate. I loaded £1000 because my trading improved over 10 monthsCaerus wrote:You cant expect to just walk into trading and make X amount of profit per week, it doesnt work like that Dubin..
The time frame varies from person to person but it usually takes months to be able to turn a consistent profit and then there are many people who for whatever reason just cant make a go it at all. If you put in the time and effort £300 per week is easily getable but you only get out of this game what you put in.
In regards to how much of a bank you'd need it all depends on your trading style. There are people who trade with a bank of 5k looking for very small % profits and make £500 per week and then there are people who have a £500 bank and due to a more aggresive trading style make £500 per week in profit.
If you are starting off brand new many people on here (me included) would advise you to start off with a bank of £50 and trade minimum stakes until you get an idea of whats going on. Unfortunately few people take this advice and lose money hand over fist then wonder what went wrong.
Another thing you have to consider is how much time can you put into learning the ropes?
Will you be a weekend and evening trader or a full time trader? When I started out I went the whole way, I quit my job and was able to trade full time but even then it was 4-5 months before I was making enough money to live on.
Think carefully before you take the plunge
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Dubinrogue
- Posts: 2
- Joined: Sun Nov 28, 2010 2:26 am
Hello Everyone
Many thanks for your replies.
I say it is easy to make 300 plus per week with a 200 bank and in and out on 20 shots. The question is - is it viable with Bet Angel or are the costs of the ap prohibitive?
Cheers
Many thanks for your replies.
I say it is easy to make 300 plus per week with a 200 bank and in and out on 20 shots. The question is - is it viable with Bet Angel or are the costs of the ap prohibitive?
Cheers
Hi D what do you mean in and out shots, you can probably make that on in play events like football but you would have to risk most of your bank, doing this is not trading its gambleing.Dubinrogue wrote:Hello Everyone
Many thanks for your replies.
I say it is easy to make 300 plus per week with a 200 bank and in and out on 20 shots. Cheers
You would have to turnover somewhere in the region of £300k to acheive that looking at the RoC of existing traders. Better to start small and work up slowly, your first target is not £300 a week but to hit break even. When you can do that, you can start looking at the next target.
Dubinrogue,
If you're new to the game and have very little experience with trading, how do you know "it is easy to make 300 a week off 200?"
And what do you mean about "the costs of the app"? The Bet Angel pricing is on the download page - If you are certain you can make 300 a week, you've paid for a year's subscription in the first few days' trading.
Sounds like you are onto a sure thing - be sure to post your progress
TC.
If you're new to the game and have very little experience with trading, how do you know "it is easy to make 300 a week off 200?"
And what do you mean about "the costs of the app"? The Bet Angel pricing is on the download page - If you are certain you can make 300 a week, you've paid for a year's subscription in the first few days' trading.
Sounds like you are onto a sure thing - be sure to post your progress
TC.