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Earlier, we saw how much a forex trader earns annually when working with a hedge fund or an investment bank, in different locations and with distinct experiences. However, determining the income of a forex trader who works independently depends upon the following factors. This is the starting phase where they assist senior and junior traders.<\/p>\n<\/p>\n
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It is possible to trade on margin by depositing a small amount as a margin requirement. This introduces a lot of risk in the foreign exchange market for both the trader and the broker. For example, in January 2015, the Swiss National Bank stopped supporting the https:\/\/day-trading.info\/discipline-in-trading-cory-mitchell-cmt-on\/<\/a> euro peg, causing the Swiss franc to appreciate considerably versus the euro. In the case of a variable spread, the spread will vary depending on how the market moves. A major market event, such as a change in interest rates, could cause the spread to change.<\/p>\n<\/p>\n Trading can be precarious and market volatility may impact your trading earnings. On top of this, you will also need to educate yourself properly to derive a successful trading strategy. Anecdotal reports highlight that traders usually require around six months to a year before they start to earn profit. For the top traders, annual salaries amount to over $150,000, yet the lowest salaries can be around $11,500.<\/p>\n<\/p>\nForex Analyst<\/h2>\n<\/p>\n