Trader Salary [Real Data]
Published: 16 September 2020 by Andrew
How much does a trader earn? How is a Trader Salary? For those who approach the world of online trading for the first time, this question is very important and often has completely wrong answers.
The aspiring trader, in fact, imagines the life of the professional trader as a very rich gentleman, who earns millions and who lives in the most unbridled luxury, surrounded by wonderful women and going from one party to another.
If this is the fantasy (perhaps the desire of many aspiring traders) it is good to face immediately the reality. It is good to know that not all traders become millionaires (indeed, some also lose money).
And then even those who really make it, and there are many, certainly do not devote themselves to a life of excess: after all, online trading always requires a clear mind, often the great traders do not drink and do not take drugs, so they can earn their trader salary with continuity.
An example? The legendary Warren Buffett, perhaps the greatest trader in history, lives in a modest house and drives an equally modest car, which hasn’t changed for many decades. Yet he was able to accumulate immense fortune and to become one of the three richest men in the world, starting from an initial investment of a few cents.
In this guide, we analyze two types of Trader Salary: earnings of professionals and beginners. We also talk about the best recommended trading platforms for those who start trading, such as eToro.
Fortunately, there are many platforms that are actually simple to use and which are therefore also suitable for beginners. Why do we start immediately with eToro?
Not only is it really very simple to use, but it even allows you to copy, in a completely automatic way, all the trading operations that the best professional traders in the world do.
In this way, beginners have the opportunity to immediately get the same results as professional traders (with a little commitment even their trader salary) and they can also learn how to trade just by observing what these great experts do.You can sign up for free on eToro by clicking here
Trader Salary: how much a Professional Trader earns
Let’s start immediately with the most interesting topic: professional traders. Well, in order to be defined as professionals, you need to be able to live on trading, that is, to have a rather high monthly income.
In any case, the category of professional traders is really varied to make a precise statistic of trader salary. They range from the small trader who operates from home, even if he manages to earn maybe 10,000 euros per month, up to those who have created real empires, such as Warren Buffett, who have a real war machine to operate on the markets and literally making billions.
In general, however, the professional trader is a real entrepreneur. Why do we say this?
Because often, in addition to the capital needed to trade, he invests money to subscribe to high quality trading signal services or for news services such as Bloomberg.
These are investments that can cost several thousand euros per month, but which are necessary for those who decide to make trading their profession.
Many professionals, however, use the trading signals of the ForexTB trading platform which have proven to be truly reliable (and 100% free).You can request ForexTB signals for free by clicking here
Among other things, the signals of ForexTB can be useful to a professional but are particularly valuable for a beginner trader.
Read also our full review on ForexTB
Trader Salary: ow much a beginner trader earns
How much money can a novice trader earn? There are various factors to consider, such as:
- The Trading Platform used (can make a difference)
- The capital initially invested
- The level of knowledge and experience
In general, we can say that the dream of getting rich, with trading, in a fast way is destined to remain a dream. Indeed, in some cases, this dream risks turning into a nightmare if you run into a scam (and in that case other than easy money, you lose everything).
Best trading platforms for beginners
First, therefore, the beginner who wants to make money by trading must carefully avoid any type of scam. It is not difficult, in fact, it is one of the easiest things: if someone promises easy money, then he is a scammer and you have to stay away from him, as much as possible.
The best trading platforms are the authorized and regulated ones: they are truly safe because they are required to comply with the very strict European regulations that protect investors. The supervisory bodies (for example CONSOB in Italy) monitor compliance with these regulations and guarantee the protection of customers’ money.
A good trading platform, however, must not only be safe, it must also be free (zero trading fees) and easy to use. Even better if it offers additional services or training for beginner traders.
Below, our complete list of the best beginner trading platforms:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 250€
Min. Deposit: 100€
Our list starts with eToro because it is truly one of the easiest trading platforms to use. Indeed, eToro is much more than a trading platform, it is also the largest investor social network in the world.
Thanks to a patented software, therefore, it is possible to find professional traders who in the past have obtained the maximum profit with the minimum risk. These traders can be copied automatically: the software will reproduce all their operations in real time. Those who copy don’t have to do anything, just select the best traders and monitor the earnings.
As we have already seen, the advantage is double: you can immediately get results from professional traders and you can learn online trading.You can sign up for free on eToro by clicking here.
If you want, you can also read our full review of eToro.
ForexTB is the other great opportunity for novice traders who want to start without mistakes. It is a simple to use, very secure platform, particularly suitable for beginners.
All members are assisted on the phone by a true trading expert who provides advice and guidance.
Those who want to learn online trading better have the opportunity to download, for free, a truly exceptional trading course.
The numbers are clear: hundreds of thousands of people in Europe have downloaded this course. Why?
- The course is completely free, while other trading courses, definitely of lower quality, have very high and unjustified costs.
- It is very suitable for beginners, because it is written with a simple language. Other courses are written in complex language and are full of technical terms. Paradoxically, they are useless for beginners who cannot understand anything at all.
- It is a fully practice-oriented course. Those who want to start trading online don’t have to take an exam at the University, what they want is simply to make money by trading. And the ForexTB course perfectly explains how to do it.
The benefits of ForexTB, however, are not over yet. In order not to stretch too much, we will mention just one more: the possibility of using for free a great demo platform that allows you to trade with virtual money to accumulate risk-free experience.You can sign up for free on ForexTB by clicking here.
Iq Option is a broker particularly appreciated by beginner traders because, in addition to being very intuitive, it allows you to start with an initial capital of just 10 euros. This means that it is truly accessible to everyone: it is simple to use and a very low investment is enough to get started.
Beginners have the opportunity to study an impressive number of free video courses: in this way they have the complete view of trading, starting from the basics up to the most profitable strategies. Iq Option also offers a free, unlimited and unconstrained demo account, if you want to know more about all the benefits of this broker, you can read our full review here.You can sign up for free on Iq Option by clicking here
Trader Salary: Investment Capital
After choosing the trading platform, which is really important, the second factor, that determines how much is trader salary, is the capital invested. It is obvious that the higher the capital invested, the more potential earnings.
Is it convenient, for a beginner trader, to start with a lot of money? The answer is no. Much better to start trading with small amounts at the beginning and then increase, gradually, as the experience increases.
The best online trading platforms, that we presented in the previous paragraph, allow you to start trading with a limited sum, usually around 250 euros. There are, however, exceptions, such as Iq Option which allows you to start with just 10 euros.
Starting with a low capital, the trader earns less than he could have but protects himself significantly. Never as in this case is the proverb true: Slow and steady wins the race.
Trader Salary: Experience and Knowledge
The third factor, that determines how much a trader earns, is level of experience and knowledge. Obviously an experienced trader usually earns more than a beginner trader because he has more experience.
Beginner traders, however, must not be discouraged: they can achieve excellent results, provided they are committed to learning and experience.
How to learn trading? The ForexTB course, which we have already talked about, is an exceptional alternative for those who want to learn how to trade online. Among other things, we have already explained how all ForexTB members receive free phone support from a real expert who provides advices and explanations.
And how do you go about accumulating experience? There is no other solution than trading. The best trading platforms (all those that we have presented) guarantee the possibility of operating with a demo account. In practice, it is an account in which virtual money is deposited with which to make risk-free trading operations.
Thanks to the online Demo trading mode, it is easy to experiment and have the necessary experience, without risking absolutely anything.
Make Money with Trading: opinions
Those who decide to trade online must be very, very careful about the opinions on online trading. Unfortunately, there are too many false opinions that can greatly damage those who decide to start operating on the markets.
To simplify, let’s consider the two most dangerous opinions: online trading is a scam and online trading is a way to make easy money.
Not only are they two totally false opinions, but they are also related: scams exist, it is true, and scammers spread the word that with trading you can earn easy money, thanks to miraculous systems.
With these systems, obviously, nothing is earned: everything you invest is lost, up to the last penny. Whoever is victim to these scams, then, thinks that all online trading is a scam.
But that’s not the case at all: there are serious, authorized and regulated platforms that do not defraud their customers, do not promise easy money and even warn of trading risks.
The principle is that making money on the stock market is not difficult, but without commitment you can’t get anywhere.
Conclusions: Trader Salary
In this article we have highlighted the main factors that determine the Trader Salary.
We talked about the best trading platforms, the level of experience needed to trade and the capital to get started.
It is important to remember that a beginner trader cannot hope to become a millionaire quickly (there is no easy money) but he can still aim to obtain excellent results quickly.