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This estimate can show how much a forex day trader could make in a month by executing trades: 55 trades were profitable: 55 x 80 4, 45 trades were losers: 45 x (50) (2,). The amount you can earn from Forex over the long run is nearly limitless.
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Most forex brokers charge no commission, instead they make their margin on the spread which is the difference between the buy price and the sell price.
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A profit is taxable as a short-term gain if a position has been held for a year or less, as long-term if held for more than a year.
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On top of that, other fintech startups began emulating Robinhoods model, and a parallel revolution was going on in the world of exchange-traded funds Author: John Divine.