This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
This is actually a bit of a tricky question, surprisingly enough. CFD traders don’t have their earnings public available like many government employees, so it’s not like you can look it up easily. Also, it’s not like traders even have employers you can ask; how much money a CFD trader makes is entirely up to them, and they can be as secretive about it as they want.
Brokers, however, do keep track of their trading statistics, from which you could presumably gather earnings data. But these companies are notoriously tightlipped about how much their customers have and make, mostly to protect their customer’s privacy. All this is to say that potential earnings are mostly estimates that are self-reported, and there are reasons for traders to both exaggerate their results as well as downplay them (especially around tax officials).
What About Billionaires?
Is it theoretically possible to make a load of money tradin...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.