Thousands of people every day are looking for ways to make money on the Web. There is nothing wrong. They are only looking for, first of all, the magic button, by clicking on which, you can put your palms on the monitor, catching the treasured dollars or other desired currency. In real life, this does not happen. Any work (and the Internet is no exception) requires knowledge, patience, time and diligence.
The proposal to earn a couple of thousand dollars for a couple of hours of work per day is just an advertising gimmick, designed to attract the attention of a gullible layman. A particularly impressive Forex ad. The owners of this resource even compose and publish a lot of articles that supposedly are written by ordinary people who are very rich here. To do this, they only needed to press the treasured button with their finger on time. How much can you really earn on Forex? This article is devoted to our article.
Great and terrible Forex
Finding easy ways to make money on the Web will certainly lead you to the Forex website. This is a kind of electronic exchanger where you can sell one currency and buy another. As a rule, this is the whole essence of any speculative activity. Today you buy cheaper, and tomorrow (if the course changes) you sell more expensive. The resulting difference is your income.
“How much can you earn with Forex? After all, currency fluctuations are very small. This is true if you enter the market with 10 dollars. Having invested a larger amount, you can increase the gain at times.
Start from the beginning
Let's try to figure out how to make good money on Forex. First of all, in the words of the great antagonist of such methods of enrichment, one must "learn, study and study again." A trader (bidder) does not need special economic education, although it does not hurt. Materials training on the Forex exchange are publicly available both in print and in video format. There are free tips and paid webinars. Real-time courses are especially popular. But their price is appropriate.
You need to know how the currency exchange works, be able to read charts, learn special terminology, and also learn to guess the fluctuations in exchange rates. A minimum set of knowledge about the economies of the countries with whose currency you plan to work will not be superfluous. Follow the news affecting the price of money, will have daily. If such an activity is to your liking, and at school you were regularly praised for your excellent analytical skills, then move on.
Brokers
To make money at Forex, it is important to find a good broker (dealership). Read reviews, see ratings. Take this step very responsibly. Around the "Forex" revolves a lot of scammers promising profitable tactics designed for gullible beginners. An experienced mentor is very useful. But a real professional is worth real money. But the learning process will go easier and much faster. The mentor will follow your every step, warning of possible errors. The broker's task is to provide access to the exchange and introduce the basic market data (news, ratings, charts, tables). Also, every good brokerage company holds regular training seminars.
According to the ratings, the best in this business are:
- Alpari is a well-known and reliable broker. He is licensed by the Central Bank of Russia and a number of awards for successful activities. Has been operating in the market for over 20 years.
- "Forex Club" - is popular in Russia and the CIS countries. Widely known abroad. Marked by many awards, licensed by the Central Bank of Russia. It also works for more than 20 years.
- RoboForex is an international broker, a recognized leader in this field, although it was created not so long ago. It is considered the best option for automated trading on the exchange.
Demo account
After choosing a broker, download the terminal and open a demo account. Then work calmly with him: make deals, create your own strategy, and learn from your own mistakes. The money here is virtual, so there are no risks. There is a demo account for 6-8 months. When you get comfortable and understand the important points, you can draw up a real account with real money. Now there is a risk of losing them, but if successful, your capital will increase significantly.
We trade real
Trading is carried out in lots (minimum amount of currency). For an ordinary trader, the amount is significant - $ 100,000. When you open an account, you are given a leverage, that is, a loan secured by deposit money. Usually it is calculated 1: 100. You deposit on account 1000 and have at your disposal 100000. The option is 1:50.
The loan is free - in case of loss, the amount of loss is limited to invested money. The bank has a commission fee (spread) for each participant.
How much can you really earn on Forex?
This is the most important question that potential participants ask. It is very difficult to determine in advance how much you can earn on Forex. It depends on the amount of contribution, experience in bidding and, of course, on luck. Revenue is calculated as a percentage. Profitability of 50% is a very good result.
How much can you earn with $ 1000? If luck favors, then 500 is a very real indicator. On the promised mountains of gold - so far it seems a little. But when the contribution is $ 10,000, it’s already worthwhile to confidently rely on a win of 5,000 - a much more attractive figure.
Mostly newly made players come to the market with a couple of hundred dollars. How much can you earn on Forex a month with such starting capital? If successful, the profit will be from $ 20 to $ 70. To have an income of $ 1,000, you need to invest about 12,000.
Is it possible to work without money
For such an activity, you need a broker who will open a cent account. As an investment, and $ 10 is enough. But be aware that this trade is almost non-profitable. Do you have $ 20? Contact your broker and take a leverage of $ 500. Play on the stock exchange, but only until your invested money runs out. Further access to the remaining loan will be closed.
Do you know how much you can earn on Forex with 10 dollars? Almost nothing. However, do not rush to risk big money. Making money at Forex, you need to realize that playing in the foreign exchange markets is always a huge risk. Therefore, deposit only such amounts that you can lose without prejudice to your financial situation.
Analysis methods
The ability to analyze the market situation is the most important criterion that affects how much you can earn on Forex.
Traditional types of analysis:
- The fundamental method. Studying the international economic situation by collecting information in the form of the most relevant news, authoritative opinions of heads of state and heads of large banks. The tools here are the media, as well as data provided by brokers.
- Technical method. The trader carefully studies the charts, analyzes the ups and downs of indicators, based on these data makes a forecast of the course.
Types of work at Forex
On the exchange you can work in several modes:
- Classic trading. Every day you collect information, do analysis, make decisions, buy and sell. As a result, the results of the work depend only on your actions.
- Automatic program. This option provides for trading using a special service. Despite the apparent simplicity of this method, you need to take into account a simple thing: how much you can earn on Forex will not be determined by you, but by a specific set of algorithms. Therefore, do not rely heavily on such an assistant.
- Transfer of capital in trust to another trader. He will make transactions on your money and make a profit. And for his services he will take up to 50% of the amount received.
- PAMM Account. This service involves the union of traders and investors for joint trading on the exchange. At the same time, investors receive income without participating in the auction personally, and traders have additional profit for the skillful management of other people's funds.
Choosing any way to participate in the stock exchange game, carefully study the ratings, reviews, black lists, so as not to lose your money.
"Forex" - a scam or not
You can often hear very negative opinions about how much you can earn on the "Forex". Many believe that this is a fairy tale for especially gullible citizens. Usually, people who are defeated here say so. We will understand the reasons for their failures.
1. The newcomer came to the stock exchange and almost immediately lost. Does this mean that the whole system is a hoax? Let's say someone opened a store. I bought goods, made a showcase, but its trade turned out to be unprofitable. Perhaps the work itself was organized incorrectly, for example, a product that was not in demand was selected for sale. A miscalculation may also occur in the absence of advertising. In any case, this person will not argue that trade is a scam. Many people earn a lot of money in this direction. And our woe-merchant is likely to find himself in another field, for example, becoming a first-class woodcarver.
2. Your broker does not bring transactions to the real market. Sometimes it happens. In a similar situation, all claims to the broker, and not to the "Forex". If you invest decent money and conduct profitable trading, then good brokers will surely bring you to the real market
3. The market is a chaotic movement of targets. Therefore, nothing can be calculated and predicted in advance. This is the essence of any trading system. There is no deception here. If something has arrived somewhere, then something has disappeared from somewhere. Your profit is always someone's loss. That is life. Learn new things, analyze the results of your actions and decisions, weigh each step. Find an experienced and honest mentor, even if you have to spend a little money. Over time, such an investment will pay off with interest.
4. The broker does not allow to withdraw money. In this situation, you contacted not a broker, but a fraudster. Alas, no one is safe from this. Do not believe the empty promises of quick and easy money. Only select trusted and trusted candidates.
Conclusion
Forex is an ideal place for those who like to profit from someone else's expense. The desire to get superprofits immediately, without experience and knowledge and without investing large sums - this is the right way in the hands of scammers.