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Thread: There are 5 main ways to earn money on Forex

  1. #1

    There are 5 main ways to earn money on Forex

    There are 5 main ways to earn money on Forex: trading is an independent trading of financial instruments (currency pairs, futures, etc.) on the Forex market. In simple words, trading means that you open an order to buy a currency pair, such as EUR/USD at a certain rate, based on the analysis that the rate will rise. If you are right, you can sell them at a higher price, earning on the difference in exchange rates. In normal trading, players constantly analyze the market and make their own decisions about opening and closing deals. Depending on the period for which transactions are opened, there are different types of trading: scalping, daily and long-term trading. Automatic trading is similar to the previous one, only orders are opened by copying trades of experienced traders or by a robot using a specified algorithm. A Commission is charged for copying each transaction. For those who want to trade using a robot, you must first buy it or create it yourself. Investing in PAMM accounts-transferring money to the management of professional Forex traders by depositing money to a PAMM account. However, there is no physical transfer of money, i.e. the trader cannot withdraw your money and disappear with it. This is monitored by Forex brokers, providing access to the trader only for opening and closing positions, without the possibility of withdrawing. The Manager makes transactions within a week based on the available Deposit. I recommend reading: Fundamental analysis of the Forex market after each closed transaction, the result is displayed in relation to the entire available amount. If the transaction is profitable, the investor receives income minus the Manager's interest. For example, you have invested $ 1000 in a PAMM account. For a week, the income was 6% of the invested amount, i.e. $ 60. The Manager of the PAMM account keeps a part of the profit for himself, as a rule, it is 20-50% of the profit ($12-30). If the week closes with a loss, it is distributed proportionally among all those who invested in the PAMM account. Managing trader in case of successful trading, you can become a Manager and open your own PAMM account. Investors can invest money on it, which you can use in trading and get a percentage of the profit from the invested funds. This allows you to increase your profit several times and easily raise your Deposit. Investment consultant-a way to earn money on Forex without investment. If you have the right experience, you can provide paid advice on trading or investing in PAMM accounts, selecting brokers according to the investor's criteria. Each of the above methods differs in terms of initial investment, time spent before making a profit, and the risk of losing the Deposit.

  2. #2
    Forex is a decentralized global currency trading market. It is the largest and most liquid market on the planet, and its average daily trading volume exceeds $ 5 trillion! In terms of profitability, even all world stock exchanges cannot compare with it.

  3. #3
    Exposure on the stock exchange is also very important. Waiting and catching up is very difficult psychologically, but you need to learn this. You need to wait a good deal often for a long time. When this moment comes, you need to act quickly

  4. #4
    Also, before you start trading on Forex, you will have to confirm your consent to the processing and storage of data, as well as accept an agreement on the provision of services, which will specify the responsibilities of both parties. The password is either invented by the user himself, or it is generated automatically and sent to the specified e-mail or SMS to a mobile phone, then it can be changed in your personal account if you wish.

  5. #5
    Forex trading provides an opportunity to get just a huge income in relation to invested funds, while independent trading is by no means the only way to earn money. There are many other ways using which you can also get a good profit regardless of the availability of knowledge and practical experience.
    Ways to make money on Forex independent trading using automatic advisers copying transactions and investing in PAMM accounts.
    Each of the proposed options has its pros and cons which are not always noticeable at first glance to an inexperienced investor. Independent trading - the biggest plus is that you do not need to share cons with anyone, you will find out immediately as soon as you try to conduct your own trading. The main one is the obligatory presence of knowledge and experience.

  6. #6
    Forex trading can be profitable. Especially if you have some starting means and experience trading on the stock market, then you can try to invest or make investments. But for successful Forex trading, it is also necessary to cooperate with reliable and responsible brokers. This is an important point.

  7. #7
    Thanks for the very helpful information.

  8. #8
    In any case, for successful trading, it is necessary to have a basic knowledge of trading yourself. In this case it is less likely to suffer losses.

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