Scam (deception) or a real opportunity? How to make money in Forex Ways to make money in the Forex market.

Hello, dear readers of the financial online magazine "site"! In this article, we will analyze the topic of how to make money on Forex from scratch without trading and investing experience in financial markets. The review provides three main ways to make money on Forex and recommendations for beginner traders and investors in the Forex currency market.

The Forex currency market is an exchange where currencies and other trading assets are exchanged between market participants - buyers and sellers. Directly on the currency exchange itself to an individual you won’t be able to earn money, because you need to open a trading account with a brokerage company that will provide the client with access to Forex.

1. Be trained in basic knowledge about Forex.
2. Start practicing and testing your trading on demo accounts (democ contests with cash prizes are ideal).
3. Test at least ten different trading strategies.
4. Clearly adhere to your trading algorithm (plan).
5. Keep a trader's diary (record and describe all your trades).
6. Constantly analyze and optimize your trading.

A good start in a trading career is mentoring a practicing professional trader. Good results are shown by the students of such a well-known trader as Gerchik Alexander Mikhailovich.

Method 2: Investment

The second way how to make money on Forex from scratch is by investing. The essence of investing in Forex is to buy an investment instrument or invest money in it on the agreed terms for the payment of a management fee and, in most cases, for a certain period of time.

In this review, we will analyze the most basic investment solutions from brokerage companies that do not require special knowledge or skills.

There are such investments in Forex:

Forex investments are most often long-term investments, but recently many investors have even learned how to trade PAMM accounts - topping up on drawdowns and withdrawing part of investments at the peak of profitability. Despite the additional benefit from such actions, it is better for novice traders to invest the entire amount allocated for investing in Forex at once, distributing it into several different PAMM accounts to diversify risks.

It should be understood that investing in Forex is a risky business and can lead to losses for the investor. Therefore, you should invest only the amount of money that the investor can afford to lose.

The best PAMM accounts with Alpari:

	PAMM account name			Age, years	PAMM capital, $		Min. Contribution, $
																				MetaTrader 4 SWFX
			1977

This month I earned +120% on Forex to my deposit. Do you think becoming a millionaire at 25 is real? How to make millions without getting up from the couch? Do you want to know how to earn huge money lying on the beach, on the seashore?

Agree, the first thoughts that come to mind after listening to the above listed advertising of absolutely all dealing centers (hereinafter DC), isn't that a scammer. We are all adults and we understand that free cheese can only be in a mousetrap, but here they promise mountains of easy money. And yet, after thinking a little, we take our money and try to find out in practice: " What if I was wrong and this is a real way to earn a lot of money on Forex?".

Hour X comes and the novice trader makes the most stupid decision. In hope earn money in the Forex market (Forex), a trader goes to study at a company that makes money from traders. Unclear? OK, I'll tell you more.

Dealing center- a company that provides a trader with a trading platform and access to the Forex market (Forex). In most cases, DCs earn not on commissions from trades of traders (as it should be), but on the ruin of a trader. With a complete loss, the money from the trader's account flows to the account of the dealing center.

A novice trader goes to study in such companies, and as you understand, he is taught not how to make money, but rather how to lose money. They tell in detail what a trend line is, how to work with a support and resistance line, they will even show trading formations (patterns), give examples on the chart, and especially meticulous students, for greater persuasiveness, will be presented with detailed statistics of transactions, where the numbers +$1000 appear, +2500$ and so on, well, you understand, the larger the amount, the more convincing the teacher looks. The DC teacher will also not forget to mention the statistics, according to which 95% of newbie traders lose their money in the very first transactions and no longer return to the foreign exchange market.

At first glance, everything looks just great, no deception, they told, showed, and even warned, but all these stories only affect inexperienced and greedy people. The fact is that a trend line can be built in different ways, and it will be great to draw it only on history, and the patterns that the Teacher boasted about so much no longer work, because the currency market is alive, it tends to change, and what worked yesterday , very often will not work tomorrow.

Well, the statistics are against us, or rather, against the majority, who do like everyone else, but this is not the most important thing, the main problem is that we started doing a business that we initially gave an assessment of " Isn't this a scammer?". This thought will sit until the very end, and what is very sad, this end comes very quickly.

Having tried to trade, the new trader rather thinks not about the quality of the transaction, because he was not told that it could be somehow different, but about how to make money fast in the Forex market (Forex) and what can be bought with the money earned from the exchange. Are you familiar with the proverb " Sharing the skin of an unkilled bear"When you start doing this, it usually doesn't work out, and a novice trader can't be multiplied by 100 Because he does EVERYTHING wrong. Having received the first knowledge, he did not deign to check them, his head is full of transaction statistics provided by the teacher from the DC and illusions about speedy wealth.

But, this does not happen, and instead of wealth, expectations to earn, the trader loses his hard-earned money. What do you think he will say to others? Of course, Forex trading (Forex) is a scam (deception), everyone is to blame: the DC, who lured with advertising, the Teacher from the DC, who taught poorly, but in no case is the new trader himself to blame, because no one told him that before making money, it would not be bad to learn this. His head was filled exclusively with wealth, new cars, apartments, yachts, he saw himself already in a new image, but to think about the mundane, that people only study at institutes for 5 years, of course, I don’t want to think about it, because money need fast.

How to make money in the Forex market (Forex). The essence and principle of action

Forex (Forex, sometimes FX, from the English FOReign EXchange - “foreign exchange”) is an interbank currency exchange market at free prices.

I hope that now you are mentally prepared that you will not see easy money, and in return you will have to study, study and study. If you do not understand, go back and re-read the introduction again, the rest "Follow me!".

To get started, check out the Trader's Library. I have prepared a good range of books on the topic "how to make money on the exchange", which is suitable for both beginners and more experienced traders.

Let's understand the theory of how to make money on Forex.

How to make money in the Forex market?

Many of my friends know what I do. For them, the word "trader" is associated with something grandiose, but somehow, the conversation turned to the practical part, and they asked me: " How exactly do you make money in the Forex market?". Frankly, for me it was a strange question, because I thought that the explanation lies on the surface: bought cheaply, sold dearly, profit in my pocket.

But, since people are interested, I will try to answer in a simple form, using a banal example:

According to reliable data, you learned that in a month soap will cost 15 rubles, although now it costs 10 rubles. How to earn on your information?

Now you need to buy soap for 10 rubles, and when it costs 15 rubles, sell it, and get 5 rubles from this transaction. The task is simple, but this simplicity is the essence of making money on the Forex market.

Trading on the foreign exchange market takes place through special terminals, of which there are a lot. For trading on the Forex market, the MetaTrader 4 terminal is usually used (in one of the articles, I will describe in detail the functionality of the platform). Trading operations are carried out using the terminal (Sell, Buy, etc.)

The principle of earning on the Buy position (purchase)

let's consider real life example of how to make money on currency speculation on Forex (Forex).

Buy order for the EUR/USD currency pair

1 lot in EUR/USD pair = $100,000

1 pip with an open trade of 1 lot = $10

Let's draw an analogy with our example about soap. Just like with soap, for some reason, the trader decides that the price 1.2928 is cheap. A trader makes a deal on Buy with the 1st lot, in other words, he tries to earn money on a short-term rise in the price of EUR (Euro) against USD (Dollar). Once the price reaches the level 1.2973 , the trader closes his position (sells).

Let's do the calculation. Between 1.2928 And 1.2973 price passed 45 points, 1 pp = 10$ , it turns out that on this transaction, the trader earned 450$ .

The principle of earning on a Sell position (sale)

Here the example with soap will not work, but without it the essence will be clear.

Sell ​​order for the EUR/USD currency pair

Let's look at the following example of earning on Forex, in which the trader wanted to make a Sell deal (sale). The question immediately arises: What about the sale? After all, in order to sell something, you don’t need to buy something."Quite right, but slightly different rules apply on the foreign exchange market. The DC allows you to make a sale, as if on credit, so this transaction is quite real on the foreign exchange market.

And so, the trader decides that the price 1.2960 for the EUR/USD pair is overvalued, and is waiting for a short-term decline. To capitalize on their expectations, the trader follows the price 1.2960 make a Sell deal and wait for an acceptable price at the level 1.2893 . After the transaction is closed, funds will be transferred to the trader's account at the rate of:

Sold for the price 1.2960 , the transaction is closed (purchased) at the price 1.2893 , as a result, it turns out that the couple passed 66 pp, which in terms of money equals 660$ .

How to make money on Forex (Forex) online

Choosing a DC for registering a trading account

Now that we know how, in theory, traders earn by speculating in currency pairs on Forex, we can consider several options for Dealing Centers for opening a trading account and withdrawing our money to the exchange.

It must be admitted that in our time Dealing centers are a dime a dozen, for this reason, it is very easy for a new trader to get confused and choose an unscrupulous company.

What do I mean by "dishonest"? Will explain.

Unfortunately, in Russia (I don't know about other countries), the Forex market is not regulated by the government. This means that the Dealing Center can register its companies, for example, in Cyprus and, in case of disputes, sue under Cypriot laws.

How many will do it? I think no.

For this reason, DCs are often compared to a “kitchen”, which means that transactions that traders make are not brought to the market (exchange), but are rotated exclusively within their company. There are several reasons for this:

• Knowing the statistics of losing traders, the DC thinks as follows: "Why take a deal to the intermarket and pay for it if the trader loses the deposit anyway. I'd rather make the appearance of trading on my simulator, leaving all the profit to myself."
• There are traders who are able to make money, but you can also find the key to them. Which? Yes, just do not pay the money earned, and let him sue, I don’t understand with whom.

Fortunately, the government will soon take the side of Russian traders, if I am not mistaken, in October 2015, in the Duma, they will adopt a law on the regulation of the Forex market and present requirements for brokers (dealing centers). Now, to the question: How to make money in the Forex market?", there will be only one answer: " Analyze, learn and earn, now no one bothers you".

In one of the following articles, I plan to describe this law in more detail and put it on the shelves.

The law is the law, but we should not mess up, you can't make a mistake and choose a one-day company. I suggest you stop at 3 reliable brokers. Their reliability lies in the feedback of our fellow traders and the age of the company.

In addition, at a time when the Internet is moving by leaps and bounds, website design can say a lot. More than once I visited pages that are engaged in serious investments (as they say), and the site is made, as they say, "on the knees": nondescript, gloomy and not interesting.

You say: " Yes, this is not an indicator, the site can be made anything in beauty?"You can, no doubt, but as practice shows, one-day companies do not bother too much about design. Their goal is to attract a client, fool and abyss.

1. Alpari company.

The company has been on the Forex market since 1998 and has proven itself both in terms of customer service (timely payments, high-quality functionality, experienced analysts, etc.) and its reliability.

In addition to excellent conditions for trading traders, Alpari offers great opportunities for investors: PAMM accounts, PAMM portfolios, investment funds, structured products, etc. In my opinion, it is in Alpari that profitably trading traders and the yield curve of PAMM accounts are collected, which is a confirmation of this.

2. RoboForex Company.

In the Forex market since 2009. Despite the fact that the company is registered in Cyprus, there are no claims either for service or for the execution of orders. On the Internet you can find a lot of positive reviews that add significant bonuses.

Of the features: free access to the VPS server, the One-Click Trading service, designed for strategies aimed at making a large number of transactions, the Rebates program, which allows you to reduce the spread.

3. Forex4you company.

It began its activity in 2007, provides access to the interbank Forex market using the NDD model. At one time, I talked with the guys who had registered accounts of $ 100,000, every month withdrew profits of 5-10%, and there were no complaints, delays or negative factors.

The company cooperates with several banks. The main features are: the Share4you service, which allows you to automatically copy transactions on Forex, PAMM accounts, investment security of funds: funds from 100,000 USD are stored in one of the banks in Switzerland, services of depository banks for clients investing from 500,000 USD.

Additional Information!!!

The forex market attracts millions of people every year, painting in their heads the image of a carefree rich life and the opportunity to trade from anywhere in the world. But is it really so. Today we'll talk about how to make money on forex for a beginner from scratch and whether it is necessary to spend time and money on it.

• How to make money on forex
• Forex how to start earning for a beginner

Is it possible to make money on forex

Even 3-5 years ago, when I got acquainted with Forex trading, statistics showed that only 1-2% of players successfully earn money in this business. Recently, when reading the news, I already came across the figures of 10-12%. Thus, in just a few years, the number of profitable Forex market participants who provide for themselves and their families through trading has grown 10 times. Therefore, the answer to the question of whether it is possible to earn good money on Forex, based on practice, is obvious - it is possible.

I am sure that the real numbers are many times higher, since a huge amount of useful information on trading is now available and with the right approach, it will take you 1.5-3 months to drain the deposit. This is if you make similar mistakes over and over again without trying to analyze and learn from them.

How to make money on forex

There are 5 main ways to make money on Forex:

• Trading is an independent trade in 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 rates.

In normal trading, players constantly analyze the market and make their own decisions about opening and closing a deal. Depending on the period for which transactions are opened, there are types of trading: scalping, day and long-term trading.

• Automatic trading– similar to the previous one, only orders are opened by way or by a robot according to a given algorithm. There is a fee for copying each transaction. For those who want to trade using a robot, you must first buy it or create it yourself.
• – transfer of money to the management of professional forex traders by depositing money into a pamm account. At the same time, there is no physical transfer of money, i.e. the trader cannot withdraw your money and be lost with it. This is monitored by forex brokers, providing access to the trader only for opening and closing positions, without the possibility of withdrawal. The manager makes transactions within a week based on the available deposit.

After each closed transaction, the result is displayed in relation to the entire amount available. If the transaction turned out to be profitable, the investor receives income minus the percentage of the manager.

For example, you have invested $1000 in a pamm account. For the week, the income amounted to 6% of the invested amount, i.е. 60$. The manager of a 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, then 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 receive a percentage of the profit from the invested funds. This allows you to significantly increase profits and easily swing the deposit.
• Investment Advisor- a way to make money on forex without investment. If you have the proper experience, you can provide paid consultations on trading or investing in pamm accounts, selecting brokers according to investor criteria.

Each of the above methods differs in terms of initial investment, time spent before making a profit and the risk of losing a deposit.

You can choose the most suitable way to make money on Forex using the table

As you can see from the table, if you are not ready to devote a lot of time to learning to trade, but have small financial investments from $100, then it is better to choose automatic trading or investing in PAMM accounts.

Using these methods, you can start earning in 1-3 business days. but copying transactions and have a high degree of risk, since the investor does not influence the opening and closing of positions in any way. Therefore, there is no control over profit and loss, other traders or a robot manage your money. You you can intervene in the process by closing the deal manually, but I do not advise you to do this, because the order was opened according to a certain strategy and the price can turn in the right direction.

Investing in PAMM accounts in this case is a less risky way., as you can see and analyze in advance the success of trading and the maximum allowable drawdown level for each manager. This will allow you to select the accounts that are most suitable for your earning style:

• conservative with minimal risk and yield of 1-5% per month
• moderate with the possibility of capital loss from 20 to 50%, etc. return of 5-15% per month
• aggressive with a yield of 50-200% from the invested funds for the month, but with the risk of losing all capital.

For people who have enough free time and a desire to understand all aspects of the forex market on their own, the trading option is suitable, followed by the transition to consulting or scaling by creating their own pamm account.

In this case, it is almost impossible to immediately become a consultant or manager without good experience. In addition, independent forex trading has an optimal combination of time, money and risk. By investing from $ 10, you can earn the first money after 10 days of training.

Having decided on the methods, we move on to a step-by-step plan on how to make money on Forex for a beginner.

Forex how to start earning

To make money on Forex for a beginner from scratch, it is enough to take 4 steps:

1. Choosing and choosing a forex broker

At the moment, a huge number of brokers work in the Forex market. However, licensed in Russia until the beginning of 2019. was only 9, and from January 27, 2019. 4 will remain. And to trade through those that remained many times more difficult and slower.

I have long had a discussion about the fact that licensing in Russia only works as a sedative. In fact, the introduction of licensing by the Central Bank of the Russian Federation led to a significant deterioration in the terms of trade for traders. Thus, the maximum leverage of a broker licensed in the Russian Federation is no more than 1:50. Other brokers can reach up to 1:500.

Therefore, when choosing a forex broker, do not focus on the availability of a license to operate in the territory of the Russian Federation, but be guided by the period of being on the market, trading conditions, ease of operation, the availability of suitable methods of depositing and withdrawing funds, etc.

I advise you to choose 2-3 brokers, register with them and verify your account (send documents confirming your identity for verification). While the profile is being verified for 1-2 days, you can start learning to trade on Forex.

Now it is rare to find a forex broker that does not provide training after registering on the site. But usually they teach theory, how the terminal works, how to open and close a deal, i.e. provide superficial information. Starting trading after such training is difficult and fraught with losses. I recommend combining training brokers with watching videos and reading books by Alexander Elder, as well as learning the basics of trading and getting acquainted with articles:.

Trading on a demo account helps you decide on a trading strategy, see how the Forex market behaves during the news, choose a convenient timeframe and learn how to use indicators in practice.

I do not advise you to trade on a demo account for a long time, 7-10 days will be enough. Next, switch to trading on a real account.

1. Open a real account and start earning on Forex

You need to start trading on a real account by checking the account verification. One of the main rules of working with a broker is the presence of a confirmed personal account. Without it, you can replenish your account, but you can’t withdraw money.

Before opening, be sure to look at the types of trading accounts offered by the broker and the conditions for performing transactions.

The choice of a live account depends on your trading style and financial capabilities. As a rule, most traders offer the following for trading: account types:

• Cent accounts– for players who want to start trading with a minimum deposit of $1-10. Convenient for beginners and those who are testing the purchased robot.
• classic account- the most popular among traders around the world. The recommended minimum amount for trading is from $100-500. Otherwise, there are high risks of quickly losing the entire deposit by stop out if the price goes the other way.

• Pro account– a professional account with a high speed of execution of transactions at market prices. Ideal for scalping and news trading.

Having chosen an account, start trading on the minimum lots, be sure to follow the rules of trading on the forex market.

This information is enough to start making money on Forex from scratch, even for beginners.

Keep a diary in which you record all transactions, opening signals, results and conclusions. Try to analyze drawdowns especially carefully, write down mistakes and not repeat them again.

Happy trading.

How much can you earn in the Forex market? Is it really possible to make money without investment? Personally, I managed to earn $500 in 2 days. To be honest, it's not very easy.

Hello dear readers! Alexander Berezhnov is with you and in this article I want to talk about my experience of trading on the Forex market. I will tell you honestly that this is an exciting activity for people with good erudition and strong nerves.

Here I will also tell you how to do it and through which brokers it is best for novice traders to work.

This material will be especially useful for beginners, and those who are just going to trade in the foreign exchange market. After studying the article, you will understand "your" it or not, what are the advantages and disadvantages of this way of earning.

1. What is the Forex market and how does it work

Forex Market(Forex) is an international currency market, which is a kind of virtual space where the price of financial instruments - currencies of different countries - is formed at the current time.

This market does not have a single trading platform (exchange), unlike the stock market. Due to the fact that this market is international and is conditionally divided into trading sessions (American trading session, European and Asian).

Forex operates 24 hours a day, 7 days a week. This means that you can earn here at any time.

The currency market itself was originally intended so that large companies, banks and even entire countries could exchange one currency for another, that is, for example, buy euros for dollars, sell francs and buy yen (Japanese currency) and so on.

But, as they say, a holy place is never empty.

And along with the emergence of the market itself in 1971, it began to attract financial (currency) speculators like a magnet, who are usually called traders*.

Trader- (from the English "trader") is usually applied to people who make speculative transactions in order to make a profit in the foreign exchange and stock markets.

Therefore, having started trading on Forex, you automatically fall into the category of traders, acquiring a complex, highly paid, and very risky profession.

How you can make money on Forex - a clear example from real life

We all see how the dollar and the euro behave against the ruble, especially in recent times.

Let's say you bought $1,000 by investing $50,000 in that purchase (50 rubles per dollar).

If in a couple of days the price of the dollar goes up and it costs 53 rubles, then by selling your thousand dollars, your profit will be 3,000 rubles.

This is rude, since the bank will charge you another commission for exchange transactions, but the general meaning does not change from this.

Making a profit on currency speculation is like buying tomatoes on the market for 50 rubles per kg, and then coming and selling near your home to women who are “dying” without fresh vegetables for 70 rubles per kg.

Please note that the price may not rise for the dollars you bought, but rather fall, and then you will either have to sell your thousand dollars and fix a loss, or fill up and wait for the "greens" to rise in price.

Of all the brokers operating in the territory of the Russian Federation, only one company, which has existed since 1998, fully meets the above criteria. Excellent training, low spreads, the best customer support (Alpari has an office in almost every city where free consultations are held).

Alpari teaches beginners to trade Forex for free - you will master the terminology from scratch, understand the interface of the trading terminal, master 10-15 strategies. Just fantastic.

There is a third option, when you have already bought dollars for 50,000 rubles and the price has gone down.

When the price falls, buy more dollars, thereby averaging the purchase price, and sell the entire stock of currency when the price goes up.

Now I have given you an element of a trading strategy in the Forex market, which is called "averaging".

In some cases, “averaging out” is justified, but very risky, since the price of the purchased currency may continue to fall and then the value of your currency portfolio will rapidly decrease.

2. Is it possible to make money on Forex and is it possible to do it without investments?

Yes, you can make money in Forex and very quickly. This is what attracts a large number of people every day.

After all, money loves an account, right?!

Is it possible to make money on Forex without investments?

There is such a possibility.

For example, consulting and trust management.

Profit in Forex is formed in any case in the presence of trading capital.

That is, in order to make money, you definitely need to invest in a particular currency in order to sell it later.

But! If you have experience and understanding of the principles of trading and you are confident in your abilities, then you can give advice to people trading in Forex and take your percentage of their profits.

To do this, you will need to constantly analyze the situation in the market and in the world, but the payment for your intellectual work will be very worthy.

Developing this idea, you can offer a person who has money to be his hired trader.

That is, he opens an account for himself, and you trade on it, and divide the earnings, for example, 50 by 50. If your work makes a profit, then the investors themselves will incur money for you.

Thus, we can say that it is impossible to make money on Forex without investments, the only question is whose investments it will be.

What you need to make money on Forex - 4 basic conditions for a safe start

Let's now look at what you need to know, be able to and have in order to profit from currency trading.

These prerequisites will be essential if you decide to become a trader in the foreign exchange market.

Condition number 1. Initial capital

Yes, freebie lovers will have to smoke on the sidelines, since earning quickly, at the same time a lot and without investment can only be done in criminal or morally unacceptable ways.

Here it is necessary to think not in money, but in percentages, since working on Forex is something between speculation and investment.

For example, it is considered good earnings if you are here STABLE earn a profit of 3%-10% per month, which is an average of 30% before 100% per annum.

A trader receives such a percentage of the invested funds if he does not invest back the received profit, but withdraws it and spends it on his own needs.

If a trader does not withdraw his profits, but systematically builds up his trading account, then taking into account compound interest (when interest is superimposed on interest), his annual profit can be from 100% before 500% per annum.

In theory, this is true, but practice shows that only a few people out of a hundred are generally able to make a profit here, comparable at least to the interest on a bank deposit ( 8%-15% per annum).

Thus, if you want to earn $100 per day ($3,000 per month), then you will need at least 10 times more capital.

Condition number 2. Special knowledge and experience

Like it or not, there is nothing to do without knowledge and experience in Forex, that's for sure!

You can get them by starting to study articles, literature and videos on the topic, as well as by opening a virtual trading account and practicing on it.

In the meantime, it remains to become a student.

The best training option is to find yourself a good mentor who already has rich experience in Forex trading, earns a stable income and can teach you.

Such a person can teach you both for free (for a nominal fee), just because he simply enjoys transferring knowledge, or he can ask for a solid fee for transferring experience to you.

If a mentor asks you for money for training, demand guarantees of results from him, although in most cases your financial success will depend on you, or rather on the quality of your trading decisions.

Then you will understand what Forex earnings are for you - fantasy or reality.

Where to look for a mentor (experienced trader):

• among friends and acquaintances;
• on thematic Forex forums on the Internet;
• in brokerage companies and dealing centers in your city;
• at seminars and events for traders.

What to look for when choosing a mentor:

1. Is Forex the main source of income or is it just a hobby for a person. A professional trader, with his large earnings, will not be scattered and do something else.
2. Reports on the results of trading for at least one year on different accounts. The market changes frequently, and a 5%, 10%, or 30% profit in one month can turn into an equal or even greater loss in the next. Therefore, the period for which the future mentor provides you with a report is important. It is also important to find out if this is the only account the trader has. Perhaps it was on this account that he managed to increase his capital by 70% in a year, and on another trading account he suffered a big loss, which “ate” all the profit. See how your mentor will analyze the chart of currency pairs and what he will do after such an analysis.
3. You see with your own eyes how a person earns money. Sit next to him and see how he trades on a live account. If a trader earns consistently here, he has nothing to hide. He will open his trading platform right in front of you and show you in real time how to trade Forex correctly and explain his actions.

Here's what else you need to be productive on the stock exchange.

Condition number 3. Steel nerves and time

I'll explain why.

When you open a position, that is, buy any currency, you immediately see how the current price fluctuations change the size of your account.

Just imagine, you are sitting and seeing the following picture on the screen: two minutes after opening a deal, you have “+ $153” on, and after five to ten minutes you see “- $184”.

The question immediately arises, why not close the deal when it went into plus?

And then the main enemies come to the trader - these are fear And greed.

Greed tells him - wait a little longer, maybe in 5 minutes there will be 2 times more.

It also happens vice versa.

The trader opened a deal and it went negative, and fear tells him to close the position until the entire account has been "leaked".

In any case, in order to understand the principles of working on Forex, and even more so to start earning at least a living here, I'm not talking about butter, a considerable amount of time must pass.

It is usually measured in months or even years.

Condition number 4. cash reserve

Dear friend, you should know that all speculative transactions, especially Forex market are associated with high financial risks.

We can say that this is your own home business.

Therefore, remember the golden rule of risk management in business:

Never open a business with the last money, especially if you do not have enough experience for this!

Indeed, in most cases, novice traders completely lose their trading account in the first week of working on Forex.

Output

You should have a specially set aside reserve amount that you plan to live on while you are on your way to becoming a trader.

Or you must have other sources of income if you do not want to be disappointed once and for all in making money on currency speculation.

At the end of this section of the article, I want to clearly highlight the advantages and disadvantages of working in Forex.

Benefits of Forex trading (+)

1. The ability to earn a lot and quickly

Due to the fact that the broker provides you with leverage, you can literally turn $100 into $1000 here in just a day! Another thing is how justified your risks will be in this case.

2. Unlimited earnings

When people ask how much you can earn on Forex, the example of the famous financier George Soros immediately comes to mind, who earned more than a billion dollars here overnight!

If you still have this question and a billion is not enough for you, then all that remains is to become the ruler of the world and appropriate all the resources that are on the planet.

It's a joke of course :)

3.Easy operation

Technically, Forex trading is no more difficult than using it. mobile phone or play computer game. Another thing is that financial results In this case, they will no longer be toys.

Disadvantages of Forex trading (-)

1. high risks money loss

The leverage that the broker provides you is usually 1 to 100. That is, the broker “sponsors” your part of the trading capital with another ninety-nine.

This means that you open a trace not for $100, but immediately for $10,000, and the slightest fluctuation in exchange rates entails a quick change in the trade balance, both positive and negative.

If you do not have experience yet, and the excitement during trading is added to this, then the chances of getting losses increase many times over.

2. Nervous work

If you have not tried to play Forex yet, then I guarantee you that the first time you trade for real money, your palms will sweat, your heart will beat fast and even gray hair may appear.

Here you need to be calm and emotionally stable.

In some cases, people working in this market develop gambling addiction* , they can no longer stop and "flirt" on the stock exchange, as in a casino. They lose everything, they sell the last things from the house, they borrow money and spend it. So be careful.

gambling addiction- a psychological illness, which is characterized by dependence on the process of the game. Especially often gambling develops among people who gamble for money, among casino visitors and often among stock traders.

3. Income instability

Even the coolest traders in the world will tell you that it doesn’t happen once in a while and in some month or year you manage to make a lot, and in another period the speculator suffers losses or stays with his money.

Therefore, professional financiers usually measure the results of trading once a quarter or a year.

The best saying here is:

"Do not count your chickens before they are hatched".

A novice trader should be aware that good profits from previous periods do not at all guarantee the same results in the future.

3. How to make money on Forex - step by step instructions for beginners

And now that you have learned about what Forex is, understood the principles and nuances of this type of earnings, I suggest that you familiarize yourself with step by step instructions, which will help you, as a beginner, get the right start in this business and maximize your chances of becoming a successful trader.

Step 1. Choose a Forex Broker

Here I will tell you how to choose reliable broker* .

A significant part of your trading success depends on which broker you choose.

Broker- this is the company through which you will carry out trading operations in the Forex market.

Legally, you cannot enter the foreign exchange market directly on your own.

It is best to choose a Forex broker according to the following criteria:

1. Longevity and seriousness of the company

Find out if the company is officially registered and whether it has the relevant documents for conducting brokerage activities.

On the site brokers.ru you can see the rating of Forex brokers and find the most suitable company for yourself. It is advisable to work only with those who are in the top ten.

3. The minimum size of the trader's trading capital

For different brokers, the amount of the minimum deposit - your trading account is different and can vary from a few cents (the so-called cent accounts) to several hundred dollars.

For example, banks have a minimum trading account size of thousands of US dollars.

4. The value of the trading commission (spread * )

Another important indicator when choosing a broker.

Spread is the difference between the buying and selling price of a currency. But it's easier to say that this is a broker's commission, so it will be clearer if you are new to currency trading.

The lower the spread, the more profitable it is for you to trade.

When you open a trade, a small amount (spread) is deducted from your account. This means that you automatically go into a small minus.

Thus, if, for example, you opened a trade, the price rose and you fixed an income of $100, then your profit will be $99.5 including the broker's commission.

5. Bonuses and level of service

Pay attention to how the staff of the brokerage company and support services communicate with you, as well as in what way the earned funds are withdrawn.

Step 2. Decide on a financial instrument

To start trading, install a trading platform. For different brokers, it may differ in functions and interface.

The classic Forex trading program for most brokers is still Metatrader version 4 or 5.

Understand the functions of the selected program, analyze and test all its capabilities.

Search the Internet for instructions on how to use this trading platform or ask for such a manual from the employees of the brokerage company.

After you learn how to use the program, you will have to choose the currency with which you will trade.

In Forex, currency pairs are traded, for example, euro-dollar (EUR/USD), Swiss franc-dollar (USD/CHF) and so on.

To get started, choose one popular currency pair, best of all the euro-dollar (EUR/USD) and look at its chart and current price change.

In the future, with the advent of experience, you can trade two or three currency pairs or more.

Step 3. We pass the training stage on a DEMO account

Now let's move on to trading. Open a training account for trading (demo account) with the amount you plan to actually trade, for example $1,000.

Take some time to trade on a demo account, for example, a week or two, to understand how to trade Forex technically using a trading terminal (computer program).

Try to treat the demo account as if it were your real money, don't make big losses, but don't chase super profits either.

Trade calmly, open and close trades only when you are sure that this is the most correct decision at the moment.

Do not open a real money account until you are consistently making money on a virtual account.

Usually, after a few days, miraculously, people make good profits on a demo account, and some even double their trading deposit.

But not everything is so smooth when it comes to real money. After all, here your emotions are the main obstacle on the way to big earnings.

Now the final step remains, let's move on to it.

Step 4. Opening a real account

To get started, you can open a cent account if your broker provides such a service. Here you will indulge in "penny", but it will already be real money. And if you suddenly lose your trading capital, then it will not be so insulting, because it’s not a pity to give $ 10-20 for getting a good experience.

How to make money on Forex for a beginner?

Dear friend who is interested in making money in the forex market. If you have landed on this web page, or if you have landed on this site, then you are in one of 4 categories of people:

1. You are new to making money in the forex market and want to start earning money by trading in the foreign exchange market, but do not know how to do it and where to start.
2. You have been trading in the foreign exchange market for some time, but you are not succeeding and you are losing money.
3. You make money trading, but you want to increase your profits.
4. You want to make a profit from the forex market, trade on it, but you do not have the time or desire to spend a lot of time at the monitor and monitor the market situation in search of reliable entry points to open a trading position.

Imagine for a minute...

You open a trading terminal, look at the statistics of your trading account and see how your account has increased by 30,000 thousand rubles or 150,000 or even 300,000 thousand or more in a month. You feel pleasant excitement, and perhaps joy, a surge of strength and enthusiasm.

How will your life change after this? What will it give you? New opportunities? Freedom? An opportunity to completely change your life? Do you want to quit a boring job that takes up most of your life? Or maybe you will start traveling? Or realize what you have long dreamed of?

Imagine for a moment all the pleasant, exciting changes in your life that can happen after this! Now imagine even more strongly… How will the attitude of those around you, including those of the opposite sex, change when they begin to see and feel in you a successful and rich person? How will your self-esteem improve after you earn more in a month than others in six months or even a year.

And this is not surprising. After all, there are no restrictions on earnings in the forex market, and there is an amazing opportunity to multiply your capital.

You can start earning serious money on Forex even if you have initial stage there is no large amount of money. It just takes more time to do so. And this is confirmed by the results of many traders who started with 300-400 dollars and later became millionaires.

Watch an interview with a trader who started trading with $350, became a millionaire in 2 years and moved to live abroad.

Therefore, the ability to profit from the foreign exchange market is one of the most monetary skills that you should definitely master in the very near future.

Step 3

Now let's move on to the most pleasant - making a profit.

By now, I hope you have carefully read the above material in this article. If not, I highly recommend reading it.

How to start making money on Forex for a beginner or a person who does not know how to trade profitably, how to earn income from the foreign exchange market?

The answer is simple: with the help of experienced, professional traders who know how to make money trading currencies and have been doing it for a long time.

But where to find such traders and how to make them “work for themselves”?

Using the service of trading SMS signals

You may have heard about SMS signal services provided by some teams of professional traders.

Their meaning is that you subscribe to this service and trading signals from experienced traders begin to constantly come to your phone.

You receive an SMS containing detailed instructions on how to complete trading operations. Following the instructions, you open trades on your account and make a profit.

This service is very common in the West, but it is usually very expensive. Its cost can reach up to 2000-3000 thousand dollars a month.

But you can receive such signals for free. Do you want it? We'll show you how to do it below!

Imagine that you receive SMS on your phone in which you receive detailed instructions about trade transactions that professional traders make.

Following these instructions, you trade on your account and get a good profit.

Here it would be appropriate to demonstrate the quality of such signals, which we have mentioned here.

Below are the statistics of SMS signals for the last few months.

Statistics for February 2014.

Statistics for March 2014.

Statistics for April 2014.

Look carefully at the data from these tables. Profit per month, as a rule, is more than 2000 points.

What does this mean in practice? Using these signals and following risk management, you can double or even triple your trading deposit every month. How would it look like in numbers?

Let's say you opened a trading account for $1000 and trade on it using these signals. In a month your account becomes about $2000. In two, about $4,000, and so on. In a year, a very impressive amount will run up. Calculate how much you can earn under this scheme in a year?

What does it take to receive these profitable SMS signals for free? Open a trading account with a reliable and trusted broker and subscribe to this service.

Why does this broker provide profitable SMS signals to its clients? It's simple: because a serious brokerage firm is interested in its clients earning money, since it receives profit from the spread. The more the client earns, the greater the amount he trades and the greater the spread (profit) of the broker.

Of course, you can open an account with any other broker and subscribe to a similar SMS service with Western traders, while paying $2000-3000 per month.

Or you can receive these signals for free from a broker. What do I need to do?

Register with a broker.

Open a trading account and subscribe to free SMS alerts.

Now this service is provided free of charge if you open a trading account in the amount of $500 or more. The company offers you to replenish your trading account at a very favorable rate 35 rubles per dollar. This will allow you to save your money from inflation and start earning on the forex market.

All you need is to register on the broker's website, fund your trading account and subscribe to the trading signals service. After that, your personal assistant manager will call you. Further, the manager will answer all your questions and provide all the necessary assistance.

Using the described method of earning at the initial stage will just help you avoid those very gross mistakes that novice traders make in a cunning and profitable way. Why it happens?

Because all beginners are itching to start trading for real money as soon as possible. Everyone goes through this.

When you see a price chart and understand that you can make very good money on it, it is difficult to keep yourself from making transactions.

And having made several unprofitable transactions, there is a desire to win back as soon as possible and take back your money from the market, which leads to even greater losses and the circle closes.

Therefore, the only way to protect yourself from losing money at the initial stage is to use the system signals service, which we wrote about a little higher. And when you make a profit, you can easily learn to trade on your own.

Step 4

Now is the time to move on to the fourth step, which is learning to trade.

Many brokers offer free introductory training courses. They are given general information about the forex market, about technical and fundamental analysis. But this is not enough for profitable trading. You can also visit them for general information.

Which of the advanced courses can I recommend to you?

How much do you want to earn on forex in the near future?

Let's take as an example with you a realistic amount for each person of 30,000 rubles a month.

How much more likely will you achieve this or even a larger goal if you do not trade yourself, but professional traders with many years of experience do it for you?

How valuable is it for you to get and feel the experience of making money in the foreign exchange market at the very beginning of your development as a trader, in order to confidently profit from trading every month 12 times a year?

How much freer and more confident will you feel when an income of at least 30,000 thousand rubles is added to your monthly salary, and how will your life improve from this?

If you earn at least 30,000 rubles a month on Forex, then this will be 360,000 thousand additional income per year.

If your bar is higher, then calculate for yourself your potential income, which you are able to predictably earn using those “secret methods” that are disclosed in this article.

Inspiring?

But now we have dealt with you only the most pessimistic scenario!

In this article, we have described in detail how a beginner (and not only) can make money on Forex. The efficiency, reliability and profitability of the method described here is obvious.

The following is interesting: even if you do not learn to trade on the foreign exchange market on your own, the knowledge and secret methods that you have received here will allow you to constantly earn on Forex using profitable SMS signals!

What needs to be done to start earning on Forex from 30,000 to 150,000 or more rubles per month, starting today?

Register right now on the broker's website → replenish your trading account → subscribe to free SMS signals → start trading on your account using SMS signals → make a profit.

Now MaxiMarkets has developed a unique offer for its clients - "Trading without losing a deposit". The essence of this offer is simple: the client starts trading with the company's bonus funds within two weeks, while maintaining his trading deposit.

In case of loss-making trading with bonus funds, the client can always return his own money without loss. In case of successful trading, all the money you earn is transferred to your trading account.

See this video for details of the offer:

Using this offer, you can “safely” test the SMS signal service and make sure it is profitable.​

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