How to Earn at Forex

I'm just sure that you thought about whether to actually make money on Forex in fact? Advertising in the subway, on the Internet, in periodicals and on billboards positions the earnings on Forex as an exceptionally simple and profitable business. Leverage was applied , bought at a low price, then the rate went up, sold at a high price and got a fabulous profit in a short period of time. Is this real, or is it a deliberate deception in order to lure you into the pumping industry of your money?

I, as a professional forex trader, want to tell you at once: you can make money on Forex, but ... The ellipsis means that in fact there are so many "but" that can turn this type of earnings into a scam that it is even difficult to list them in one article . That's why the percentage of successful traders is small and fluctuates within 5%. But it's so everywhere, right? How many people have their own business, and how many "works for the uncle"? I'm just sure that the first not more than 5%.

All of you, probably, read in advertising that in order to earn on Forex, you need to predict the fall or growth of the currency. Ie, for example, you are looking at the chart of the Euro / dollar currency pair and decide that the currency should grow after some time. Therefore, you buy the euro / dollar, at a price of 1.3000. The profit you would like to fix at the level of 1.3100, i.е. Through 100 points of its growth. A broker or dealing center will always kindly provide you with a leverage; A kind of gratuitous loan (free - it means interest-free). The amount of the loan is within the amount exceeding your investment (your deposit) from 100 or more times. Ie, putting $ 100 on the account , you can buy and sell currency for up to $ 10,000. This will allow you to earn more on the difference in exchange rates.

Compare, for example, trade using leverage and without using it. Buying currency in the exchanger, you do not use leverage. Therefore, if you buy the euro at the exchange rate of 1.3000, then for $ 100 you will get about 76.92 euros. Next, you will sell the purchased euro at a price of 1.3100, thus earning $ 0.77. You are not impressed with the amount of your earnings? Yes, and it is understandable. Apparently, therefore, Forex looks much more promising investment.

Now let's look at an example when you put the same 100 dollars into a trading account. As I wrote above, when you open an account, the broker will offer a leverage of at least 100 times the amount of the deposit. Thus, you have the opportunity to buy not 76.92 euros, but 7692 euros. Therefore, by selling them at 1.31, you will already receive $ 10,077, of which $ 77 will be yours (the difference between $ 10,000 with a leverage of 1 to 100 initially and 10,077 after the end of the euro purchase transaction). Would you like to receive $ 77 for $ 100 invested in less than 2 weeks (with the current volatility of the euro, this could be 2 days)? It sounds tempting, does not it?

But not everything is so simple "in our kingdom." First, let's start with the fact that predict the growth or fall in the currency is almost unrealistic. Therefore, none of the dealing centers that pays for advertising on the Internet, in the metro and on billboards, will not tell you how to do it. You may pass some training courses, where you will be introduced to the trading platform, with the specification of contracts, how to open transactions for sale or purchase and how to record profits. They will tell you about some indicators of technical analysis, and about non-working ways of forecasting prices. And also you can see the effectiveness of some traders over the past month. This yield will be impressive, for example, it will be from 100% per month. Something like performance in my example. Just need to be aware that if the currency in my example did not grow by 100 points, and fell, then you would have lost 77% of your capital. That's how these traders with a return of 100% per month - players "in the casino." Do you ask the same dealing center where their accounts are now? Such Forex traders make 100% in one month, and in the other lose 200%. The truth about the last fact you do not know.

As a result, there are not so many really earning traders, but they are. They can be found by examining the monitoring of real accounts, monitoring of accounts. In my blog, I opened a special topic dedicated to the results of such traders - modern Forex traders - where, as I have new information, I will spread it. You can always go into this section and look at examples of trade of professional traders who do not play in the casino and do not turn forex into a scam. That's why they do not have a stunning profitability of 100% per month. That is why they control their risk and trade with a low leverage that is very far from 1 to 100. And that's why large investors give such Forex traders large amounts of money for trust management, due to which these traders live and live not just well, but very good. Perhaps you will be out of their number if you conduct a sensible trade and control your risk.

In conclusion, I want to tell you that despite the fact that the Internet and other sources of information are filled with information that will not allow you to become a successful Forex trader, but with the patience and perseverance you will be able to find and create your own profitable trading strategy that With reasonable risks will lead you to success and to a good life.

You can earn on Forex! This I tell you exactly, the current forex trader.