How to earn real money on forex. Real Forex or "Kitchen"? Schemes are different

Greetings readers "site"! Today we will talk about how to make money on Forex and what ways to make money on Forex exist.

After reading the article from beginning to end, you will learn:

• what is Forex and how to make money on it;
• is it possible to start earning on forex from scratch without experience and knowledge;
• how much to really earn on Forex for a beginner;
• and much more.

Also in this article you will find personal example Forex earnings, step by step instructions and trade rules for beginner traders, as well as Answers to frequently asked questions .

So let's go!

About how you can make money on Forex and whether it is realistic to start earning from scratch - read in our issue

Before proceeding to consider the process of earning income in Forex, you should find out, what it is, and how is it different from the stock market. Let's look at the definition first.

5. Personal example of earning on Forex - a real story + 4 golden rules for beginners ✍

Many are interested in examples of personal earnings in Forex, and are also looking for reviews about whether it is possible to make money on it at all. Below we present one such example. It was shared with us by a real trader who has been successfully trading in the Forex market for quite a long time.

Real example personal income on forex

📝 Read his story (in 1st person):

My name is Smirnov Vitaly, and I will tell you how I came to profit.

When I heard about Forex , I was wondering is it really possible to make money here?. By nature, I am very curious, so I zealously began to study.

When I found out what trading strategies exist, I opened a virtual account and started trading. In other words, I consistently went through all the steps that I described above in instructions for beginners .

Along with reading books and studying various forums, I opened real trading account in cents and contributed everything 10 dollars . As a result, on the deposit I had 1 000 cents. These are the ones I started trading with. On the first day, I managed to achieve a profit of 100 cents. but due to overconfidence the very next day my deposit was halved↓.

At this stage, I did not use any strategy, but opened trades purely intuitively. Analyzing your behavior I decided to abandon the emotional component in trading.

I studied various strategies presented in the literature available to me and chose one of them. A month later I returned my deposit to the previous size. A month later, I realized that my trading plan is able to bring profit . At that moment I opened dollar deposit for the same amount and started trading on it. Gradually, I managed to significantly increase the balance of the account and achieve quite serious profits.

When I managed to achieve success, I analyzed my experience. Finally, I was able to isolate basic rules that help to achieve profit in Forex. Later I found confirmation of them in the specialized literature. Today I will share these rules with you.

⚠ The most important rules of Forex trading

The rules presented here must be followed. to every trader. They will help you achieve success much faster.

Rule 1. Control your emotions

In the process of trading, in no case should you be guided by emotions. It is important to open every trade exclusively under the influence of information about the further development of the situation obtained during the analysis, and not on the basis of intuition.

If a trader trades in the market based only on emotions, such activity can be compared to playing in a casino. It is very unlikely that such trading will bring at least a minimal income. Most likely, it will only lead to the drain of the deposit.

Beginners should remember: their main enemies, which inevitably entail failures, are fear and greed .

Rule 2 Learn to manage risk

A trader must learn to control risks. To do this, you should close the deal on time if a loss occurs on it.

An important trading rule is: you can not risk a large share of capital in one operation.

Rule 3 Trade exclusively according to the trading plan used

Special literature, as well as Internet forums, contain a huge amount of information about various trading strategies.

Any trading plan is formed depending on the emotional state of the beginner. He must take into account over what time period the transaction will be carried out, as well as, what currency pair the user works with.

Rule 4 Continuously learn and practice

Any independent activity requires quality development. Therefore, novice traders should definitely visit various courses and trainings , which help to better understand the specifics of trading on the currency exchange.

It would also be useful to study specialized literature . Another way to extract useful knowledge is YouTube video , which contain useful information about making a profit while trading.

Experts recommend beginners find an experienced mentor. A professional will be able to tell about how he achieved success. He will immediately indicate what mistakes he himself made during the trading process, as well as the well-known mistakes of other traders. In this case, the beginner will be warned, and therefore armed. As a result, success will be achieved much faster.

Every novice trader should learn the rules described above well. This will certainly help to achieve success and become a professional.

6. What does Forex earnings depend on - 5 important factors affecting a trader's income 📊

You should not think that by learning how to trade correctly in accordance with the chosen strategy, you can achieve success. There are a huge number of factors that affect the income of a Forex trader. Below are Most Popular of them.

Factor 1. Competent choice of trading strategy

A trader should choose a strategy for trading that will be convenient for him. It is important that the trading plan does not cause psychological discomfort.

Short term trading plans very tempting, because it seems that they allow you to quickly earn a lot of money. Meanwhile, short trades require tremendous emotional stability. Not all beginners have the knowledge and experience sufficient to conduct such trading.

Moreover, It will not be possible to choose the right strategy if you do not undergo training in the basics of Forex trading. Only high-quality fundamental knowledge will sooner or later allow a trader to achieve success.

Factor 2. The effectiveness of the strategy

Determining the effectiveness of a trading strategy is not difficult. However, it is important to do this on a virtual account.

For example, it is enough to open on a demo account 10 deals according to the trading plan. After their closure, it remains to analyze how many of them brought income , and how much lesion . It is important to follow all the rules of the trading system. Closing and opening transactions must be carried out in strict accordance with its terms.

The ratio of profitable and losing trades can be different. If from 3 -x currency transactions 2 closed with a profit such a strategy is considered quite acceptable. However, much also depends on the amount of risk and profit.

You should not immediately use an untested strategy on a real deposit. It is much better to open a virtual account and trade on it in accordance with the chosen trading plan for a month. If at the end of it a stable positive result is visible, you can apply the strategy on a real account.

Factor 3. Level of volatility

In all financial markets, including Forex, the concept of volatility is of great importance. The higher its level, the sharper the exchange rate fluctuations can be. .

Volatility in the foreign exchange market is not constant, it depends on:

• trading session;
• news.

It's important to know! Traditionally, before the release of particularly important news, the market rate change fading. For a sufficiently long period of time, there may be practically no movement.

However, in just a couple of minutes, sharp movements begin. On them you can how much to earn and how much to lose due to slips.

Volatility also has a huge impact on what trading session time is it now. The trading session, in its essence, is the time of work of one of the largest world exchanges. Trading sessions and their features are presented in the table below.

Table: "Trading sessions of the world's largest stock exchanges and their level of volatility"

Session name	Exchange	GMT opening hours	Volatility level
European	Frankfurt, Zurich, Paris ( London)	6:00 (7:00) – 15:00 (16:00)	High
American	New York ( Chicago)	13:00 (14:00) – 22:00 (23:00)	High
Pacific	Wellington ( Sydney)	20:00 (22:00) – 5:00 (7:00)	Low↓
Asian	Tokyo ( Hong Kong, Singapore)	23:00 (0:00) – 8:00 (9:00)	Low↓

Since the exchanges included in one session are located in different cities with different times, the opening and closing times of sessions can be defined differently. That is why the table in brackets presents another option for closing and opening a session.

Most traders prefer to be active during European and American sessions . At the same time, the Pacific and Asian sessions do not attract such a large number of users. This is due to the different levels of volatility on them.

⚠ Experts warn: it is important to always consider the level of volatility in the trading process. If this is not done, success in trading currencies will not be achieved.

Factor 4. The amount of capital invested in the account

In order to be successful in the trading process, it is important to follow money management principles .

📌 For example, when opening a deal, it is important to ensure that in case of receiving loss he did not exceed 2% of the amount on the account .

Warren Buffett(one of the most famous investors in the world) and advises to risk no more than 0,1 % of funds on deposit. This approach allows, even in the event of an unsuccessful transaction, to leave the opportunity to open quite a few more transactions.

The ideal ratio of possible loss to expected profit is 1 to 3. In other words, in the case of a positive outcome, the income from the transaction will be three times greater than the loss in the case of a negative one.

It is important to bear in mind, however, that the amount of income is significantly affected by amount of capital on a trading account.

For instance, placed on deposit 1 000 dollars, but managed to earn in a month 200 dollars. At the same time, if the account size were 100 000 dollars, the profit would be 20 000 dollars.

Of course, not all users can immediately deposit a large amount. However, you can increase your income if you attract funds from other users.

Factor 5. Resilience

Most beginner traders are sure that they are stress-resistant. They believe that the foreign exchange market in no way can turn their heads and force them to conclude transactions based on emotions.

In fact, high levels of volatility can make even experienced traders nervous. Wherein only transactions opened under the condition of a cold mind can be effective.

There are a huge number of factors that affect the amount of income received on Forex. Important to remember which carries significant risk. If the user is not ready for it, you should not even start, because the risk will not disappear anywhere. It is inextricably linked with foreign exchange transactions.

Practical Tips on earnings on Forex for beginners from scratch

7. What you need to start earning on Forex from scratch - 7 useful tips + review of the best brokers 🔎

It can be difficult for beginners to succeed in Forex. At the same time, tips that have been repeatedly tested by a large number of professionals help to facilitate the process. Absolutely all novice traders should familiarize themselves with them.

Council number 1. Do not neglect training on a virtual account

The stock market is not going anywhere. Do not rush and start trading immediately after gaining basic knowledge. Profitable opportunities will not disappear even if you start trading in a few months.

That is why it is worth opening in the first place demo account . This will avoid a huge number of common mistakes that are typical for beginners.

Council number 2. Keep a regular trading journal

As a trading journal, you can use electronic file or regular notebook.

The following must be entered in the trade journal:

• charts (copy or print), on which various actions are marked - the moments of opening and closing transactions.
• information about the profitability and unprofitability of the operation.

Council number 3. Conduct market analysis regularly

Even if the strategy has proven its effectiveness many times, the trader must be aware of the market situation. Therefore, any working day in Forex should begin with the study economic calendar . It reflects the most important events for the market.

Experts do not recommend for beginners to trade on the days when serious news is planned for the selected currency. This is due to the fact that during such a period it is difficult to predict the movement of the market even for an experienced trader.

Council number 4. Control your emotional state

Emotions are one of the worst enemies in the Forex market. However, each trader is able to take them under control. This can help trading strategy .

Constant analysis is of great importance. If the course goes in the opposite direction to the desired one, it should be understood is the trade opened in accordance with the trading plan:

• If yes, then you don't need to do anything. It remains only to wait for the right moment.
• If the trading plan is violated, it is better to close such a deal.

Council number 5. Choose the right trading strategy

When choosing a strategy, it is important to consider a huge number of factors:

• how much is in the account;
• time used for trading;
• the level of risk acceptable to the trader;
• what type of analysis you prefer to use.

In fact, the list presented is far from complete. Experts advise testing the chosen trading strategy on virtual and cent account.

Council number 6. Do not deposit a lot of funds at once

• Firstly, Forex is associated with serious risks. Beginners often lose their money. It will be very unpleasant if trading becomes a blow to the family budget.
• Secondly, when a certain experience appears and it turns out to achieve serious profits, you can count on attracting funds from investors.

Council number 7. Be serious about choosing a broker

Today, there are a huge number of brokers on the Internet. At the same time from right choice The success of trading largely depends on the company. If you don’t have time to independently analyze the conditions of various brokers, use the list below.

1) Forex Club

Forex Club - a broker who has been operating in the foreign exchange market for a long time.

Among benefits companies include the following:

1. quality customer support;
2. high-level analytics;
3. professional education.

Forex club offers various trading conditions for its clients. That is why both beginners and experienced traders will be able to choose for themselves best options service.

2) Alpha Forex

V Alpha Forex not only traders can earn. You can also earn income here by working in the analytical department, as well as participating in the affiliate program.

Experts believe that Alfa Forex best for long term trading. The fact is that this broker makes analytical forecasts for weekly timeframes.

3) Alpari

Alpari is one of the largest brokers. Here clients are offered Training courses High Quality. Moreover, every day webinars market analysis and master classes from experienced traders.

Few brokers can boast as many different licenses as Alpari. That is why it can be considered one of the most reliable.

4) BCS Forex

Broker BCS Forex offers its clients a good training program, as well as high quality analytics. At the same time, it is possible to work with more than 420 tools under various service conditions.

BCS Forex boasts very low ↓ spread. Therefore, the broker in question is perfect for working not only on medium-term time periods, but also for scalping .

Clients from service in BCS Forex can receive additional bonuses. Newcomers are offered various promotions. Professionals can take part in competitions with serious prizes.

5) Instaforex

InstaForex perfect for beginner traders. This broker gives out serious bonuses. By topping up your account, you can additionally receive up to 250% . The company offers high-quality analytics, which contains the results of analysis using all known methods.

Moreover, for different options development of the market situation, experts offer specific actions. This makes InstaForex convenient for beginners.

If you carefully study the above tips and strictly adhere to them, you can significantly increase the likelihood of success in Forex.

8. Answers to frequently asked questions 📢

The subject of Forex is interesting to many. However, not everyone has a financial education. Therefore, in the process of studying the foreign exchange market, many questions arise. We decided to answer the most popular of them in the presented publication.

Question 1. How can you make money on Forex without experience and knowledge?

Making money in Forex is not easy. However, there are ways that allow a trader to earn income without having any knowledge. The most popular among them are:

1. Signals. In this case, the trader uses special services that send him signals to conclude transactions. You only need to know how to work with the trading terminal. Of course, it is quite possible to earn income in this way. However, he has his limitations – there is a risk that the signals will be of low↓ quality. Moreover, it is unlikely that it will be possible to gain experience in trading with the help of signals.
2. Advisors. This option involves installing a special algorithm in the terminal that performs automated trading. Flaw advisors lies in the lack of flexibility. Such algorithms cannot independently adapt to market changes. Therefore, experts recommend using them only as a complement to independent trading.

In fact, success in the market can only be achieved through training. Therefore, before you start trading, you have to go through several steps:

1. To study the theoretical foundations of the Forex market. At this stage, it is important to understand the most important terms and definitions.
2. Learn to work in the trading terminal. It is necessary to master the principles of concluding transactions, working with advisors and indicators, and the rules for conducting analysis.
3. Choose a trading style. First of all, this concerns the preferred time period.
4. Start trading first on a demo account. This will allow you to hone your trading skills without risking real money. However, on a virtual account, you should not indulge for too long. Enough to spend on it from 2 -x weeks before 2 -x months. If there is confidence in own forces, and the chosen strategy will start to bring a stable profit, you can proceed to the next stage.
5. Start trading with real money. At the same time, it is important not to be afraid to open trades, but at the same time, it is necessary to ensure that they exactly correspond to the trading plan.

To complete the algorithm presented above, it will be required from 2 -x to 4 -x months. Of course, it will not be possible to become a professional after this, but it is no longer possible to call a trader a novice who has consistently overcome the described stages.

Question 2. How much can a beginner earn on Forex?

As we have already said, it is quite possible to make money on Forex. There are many traders around the world who have managed to achieve consistently high profits in about 5 years. However, you don't have to wait that long.

Practice shows that even beginners who have little to no experience manage to make a small profit within a few days. However, you should not expect a huge income right away.. Moreover, in order to make a profit in the absence of experience, serious knowledge of theory will be required.

If we consider the specific amount of possible income, you should pay attention to reports on PAMM accounts . On average, their returns are about 200% per annum . This is a good indicator and it is quite possible to achieve it. If at the same time you use not only your own, but also borrowed funds, there is a chance increase annual return before 300 % .

If choose aggressive trading , it is possible to achieve an increase in the deposit by 20 -100 % in just a week. but high risk level can lead to a rapid drain on capital.

Beginners should be prepared that at the initial stage, the profit usually does not exceed 100 % per annum. At the same time, it is difficult for many novice traders to achieve even income in the amount of interest on bank deposits - 10 -15 % per annum.

Question 3. Why do many people think that it is impossible to make money on Forex?

Many people think that it is unrealistic to make money by trading on Forex. In fact, such an opinion is erroneous.

The spread of information about Forex as a scam is due to the fact that about 90 % traders almost immediately drain their deposit. Of the remaining only 3% go to a decent profit. The rest 7 % at best, they trade at zero.

By the way, those who manage to get serious amounts from trading try not to advertise this fact. At the same time, those who failed to make money spread information that Forex is a scam.

To make a profit in the foreign exchange market, you have to study a lot and for a long time. But due to the spread of advertising about the opportunity to make money quickly and easily, even those who know absolutely nothing about Forex tend to enter Forex.

9. Conclusion + video 🎬

Learn to earn on Forex under the power of everyone. However, do not think that you will be able to immediately receive huge profits. Trading will take a long time to learn.

You can start trading almost immediately, but it is better to use cents and virtual accounts. This will help you hone your skills and test your chosen trading strategy.

We wish the readers of the online magazine "site" financial success. Let Forex bring you serious profit!

author financial journal"Businessmen.com", former head of a well-known SMM agency. Currently a coach, Internet entrepreneur and marketer, investor. I tell you how to effectively manage personal finances, how to increase them profitably and earn more.

On the pages of the site you will find a lot of useful information.

Forex is a financial market where the sale and purchase of currencies takes place. Playing on the difference in exchange rates, you can make a profit from a dozen dollars to amounts with several zeros. This process is called trading. How successful it will be depends on the knowledge, experience, chosen strategy and luck of the player, as well as on the initially invested amounts.

Everyone can become a trader, but only a few are able to enter the list of millionaires who made a fortune in Forex. In contrast to them, there are a lot of negative examples when traders lost all the money they earned and invested. Is there a golden mean and what needs to be done in order to find it, you will learn from our review.

How much can you earn in Forex?

Cases of grandiose enrichment in Forex would not go down in history if they were recorded daily. In addition, many traders, having received large profits, often lose their vigilance, make mistakes and lose everything. A successful trader earns on average 10-20% per month of the amount he deposited into a deposit account and put into circulation. The larger the deposit, the lower the risks, because you can trade for a lower percentage, but in absolute terms, get good money. Therefore, for a professional trader, the main thing is to be able to maintain and increase the size of your deposit in order to receive a constant income from it. Traders prefer not to talk about their earnings once again. There is an element of superstition in this, which is inherent in any professional players.

His example is science to others, or Who really made money on Forex

Those who dream of breaking the big jackpot tomorrow, improving their financial situation once and for all and resting on their laurels for the rest of their lives, will be disappointed: millionaires who made a fortune in Forex have been going to this for years. So, one of the legendary traders, Richard Dennis, really managed to earn more than $200,000,000, but his profit from one transaction was about 5%. Our compatriot Vladimir Kholodetsky also became a millionaire, trading in Forex. However, he studied hard for six months and earned $ 110,000 in seven months of trading. Such a result would suit many - the question is whether you are ready to constantly invest time, effort and money to achieve it. In addition, talent is also required.

Forex for beginners, or How to start making money without experience and money?

Currently, the cost of entering the market can be negligible - many brokers offer to open a deposit, starting with a symbolic amount of $1. It is clear that the profit from such an amount will also be negligible, so clients are provided with a leverage ratio of up to 1:500. This means that with a deposit of, for example, $10 for Forex transactions, you will have $5,000 available, $4,900 of which is provided for temporary use by a brokerage firm. However, access to the remaining cash is automatically terminated as soon as you lose your own $10.

It is not necessary to immediately invest a lot of money, $ 300-400 is enough to gradually reach a stable income. Of those who have made money in Forex, many started that way.

Step 1. Choose a broker

Among forex brokers there are companies registered in Russia, operating under Russian law and licensed by the Central Bank of the Russian Federation. They comply with the requirements put forward by the domestic regulator and comply with its requirements. The main of the required conditions are the amount of equity capital - it must be at least 100 million rubles - and participation in the work of a self-regulatory organization accredited by the Central Bank of the Russian Federation. There are only four companies licensed by the Central Bank today: Alfa-Forex, Finam Forex, VTB Forex and PSB Forex.

There are also forex brokers registered abroad and under foreign jurisdiction. At the same time, the regulator controlling the work of these brokers can be, for example, the National Bank of the Republic of Belarus, the US Commodity Market Commission, the German Federal Financial Supervisory Authority, the independent financial commission FinaCom PLC LTD, and so on.

Usually, all major brokers, being interested in a trader's earnings, provide free access to training materials, as well as organize paid courses and seminars.

Step 2. We go through training

Without education, there can be no successful trading. Better invest more money in special education and start trading with a smaller deposit than regularly losing money due to lack of knowledge. You can learn the basics of trading for free: video courses, books, webinars, forums - all this is available on the Internet. Try to use every opportunity to gain new knowledge, and remember that a true professional is constantly learning. Even successful traders do not neglect the opportunity to take the course they are interested in on a paid basis in order to improve their level and learn from experts. Universal step by step instructions, alas, there is no way to make money on Forex stably and regularly.

Step 3. Choose an approach

Having received theoretical knowledge about the subject, you can proceed to training on a demo account. A Forex demo account is convenient because it allows a novice trader to learn functional features trading terminal and start tracking the state of the market, using technical analysis indicators, building trend lines, making deals - in a word, everything that you have to do when working with a real account. Since the money in the account is virtual, all actions are absolutely painless for the player's wallet.

Vladimir Kholodetsky, who earned $110,000 on Forex in just seven months of trading, already having economic education, practiced trading on a demo account for about six months before starting to make transactions with "live" money.

When you feel confident in your own abilities, after training on a demo account, you can move on to real trading.

1. Define short-term and long-term goals

First you have to imagine what your trading tactics will be. To do this, you need to correctly prioritize by choosing:

• currency pairs for trade;
• entry point : what needs to happen for you to open a trading position;
• exit point : under what conditions will you close the deal;
• timeframe - the time interval in which you will trade;
• allowable loss - for one trade and the whole trading day

Depending on the timeframe, there are short-term or intraday (30 minutes-1 day), medium-term (2-7 days) and long-term (up to several months) trading. The smaller the timeframe, the higher the risks. Short-term Forex trading is usually done with a small deposit in order to earn as quickly as possible. In order not to lose the latter, it is worth considering the type of management of your account. On the large sums in intraday trading, only very experienced traders and banks make transactions.

2. Decide on the type of control

There are three types of transactions in terms of trading methods.

• Traditional trading. In this case, you analyze the situation daily and make decisions on your own. This requires a lot of time and effort, but only in this way can you become a real trader.
• Automatic trading. Management of your trading account can be outsourced to a specialized software, which will monitor the situation and perform trading operations on the market for you. You can resort to this type of management if you decide to take a break from the financial race for some time, having accumulated a substantial amount on the deposit. Any robot programs have their drawbacks - they follow only one specific strategy, they tend to become morally obsolete, they can make mistakes if the market situation changes radically. In a word, it is unreasonable to completely rely on automation.
• Trust trading and PAMM management. Experienced traders are ready to trade for you for a certain percentage of the profits if you become an investor. To do this, you can transfer your own trading account to an experienced trader or put money on a deposit of a special PAMM account. Here it is important to choose the right trader and PAMM accounts that have proven themselves positively. Be sure to ask about ratings and blacklists.

3. Decide on the type of trading operations

If you decide to take full control, you will have to master all types of trading operations in order to carry them out as needed and in combination.

• Speculative transactions. The principle of any speculation is to sell expensively what was purchased cheaply.
• trade deals. They are simply aimed at buying or selling goods, that is, currencies. May be part of speculative or hedging transactions.
• Hedging trades. Conducted to compensate for possible risks from other transactions.

Forex is primarily a speculative trade, but depending on the strategy you choose, at one time or another you may need to trade or hedge.

4. Choose a trading strategy

A beginner should not reinvent the wheel, it is enough at first to try out successful traditional trading strategies that have been used all over the world for many years and take an interest in new products. Dozens of working strategies are available for free review. With a small deposit ($10–500), we can recommend a Forex strategy for a cent account. The simplest multi-currency strategies are TrendLines and Elder's Three Screens, they are easy to master for those who are not yet experienced in playing the currency markets. If you are in the mood for serious work, the "turtles" strategy, developed by the legendary Richard Dennis, will help you develop a systematic approach to making money in Forex.

Step 4. Choose an account and start earning millions

You can open an account in Forex different types. For a beginner, training is first of all important. These include demo accounts, where you trade virtual money, and cent accounts, where you trade real money in tens of dollars. The peculiarity of the cent account is that the amount on the deposit is displayed in cents and looks more solid. The excitement of the game remains the same, but you risk small amounts at the same time. It is convenient to practice new strategies on demo and cent accounts. However, you should not get too carried away with this game, because when switching to real trading, you can fall into a stupor, afraid of losing real money.

Next, you will have to choose which account to open: micro, mini or classic. They differ in the minimum recommended deposit amounts. They usually start with microaccounts, where the deposit can be $300-1000. Some brokers do not differentiate accounts in this way and offer one type of account, commonly referred to as "Standard". It is he who is suitable for the transition to real trading. Other types of accounts are opened by experienced traders who have been trading for more than one year.

How fast do you start making money on Forex?

In order to be able to talk about any stable income on Forex, you need to study for about six months, and trade for a few more months. Let's say you have shown the ability to learn, grasp everything on the fly, quickly master trading strategies, have managed to work with demo accounts and move on to real trading with a deposit of $500. With stable trading with an average profit of 20% (this is a very good indicator), you will be able to double the amount on deposit by the end of the fourth month. You can earn your first thousand dollars in seven months after the start of trading.

If a novice trader is counting on getting rich quick, then he should keep in mind that with a lack of trading experience, he is likely to lose all the money that was invested at the beginning. Do not rush, feel the "pulse" of Forex and the gradual growth of money in your account.

Warning : the contracts or financial instruments proposed for conclusion are highly risky and may lead to the loss of the deposited funds in full. Before making transactions, you should familiarize yourself with the risks with which they are associated.

Forex trading attracts more and more private traders from all over the world. This is due to several factors, including wide opportunities, high liquidity, low entry threshold.

Unfortunately, not everyone understands what Forex trading is.

It seems to some that this is like playing roulette or some kind of casino. Moreover, the forex market itself is associated by many with some kind of fraud or fraudulent scheme, although this is far from being the case.

Actually, Forex market is international over-the-counter currency exchange system for conducting economic activities. Its foundations were laid after the Second World War. Today, this market includes both banks and various investment organizations, brokers and private traders.

Forex trading for $100 and in reality

There is such information that if you open an account for $ 100 in the forex market, then the trader's positions will be covered directly. These conversations are on the level gossip, and it is clear that people absolutely do not understand the work of this market.

In fact, the broker brings the client with someone or not - for the trader it plays absolutely no role in the amount of a particular deposit.

Because the principle of the market is built in a slightly different way than it appears in the minds of the townsfolk.

You open an account with some company, for example " N", and start trading, and in the same way, the company" N» accounts can be opened with a dozen other brokers « At».

A comparison can be made between the two terminals in order to understand how tickets are displayed in different programs. In this case, it will be a terminal provided by the broker " X» and terminal forex insight, from the broker " At". This is a terminal developed by the company Integral. This is a large company that was one of the first to organize the joint work of banks among themselves, forming the so-called interbank market.

If earlier all exchanges had a physical place ( for example, the New York Stock Exchange is located in the United States), then in certain moment the question arose as to howorganize all players from completely different parts of the world so that they do not have to go anywhere physically, and they can trade and communicate with each other without any problems.

This is actually a very revolutionary move forward and Integral has been involved in bringing this idea to life.

It is this company, like many others, that continues to support the interbank market. The terminal of their production is available to employees of brokerage companies who buy and sell " real» that start from 100 000 c.u..

• At the same time, the broker has ordinary clients who just want to trade currency for their $100.

These are the so-called foot soldiers» foreign exchange market. They form the primary demand, but they cannot really affect the turnover. Several applications from large companies are simply " chew» all transactions of private investors of one of the brokers.

Imagine a beer factory.

He sells beer not to the end consumer, but to a wholesale buyer, who then sells it to a small wholesaler, and a small entrepreneur, in turn, sells it at retail. The trader, in this case, is the buyer retail”, which uses MetaTrader 4 for its work.

Those who work in the sector buy-to-buy" are brokers who do not work for " retail”, and for other brokers - they already have other trading terminals with their own extensions and capabilities, which have their own specifics.

• Forex insight is a terminal designed specifically for brokers.

Back to our brokers" X" and " At».

Let's say broker "X" opens an account with another large broker ( Sberbank, Bank of America, J.P. Morgan etc.). In this situation, it all depends on the volume. If it is large enough, then the aforementioned banks will agree to provide their services.

For example, if you, as a broker, want to open an account with J.P. Morgan, then the subscription fee will cost $50,000 per month regardless of lot size. If the volume of lots is also large, then a certain amount will be added to these 50,000 percentage of trade.

Therefore, not every company can afford to open an account in such a bank and just give the specified amount as a subscription fee. Big companies don't have these problems.

• There are several more intermediaries that provide not the most Better conditions, but with a lower subscription fee of $1,000.

And so, the broker X» opened an account with a brokerage company « At". All transactions that a trader concludes with a broker " X, are duplicated. It turns out the following: You decide in your MetaTrader 4 to make a purchase with a leverage of $100,000, and the deposit is open only for $1,000. At the same time, the broker has 100 clients and each has $1,000 in their accounts. The chance that each of the hundreds of clients will simultaneously submit a withdrawal order is zero. Therefore, a broker can place an order on the interbank market with a hundredth leverage, but only with the first or second leverage, temporarily using money " silent people". Sounds like a pyramid scheme, but that's how it works.

Another issue that interests private investors in the forex market is spreads. They can expand and contract. First of all, beginners believe that it is their broker that prevents them from earning. But the spreads you see are provided by only one company from the list of brokers you work with. And this is not the first broker you work with "in retail". That company is called liquidity provider».

Company " X» buys some volume from a liquidity provider, which then forms spreads in your order book.

Forex insight makes it possible to see purchases of such a large amount of liquidity, because this is a standard transaction in this terminal. MT 4, in turn, does not allow you to track such movements. The private investor simply lacks the technical acumen to oversee liquidity buying.

But this does not mean that the investor trades only against the broker, and the spreads are specially widened. In fact, this happens because the employees of brokers of a higher rank do not want to work at a loss and simply reinsure themselves by offering inflated prices specifically to your broker.

The best brokers for trading and investment

• Investments
• Trading

Broker	A type	Min. deposit	Regulators	More
	Options (from 70% profit)	$250	CROFR
		$500	ASIC, FCA, CySEC
		$250	VFSC, CROFR
		$200	Cysec, MiFID
	Forex, Investments	$100	IFSA, FSA

Broker	A type	Min. deposit	Regulators	View
	Funds, stocks, ETFs	$500	ASIC, FCA, CySEC
	PAMM accounts	$100	IFSA, FSA
	Stock	$200	CySec

Broker	A type	Min. deposit	Regulators	View
	Forex, CFDs on Stocks, Indices, Commodities, Cryptocurrencies	$250	VFSC, CROFR
	Stocks, Forex, Investments, cryptocurrencies	$500	ASIC, FCA, CySEC
	Options (from 70% profit)	$250	CROFR
	Forex, CFDs on Stocks, Indices, ETFs, Commodities, Cryptocurrencies	$200	ASIC, FCA, CySEC
	Forex, Investments	$100	IFSA, FSA

Schemes are different

For example, we will sell the pound/dollar for 0.1 lot. The senior broker charges a commission of $10 per lot. This means that from 0.1 lot we will pay only 10 cents for this deal. Here is such a scheme. Therefore, the talk that the broker is necessarily profitable for you to merge, that they are so bad and fake quotes, is actually all gossip. This is outdated information. About 15 years ago, they probably did. Now it is profitable for a normal broker to trade with him, and the more volume you create, the more he will earn. And it doesn't matter whether he earns on the spread or on the commission, your volume is important to him. It is unprofitable for the company that you lose your money and reduce volumes.

If you started 500 dollars and lost it, then the company will only earn $500 on you. But if you trade at zero, without even making money, but you have a lot of transactions, then the company can earn much more from your $500.

If you start earning, your deposit grows, your volume of transactions increases, and the broker's earnings also grow. That is why brokers who rely on long-term presence in the market consider it important that you, as a client, make money and not lose money.

In fact, the Forex market is no different from the stock market, and, by and large, a stable customer base is important for any broker, which would not leave them on the negative. This is how the mechanics of working on Forex works.

If you delve into the details, you can trace the following chain. You buy a position, and at this time there is a signal from this broker to a larger one, which looks something like this: " is it possible to buy at this price?» If the senior broker confirms that yes I am selling, then this price is returned to your terminal. If he does not confirm, then you can cancel this transaction. That is why such transactions are poorly processed on sharp fluctuations in the news - this is not the faultyour broker. Most often, this is the fault of the liquidity provider. The provider is also overlaid at a higher level. Such " prime» the broker can already enter the banks of the level J.P. Morgan. If a high-level credit institution confirms a deal to him at such a price, he confirms it to you. Such are the principles of the functioning of the market and.

The same happens with non-market quotes. Sometimes these brokers slip some non-market quotes. This may be due to other terminal settings and other small details. And now the quote has slipped and can be displayed in your terminal, but again this does not mean that this broker is trying to retouch the chart. It is unprofitable for him, it is practically impossible to do if you have a lot of clients.

There is not as much deception in the forex market as the average person assumes.

If you open the quotes of your broker and see that they are very different from the quotes of another, then only then can the broker be reproached for dishonesty. If all brokers have the same quotes, and they all go against you, then the fault is not in them, but in your approach.

Why Forex trading is in demand

One of the main reasons why Forex trading is so popular is high liquidity. The daily turnover of this over-the-counter market is several trillion US dollars. In terms of liquidity, it is significantly ahead of any other market.

By the way, why is Forex called over-the-counter?

The thing is, there is no single platform. Trading takes place all over the world, and this is another important advantage of Forex. It works 24 hours a day and you can trade at any time convenient for you.

The Forex market is a vast field of activity for speculators. Most operations ( about 80%) is conducted without a real supply of currencies. This means that about 80% of speculative transactions are carried out in this market, and only 20% of transactions are carried out with the subsequent delivery of currencies. All this indicates a high interest on the part of traders and other players in this market.

Another reason for the popularity of Forex trading is development of IT technologies. Today, traders can work from their computer or mobile device without having to send orders over the phone. This significantly speeds up the trading process and allows you to work in the short term.

The high demand for trading in this particular market is also due to the fact that it offers the so-called leverage. That is, you do not need to have significant capital to work on Forex. It is enough to invest 100-200 dollars to receive income.

With such, even insignificant investments, Forex trading can bring significant profits, given the high intraday volatility. For example, in the stock market, average daily fluctuations for some assets can reach only 10 points. In Forex, these numbers are much higher. And during the period of trends, fluctuations can reach 100-300 points, which allows you to get good profits even with relatively small investments.

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