In order to begin consideration of this topic, we need to know its basic concepts.
Forex is a world currency exchange that allows you to sell different currencies . For a day on Forex a huge turnover of money is carried out. This indicates that this market is very developed, you can sell or buy a virtually unlimited amount of currency.
Initially, this currency exchange was created exclusively in the interests of the banking services sector. However, in fact, thanks to the successful work of dealing centers, which provide access to all comers, the market has acquired private traders. This article is intended specifically for those who are asking the question "is it possible to make money on Forex?" And would like to try it myself.
Can I make money on Forex?
On the Internet there is a lot of conflicting information about the Forex exchange. However, people who are serious about this, say that such a possibility of earning is quite possible.
So, how to make money in Forex ? The whole essence of the system by which the exchanges operate is very simple: you buy or sell a certain amount of currency. The exchange rate, as you know, does not stand still, and if you can predict its changes by chance, you can profitably sell, and therefore earn on it. If this does not happen, then you will lose money or leave this amount until better times, in the hope that in the future, changes in the rate can go in your favor.
Is it possible to earn money on Forex?
In films, you probably saw traders who stand, shout and wave their hands, and when you hear about the possibility of earning on the stock exchange, you imagine yourself in their place. At the jelly itself, you can engage in trade remotely, via the Internet.
Beginners are often sure of their uniqueness and unbridled luck without having any special knowledge and skills to lose the starting invested amount and openly declare that it is simply unrealistic to make money on Forex, in fact, here you just need a little patience and understanding of what is happening.
How much can you earn on Forex?
According to one of the companies that regularly publishes information on how much the most successful clients earn on Forex, there are cases when for 2 months people multiplied their starting capital by 5 or even 10 times. So, for example, in 2011, one of the forex clients was able to successfully play a change in the sales rate and from $ 4 thousand received a total of 22 thousand dollars. According to rough estimates, all traders engaged in currency trading on the Internet exchange a year have 1-2 months when they suffer losses, 1-2 months when they are on the "crest of the wave" and earn more than 50% of the starting investment and 8- 10 months "normal" when the profit is within 10-50% of the starting capital. Much depends on what style the trader prefers to trade. It is clear that everyone is trying to develop their own special system, which would minimize losses and guarantee a stable income. However, such a strategy adversely affects the amount of possible earnings. No wonder there is a proverb "who does not risk, he does not drink champagne."
How much to earn really on Forex?
You have probably come across the information that traders engaged in currency trading on the exchange through the Internet spend only a few minutes per day on this, in fact, their working day is much longer and often not at all normalized and can last for a whole day. It is important to be prepared also to the fact that having spent the whole day, you can not just not move from the dead point, but also lose a serious amount of money. Therefore, before taking advantage of this opportunity, the Internet earnings weighed several times "for" and "against."