Is Forex Trading A Good Way To Make Money Online?

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Is Forex Trading A Good Way To Make Money Online?
<a href="https://pixabay.com/users/PIX1861/">PIX1861</a> / Pixabay

On the Internet there are many legends about huge earnings on the currency exchange, novice traders are always interested in the question – how much do they earn on Forex?

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The answer here depends on many components, first of all, the size of the initial capital plays a role.

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It is impossible to say unequivocally how much people earn on the forex exchange, the amount of earnings varies from 5% to 1000% per month, it all depends on what trading strategy is conducted.

Most professional traders conduct safe trading, earning only 5% per month from the amount of invested funds, at first glance, it seems not much, but if the size of the deposit is 1 million dollars, the profit does not look funny.

Larry Williams holds the absolute record for profitability for the year, and he increased his initial deposit from $10,000 to $1,400,000, or 14,000%, which means that the amount of initial capital has increased exactly 140 times in 12 months.

But not for nothing such a result is a record in the practice of trading on the currency market Forex, while it should be taken into account the fact that Larry Williams himself was not a newcomer to trading.

How much do people earn on Forex?

But this amount of earnings is more often an exception to the rule, in fact, most traders have earnings of 50 to 300 percent per annum. The rule of a large deposit already comes into force.

While we talk about earnings on the Forex market we should also take into account that having a proper Forex account is necessary. Trading accounts and platforms are things that make a trader’s job easier.

How much do they earn on the forex exchange without a lot of capital?

Often you hear from beginners such a statement - I will start trading on Forex when I have a few thousand dollars. In this case, there are two options for the development of events - either you will never start earning or lose your money in a few days, because of a complete lack of experience.

You have no idea how much you earn on Forex literally from scratch. Who says that you have to have your own money for trading?

There are traders who use only investor funds in trading, the amount of investment reaches several hundred thousand dollars, while making a stable 30% per month.

True, part of the profits have to be given to investors, but even if you estimate the average monthly income - 300,000 x 30/100 q 90,000, half of this amount goes to the investor, but the trader earns 45,000 per month.

In order to earn money on Forex requires not a lot of money, and the ability to trade, in order to learn trading needs two things - knowledge and practical experience. Therefore, appreciate the time and start working, even if the account will be only a few hundred rubles. Years will go by and you will learn to feel the market, and then your star hour will come.

And having good statistics on the account to find investors is really simple, people with money literally get in line and who knows, perhaps, and you get to earn your first million on forex in just a year.

In fact, the amount of earnings on Forex is limited only by your imagination, it is probably the only place where you can get huge money working alone, without creating firms and not hiring assistants.

At the same time, how much you earn also depends only on you, on your knowledge and skills, and a little bit of luck.

The bottom line

In the end, it should be said that everyone can earn money on forex, while not necessarily focusing only on classical trading.

Many investors use special advisers or signals from the trading platform for earning money, thus significantly reducing the time spent on studying and making a profit become a little easier.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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