Making money on Forex or how I got acquainted with Forex. Is it possible to make money on Forex? My memories two years later How I started making money on Forex

Because when trying to make money on the Forex market, most beginners (and not only) have many questions, as well as misunderstandings about how to trade correctly. That's all The best way learning from experience and learning for yourself is give a real example of trading and earning money .

I want to say right away that in Forex you can earn money, so don't listen to those who say otherwise. As a rule, these are people who either use ineffective strategies or trade without any strategies or rules.

Of course, to make money on the Forex exchange you will have to work a little, since freebies only come in a mousetrap. But in fact, making money is not so difficult, and even simple - you just need to develop rules and always follow them.

How much can you really earn on Forex?
Having learned to trade Forex correctly and gained practical experience, you can achieve daily income from 50$ to 500$ and even more!

From this article you will also learn:

1. How does the Forex market work?
2. What strategies do I use to make money successfully?
3. How to quickly learn to trade Forex and make money?

1. My personal experience of making money on the Forex exchange

I've done a lot of things in my life, but Forex is still one of my favorite activities. I am already engaged in this type of activity. more than 5 years.

The first time I heard about Forex was while still studying at the university. I immediately liked the idea of ​​earning money without leaving home by trading in financial markets.

I spent a lot of my free time learning how to make money: I tried various strategies, read books by professional traders, learned about the importance of emotional control, etc.

At the beginning I tried trading on a demo account and it was very successful. Being completely confident that I would now start shoveling money, I switched to a real account. I already earned something in the first evening about 50-75$. To say that I was incredibly happy is to say nothing!

But within 2 next days Through my own fault I lost my entire deposit. This happened because I lost my sense of reality, emotions took over my mind and trading frankly turned into a casino. Trying to win back, I lost everything.

I am sure that many beginners who have just started are familiar with this situation and have gone through it. According to statistics 97% all new traders lose their first deposit and this is quite natural, since basically they all initially trade without a strategy and rules.

It’s a clear situation that making money on Forex is not that difficult!
Let's imagine that you have opened a trading account for 10,000 rubles. On every trade you only risk 5% from the deposit, i.e. 500 rubles(stop loss). You also expect profit in 500 rubles(take profit).

That is, the outcome of the transaction is only: either you earn 500 rubles, or lose 500 rubles. However, the total and simultaneous risk should never exceed 5%.

Let's say you use a strategy that gives 60% profitable and 40% losing trades. That is, if you made 100 transactions, 60 of them brought you profit, and 40 brought you a loss.

Still need to be taken into account spread(broker's commission), let's take 3% of the amount of 500 rubles, i.e. only 15 rubles. Thus, your winnings taking into account the spread will be 485 rubles, and the loss 515 rubles.

Conclusion:

As a result, your profit for 100 transactions will be: (60 * 485) - (40 * 515) = 8,500 rubles. If the strategy produces 70% or even 80% of profitable trades, then your profit will be many times higher!🙂

As you can see for yourself, taking risks, making money on Forex is very easy and realistic.

And if you risk no more than 5% and trade using a strategy that ensures at least 60% of profitable trades, then you will simply are doomed to successful trading and you are guaranteed to earn money.

2.2 Set achievable and reasonable goals

However, their dreams are shattered by cruel reality and they lose all their money. Because the fact is that not only the profit can be 1000%, but also the risks.

Therefore, set very achievable and realistic goals, for example 20-50% per month from the initial capital. In this case, you will be able to double or triple your deposit within a year. This is considered an excellent result among professional traders around the world.

If this is too slow for you, you can look at various strategies on the Internet on accelerating the deposit, that is, by its rapid increase in a short period of time. However, in this case there is a high risk of losing all your money.

If you manage to increase your deposit (increase it by 3-15 times), then you can then move on to standard and less risky trading, since you will already have a fairly large initial capital and, accordingly, with a moderate risk, you will be able to earn good amounts of money.

Another promising option is to become manager and trade with other people’s money, for this you will receive a certain commission on the profits made.

People will be happy to give you their money to manage if you can exaggerate it, and for this you will receive a commission of up to 50-70% on the profit earned on their money.

Example - how much can a manager earn?
Let’s say that on average you earn a stable monthly income of 20% from the initial capital. In your control is $100,000.

Thus, the monthly total profit is $20,000, of which 40% is your net profit - $8,000. Translated into rubles it turns out 480,000 rubles !

The more money you have under management, the more you will earn. Therefore, being able to earn just 20% per month, you can earn hundreds and even millions of rubles without investing at all!

List of Forex managers - Alpari

In the picture above I have given a list of Forex managers at the Alpari broker. As you can see, funds under management can amount to millions of dollars. Can you imagine how much money managers can actually earn?

By the way, you can register as a manager completely free of charge. The main thing is to show good trading results and investors will begin to trust you with their money.

3. The less time you trade, the more you earn - the experience of a fool!

I used to think that the more time I spent trading, the more I would earn. It turned out that everything was completely different, usually the more I traded, the more I lost, and did not earn. In the end, I turned out to be not the only fool; it turns out that most people do the same!

At the moment, I only spend about 1-2 hours a day and this is quite enough to earn a lot of money.

Highlight everything for yourself 1-5 hours during the day for trading. This way you will not only experience less psychological pressure, but it will also be easier for you to learn how to earn money.

In fact, the fewer trades you make, the more of them will be profitable. That is, quantity turns into quality.

For ease of perception, you can designate the moving average by highs in red, and by lows in blue. As a result, you should get something like the following picture:

That is, we see that for most of the time the price is between these two moving averages and accordingly moves from one line to another.

Our task is to sell when the price crosses the red line, and close the deal when the price approaches the blue line. We conclude purchase transactions exactly the opposite: we buy when the price crosses the blue line and close the deal when it crosses the red line.

The figure below shows the moments of buying and selling currency: with red arrows I depicted the places and moments of sale, and with blue arrows I depicted the places and moments of purchase.

Buy and sell signals - example

To make it completely clear, let’s look at the first 2 transactions shown in the figure.

The first thing we do is buy a currency at the moment when the price touches the blue line. As soon as the price approaches and crosses the red line, we close the current deal with a profit and immediately open a sell order.

After some time, the price returns to the blue line again, where we again take profits and open a new buy deal.

I think now you understand the essence of the strategy. The strategy really gives good results in terms of earnings. Even with a moderate risk of 3-5% it is possible double or even triple your deposit within a month.

You can also use various trend indicators in this strategy, which will allow you to determine the direction of the trend. And if the trend is upward, then open trades only for purchases. And if downward, then only for sale.

This will allow you to increase the effectiveness of your strategy and earn even more on the Forex market!

Strategy No. 2: Price Action Trading Strategy

Another strategy that is most effective at predicting price movements is Price Action(translated from English as “price movement”). This strategy is often used among professional traders.

In this case, you will not need to build any indicators, since the most important indicator will be the price movement itself.

The Price Action strategy mainly appeared during the period when price movement was represented in the form of Japanese candlesticks and immediately showed its effectiveness in practice.

The essence of the strategy The point is that the price itself forms candlestick patterns (candlestick models), which most likely show where the price will move.

There are actually a large number of such models. In this article we will look at the most common ones.

Below you can see 4 Price Action models for price reversal, which perform well. Therefore, I recommend that beginners use only them at first. As you gain experience, you can include more complex patterns in your strategy.

Price Action Trading Models

Red line (SL) I depicted the place where the stop loss was placed. The blue arrow shows the direction where the price is most likely to go. Accordingly, if the arrow is up, then we buy currency, if it is down, then we sell.

Take profit must be no less than stop loss. If the stop loss is 50 points, then the take profit should also be at least 50 points. It is even desirable that the profit from one transaction exceeds the loss by 2-3 times.

There are several options for opening trades:

1. After the formation of the model, we immediately open a sell/buy transaction.
2. As soon as the price breaks the maximum/minimum price of the bar, we open a buy/sell trade.
3. We place a pending order to buy/sell approximately in the middle of the candle, since the price often rolls back. In this case, you will usually miss some trades, but you will significantly reduce the risk in each trade and earn more.

All you have to do is look for the listed models on the currency charts and open the corresponding transactions. I will give examples of transactions for each of the 4 price action models:

Let's look at a few more examples of a series of transactions on the daily chart of the AUDUSD currency (the chart is presented below):

Deal #1— buy pin bar (profit)

Deal #2 — pin bar for sale (profit)

Deal #3 — a pin bar (similar to a doji) for sale. The best ones, of course, are to take only visually correct pin bars. (profit)

Deal #4— bearish engulfing for sale (profit)

Deal #5— bearish engulfing for sale (loss)

Deal #6— pin bar (inside bar) to buy (profit)

As you can see, there is nothing difficult here. You can also use additional filters for transactions.

I recommend using the most popular currency pairs: EURUSD, GBPUSD, AUDUSD, EURGBP, NZDUSD, USDJPY.

The Price Action strategy is suitable for trading on the following timeframes: 1H(1 hour), 4H(4 hours), 1D(1 day). The higher the timeframe, the more reliable the signal.

Strategy #3: Trading Supply and Demand Zones

Another (in my opinion) extremely effective strategy is trading from supply and demand zones. As you know, it is big money that moves the price in the market down or up. This strategy is precisely based on following big money.

Zones of supply and demand- these are zones where large orders to sell and buy currency were placed.

These large orders are usually placed by banks and other large financial institutions. Very often, due to their large volume, they do not have time to complete everything completely.

And when the price returns to this zone, it turns around and moves back. Even if the trend does not reverse, a fairly powerful pullback occurs.

These zones can be determined by strong price movement. As a rule, these zones coincide with a local minimum or maximum price.

Since this strategy is aimed at trading from price reversals, the profit-to-loss ratio can be even up to 2-5 times more. For example, if there is a risk in 1000 rubles you can earn 2-5 thousand rubles ! 🙂

The price fluctuated for some time in a certain price range (base), and then there was a sharp and prolonged rise or fall in price from this base. An example of this behavior is shown in the figure below:

The zone is usually limited to the top or bottom bar (or group of bars). As a rule, the price bounces off the supply/demand zone the first time it touches it.

It is worth opening a trade when the price begins to touch the supply or demand zone. You can simply place a pending order in the buy or sell zone.

In this case, it is logical to place the stop loss slightly below/above the zone (outside the zone). As can be seen from the figure, the profit is 2-5 times greater than the possible risk.

I would like to draw your attention to the price movement. The faster the price moves from the zone (base) and the longer it takes to not return to it, the more likely it is that the zone will trigger and the price will reverse.

This strategy works great on all timeframes. However, it shows itself best on 30 minutes, 1 sentry, 4 hourly And daily graphs.

You can use almost any currency pairs for this strategy, but preferably those with the lowest broker spread (commission).

5. How to control emotions while trading Forex

Now you know what strategies you can use for effective trading. But once again I tell you that this is not the most important key to success. I hope not in vain. I’ll repeat it again, because this is MEGA IMPORTANT, this is the main thing in trading!

If you want to succeed and make money on Forex, control your 2 key enemies: greed And fear !

This advice is undoubtedly worth the billions of dollars that traders have lost due to these two enemies. By the way, at the beginning of my journey, I also did not distinguish myself in any way and also lost a lot of money.

Good advice!
Don't try to win back if you have made several losing trades. Take a short break from trading and continue trading according to the strategy. Trying to win back only leads to greater losses.

If the strategy involves setting a stop loss (limiting losses), then you must set a stop loss when opening transactions.

Also, do not use averaging during a loss, that is, opening additional trades in the hope that the price will reverse and go in the other direction. Several times, perhaps, this will allow you to gain profit, but at some point you will definitely receive a serious loss. This is exactly how martingales work.

You can increase the risk only in one case - if you consciously take risks. acceleration of the deposit and you understand that you can either quickly increase your deposit several times or lose everything.

7. We create and comply with trading rules

The last thing left for us after we have already decided on a strategy and know how to manage our emotions is to follow a few more trading rules.

No. 3 – Review of Forex trading

9. Conclusion

Friends, I shared with you my most valuable experience and gave a personal example of making money on Forex. Use this to your health!

Finally, I want to say that making money on Forex without investments is possible provided you follow the strategy and observe the risks.

The main thing to know is that anyone can make money on Forex, all you have to do is put in the effort. Believe in yourself, start with small steps and you will succeed!

Truth about what's important!
If you trade strictly according to strategies , control risk And emotions, then you will definitely be able to make money on the Forex market.

But if you are not ready to spend time learning and... constant development, but just want to make money here and now, then it’s better to throw Forex aside and do something else, since those new to 99,9% cases, according to statistics, they will simply lose money!

It's true, even if it's not as pleasant!

Many people spend 4-5 years studying at an institute or university, and then get a job where they are paid on average 20-50 thousand rubles per month.

Would you agree if you were offered to learn how to make money on Forex within 3-12 months, work 1-3 hours a day and earn millions a month? The choice is always yours!

Beginners trading and those wishing to make money on Forex will find the following video useful:

And I wish you success and more profitable transactions!

The best way to thank you for writing an article will be if you share it with your friends on social networks!

Part 1. Background

I first heard about the Forex market back in 2010. Then my older brother signed up for a trading course and told me a lot about the basics of currency exchanges, Japanese candlesticks and people who made fortunes from it. In those early years, I was not at all interested in the market, and somehow I had no thirst for easy money. And all these terms like Japanese candlesticks, margin, leverage, sounded like white noise to me. But my brother confidently attended classes, watched video lessons and tried to trade on a demo account, and then on a real account. At the end of the courses, the academy opened a real account for each student with $100 in it. For overclocking, so to speak. According to the brother’s stories, half of his “colleagues” lost these deposits very quickly. And, as the teachers said, this is a typical beginner’s mistake, everyone goes through it. Time will pass, and you will learn how to manage risks, and money will flow, if not like a river, then at least in a stream, enough for sausage sandwiches. Sounds tempting, doesn't it?

Time passed and my brother’s ardor somehow faded. He almost lost his 100 dollars, and, unfortunately (and as it turned out later, to great happiness), there was nothing to replenish the deposit with. And so his trading career ended. But he left the market without understanding whether he could make money there. One of his St. Petersburg friends, inspired by his brother’s stories, also started trading, but it was difficult to say whether it was successful or not, because his words were: “I seem to be earning something, but then I lose it all again” (oh how often I heard this phrase later ).

A couple of years passed, and the idea of ​​easy money from jumps in exchange rates was crawling somewhere in the subcortex of my brain. In 2012, my friend told me that his friend was sitting at home and making his living and mortgage on the Forex exchange. They say he opens a couple of well-thought-out transactions and lights up 500 bucks from each. Here we saw the first person actually making money on Forex. And the fire in our hearts burned. We started reading articles and watching video tutorials about what an exchange is and what trading terminals exist. Terms fell on our heads like out of a bucket - margin, leverage, indicators, orders, etc. But it was even funny, because we felt that this was the beginning of our careers as millionaires. We registered demo accounts and began to master trading.

Naturally, at first everything was unclear, some arrows, graphs and numbers. But after a couple of weeks, we got used to it and felt like fish in water. There was only one thing - even on demo accounts we had no profit. But an excuse was quickly found - with the candy wrappers of a demo account there is no risk and no fear, it’s time to switch to real money. We quickly looked through the tops of the best brokers and chose the appropriate option. And we deposited into our first accounts, as expected, $100 - the minimum deposit. Well, trading began, and our expectations were justified; with real money came fear and a sense of responsibility. At the moments of opening the first real transactions, my hands were shaking as if in a traffic police exam. But with real deposits came another factor, the most dangerous and insidious. A factor that has caused millions of people to lose everything in their lives. The factor that causes families and even lives to collapse is EXCITATION! And no matter how much I thought of myself as an objective, sensible person and not subject to excitement, I succumbed to excitement. And its destructiveness lies in one simple thought: “Now I’ll invest more in this deal and not only will I get rid of all the minuses, but I’ll also double the deposit.” This thought ruins all risk management plans, strategies and techniques. And no matter how many articles I read about how to develop a system and strictly act on it, nothing worked for me. Sooner or later the excitement took its toll. You can, of course, say that I’m so small-minded and spineless, but, unfortunately, I’m not the only one. And so far in my life I have never seen a person making money on Forex, except... a broker!

As a result, like all newcomers, we lost our first deposits. But, again, this was expected, because this is a “standard error”. And since the error is standard, it means we are moving along the beaten path to enrichment and heavenly life. We need to work on our mistakes. And to work, you need funds. So we added a second batch of money to our deposits. Well, what can you do with 100 dollars, we poured in 500. Well, so that we could immediately recapture those 100 and earn new ones. By the way, there were times when 500 grew to 600 and it was really nice. But then they turned into 400, 300 and melted from deal to deal. We promised ourselves that it was time to reduce trading volumes to reduce risks. One simple factor prevented us from doing this - the painfully familiar EXCITATION. After all, every time it seemed like this was the deal of my life and now I would invest everything in it, and how the market would jerk in the right direction. But he always tore in the opposite direction, taking with him the remnants of our deposit. Second deposits were approaching zero.

And then we started thinking, is it really possible to make money on the Forex market?

Part 2. How we got rich with gold

As I already said, our second deposits were coming to an end, and we decided to understand what was the reason for our troubles. We identified the reason quite quickly - the wrong trading strategy. Like all new traders, we traded haphazardly. Yes, we had some tactics, but, succumbing to the excitement, we forgot about everything and rushed after the rapidly departing schedules. The fast movements of the market drove us crazy, afraid of missing out on big profits, we rushed into transactions. This behavior is even described in many smart articles and is called “Jumping on a departing train.” And the fact that our behavior once again fit the classic definition of beginner’s mistakes only confirmed that very soon we would become seasoned pros and start earning decent money.

But the leaked amount of almost $600 no longer seemed trivial to us, and we decided to slow down a little. We switched to very small transaction sizes and tried to open strictly according to the system. And, in general, something even worked out. Only the profits were completely boring. From deposit balances of about $100, we earned 1-2 two dollars per transaction, which could last more than one day. This situation upset us, because at this rate it will not be possible to return the old deposits soon.

And we decided to turn to our friend for help, the same one who, sitting at home, earns money on the stock exchange both for a mortgage and for a living. His answer was simple and clear - you are trading the wrong pairs. Ditch this Eurodollar and switch to gold trading (XAU/USD). But there was only one significant drawback in trading gold - the minimum transaction amount was $125, and you also need a little for drawdown. In general, our deposits were not suitable for gold at all, and somehow we didn’t want to put new money on them from our own wallet. However, we added a gold chart to our terminals and began to look at it regularly. The figures there were painfully beautiful, and the intensity of the traffic really inspired hope for a quick profit.

After a couple of weeks, we felt ready! It seems that the deposits have stopped melting and we have somehow begun to control ourselves. We have developed our own systems, graphs and arrows, almost like a pro. We gathered our strength and deposited another $500. Well, it’s just that 125 was needed for one deal, and it’s not a fact that it will work, and the reserve was small. And we went to trade for gold. I remember that we certainly had enough adrenaline. Opening a trade where each pip costs $1 was cool. With each market movement, the numbers in the terminal changed in a childish way. The most interesting thing is that we had positive trades, and the fact that the cost of one point was high made the profit very significant. We closed a couple of deals for +$200. Second interesting fact that gold really lends itself well to analysis. It worked especially well on strong lines. True, there was one thing - the chart approached strong lines no more than once a month, but I always wanted to trade. But we controlled ourselves, placed pending orders and waited for juicy deals.

And life would be honey if everything depended on us. After some time, we saw that gold does not always follow strong lines; sometimes it simply breaks through them and rushes to stop losses, taking away our money. Succumbing to the same EXCITATION, we rushed after the schedule, changing trades to the opposite ones. But this, as you know, is bad practice and we lost the deposits. Moreover, we merged them very, very quickly, rushing into one or another adventure. And what’s most interesting is that in all this fuss, you begin to get tired of losing and stop feeling that you are losing real money. Your own, which you recently transferred from your own wallet to the broker.

At the moment when the margin call hit our accounts, we were so exhausted that we were even generally glad that it was finally over and we didn’t have to worry anymore. We firmly decided to leave the Forex market and all these ventures for easy money. Even though we saw positive trades and even closed them. Despite the fact that we, our friend sits at home and makes a living for himself with a couple of transactions, and we work hard at our jobs and there are no prospects for a carefree future.

Is it possible to quit Forex? Is it possible to just leave it one day and never return?

Part 3. How the trading assistant helped us drain the deposit

After a couple of months without Forex, my hands began to itch a little. The resentment from the loss faded away, and those same profitable trades and big candles on gold did not give us peace. After all, there were successful transactions, and they were opened according to our system, when all the facts were clearly planned, and entry into the transaction was carried out only if there were signals. So what then was the reason for our defeat? Why did we leave defeated? And all the forums and books unanimously repeated that the market does not forgive mistakes, that 90% leave with nothing precisely because I trade haphazardly. And only 10% of real pros actually earned their millions on the market.

And then we came across one interesting phrase: “The one who walks will master the road.” We have used this phrase more than once in a humorous version: “The road will be mastered by the one who walks, who goes to...”. One way or another, it became our motto. But really, all our troubles are just a thorny path to laurels. And only cool-headed traders who are able to learn from mistakes are able to reach the end. And off we went. But how can we learn to be cool-headed? How can you stop giving in to temptation and trade strictly according to plan?

The answer came as an inspiration - I need to write an assistant. After all, it is a cold-blooded machine that will be able to objectively assess the situation on the market without succumbing to panic and excitement. Almost all modern terminals have built-in programming languages, and we, by the way, are programmers by profession. The idea was innocent - to write an assistant that would evaluate the market based on a number of factors and tell us whether to open a deal or not. We tried coding for a week. We read the specifications, looked at the examples - everything became clear. The assistant was written quite quickly. I won’t go into the details of our system, but it evaluated the schedule at different periods and highlighted interesting moments in which, according to our assumption, trading began.

The assistant test began, which was very successful. Yes, there were a lot of mistakes, but more than 70% of the decisions were correct. We worked on demo accounts for now, because our real accounts were at zero. In the process of writing the assistant, we saw another important advantage in it - it can work around the clock, it’s also a machine. Here we decided to entrust all trading to him. We added it with the function of opening a deal and started testing it. Again, almost all terminals have access to price history and are able to evaluate the effectiveness of the assistant based on history. The results of the assessment amazed us. Income from transactions was up to 1000% of the deposit per month. True, this was just a story, but we tested it over a long period and the results inspired confidence. Having debugged a number of system parameters using history, we decided to launch the assistant in real time. True, it’s still on a test account.

A couple of weeks of tests showed nothing. The profit was zero, but there were no losses either. We quickly found an excuse - the market is sluggish now. The market was indeed sluggish during this period. We decided not to torment ourselves, otherwise we would suddenly miss all the action with this demo account - we replenished the deposits and launched the assistant on the real account. They set him the minimum transaction size and set him free to sail. He swam for about a month. The market behavior was completely different from history. Although all the forums and textbooks unanimously repeated the golden rule of trading: “history repeats itself.” Yes, for some reason it didn’t happen again. The robot traded, opened a bunch of deals, but we didn’t see a 1000% growth.

Probably the phrase “Third deposits were drained” is now expected. We allowed the assistant to drain only half of the deposits, then we cut his wires. There were 250 bucks left in our accounts. Meanwhile, gold was approaching a very strong line. Well, the EXCITATION took its toll and we decided to recoup all the lost money with one deal. They placed orders and began to wait. The orders, by the way, worked as expected. And we went into profit. We immediately reached $500. But they didn’t stop there; they began, as they wrote in the textbooks, “Milk the market to the last drop.” But the market milked us faster.

The third deposits were lost. But the mistakes are still the same - succumbing to excitement, we deviated from the plan. Although sometimes history simply did not repeat itself, and the market ignored all the lines and went about its business. Is the market amenable to analysis or is it influenced by random fundamental factors that disrupt all traders’ plans?

But main question, which began to interest us: “Are there people who have made money on the Forex market?”

Part 4. Are there people who have made money on the Forex market?

We actually studied this question at the earliest steps, and the answer was obvious - YES! But we began to search more carefully. There are a lot of stories on the Internet about this trader and that one, here they are, these lucky ones. And, reading their stories, we saw how they started, how they made all the same beginner mistakes. There's a German grandmother who, in retirement, sat down at the terminal and made a fortune. Well, yes, it seems there are such people on the Internet. What about in life?

We turned to our old friend with a mortgage. The truth amazed us - so far he has not earned anything, but only lost 200 thousand!!! His wife pays for the mortgage, and he does part-time work, and puts everything he earns on deposit, in the hope of making up for the minus. Before this, he was simply ashamed to admit his failures, they say, they would think he had to be crazy to lose such money. That’s how it is, in general. Although, in his opinion, he has not lost them, he is still in the process of understanding the market, and big profits are already on the horizon.

My brother’s friend from St. Petersburg abandoned this business a couple of years ago, saying, “he earned something, but then lost it all.” It turns out that all the real people you can talk to have earned nothing. On the Internet on forums, people boast that they have been trading for years and very successfully, but in neighboring threads these same people say that they open at a minimum, because the deposit is close to zero. A bit strange for a millionaire.

After analyzing the entire Forex market, I came to a number of contradictions:

1) If it’s easy to make money in the market, as brokers say it is, why don’t they just trade themselves? After all, why should they collect these crumbs in the form of interest on transactions, when they themselves can spin millions there and earn millions. But brokerage companies employ hundreds of employees.

2) Why would someone who has developed their own unique trading system that brings a stable income share it with others? And not just sharing, but also trying to conduct paid seminars for 100 rubles per participant. And some even offer to send CDs by mail for 200 rubles. This is a bit petty for a millionaire, don’t you think?

3) Why should people who have written a successful assistant that brings in 1000% per month post it online? After all, you are already a millionaire, why create competition?

4) Why does a person who considers himself a pro and has been trading successfully for many years write on the forums questions: “Well, where will the market go? What are the forecasts? After all, you have a system and you are based on your proven signals, and not on the opinions of little-known people.

After analyzing my and others' experiences, I came to the following conclusions:

1) Yes, there are people who have made money on the Forex market, and these are the same brokers who collect interest from transactions and conduct paid seminars on “how to quickly lose your deposit.” Besides, I'm sure that most of them don't open your trade at all, but just keep the money in their accounts waiting for you to drain them. And you will merge them, because all these trading systems- nonsense.

2) People who say that they make money on the Forex market are actually ordinary slot machine players. They are simply addicted to EXCITATION and eager to recoup all their losses and hit the jackpot. It’s not for nothing that I highlighted this word in all articles. This is the same addiction as casinos and other long-proven addictions.

3) All these win-win systems are aimed only at ensuring that you quickly lose your deposit and, in the hope of returning what you lost, bring more and more money to the broker.

I described my experience only so that people who are going to or are already trading on the Forex market will analyze my words and try to understand that it is impossible to make money there. You won't be able to tame the market. The market is not subject to analysis or systems. Most likely, you will simply lose your deposit, and then the next and the next. Leave these ideas before it's too late. You will not be able to return money already spent.

Stop! Forex is a soulless machine that absorbs your earned money.

Hello! In this article we will talk about making money on Forex.

Today you will learn:

• Is it possible to make money on Forex;
• How to make money on Forex;
• Basic ways and recommendations for making money on Forex.

The topic of making money on Forex has not subsided for more than ten years. Every year, millions of people from all over the world register with Forex brokers, open deposits and start playing. Some make money, others don’t, but this doesn’t stop the hype around them. Let's figure out how much, how and when you can earn on Forex?

Features of making money on Forex

Before talking about making money on Forex, you need to remember how this exchange differs from the Stock Exchange and talk about several points that are associated with Forex brokers.

Forex - currency exchange. It was formed at the end of the 19th century so that banks and international organizations could exchange currency for mutual settlements.

But as time went on, more and more speculators appeared who wanted quick money from currency fluctuations. And with the advent of the era high technology all trading moved to the Internet, and a huge number of Forex brokers began to appear on the Internet. They “provided” access to the foreign exchange exchange to everyone for a modest percentage of the turnover. Why was it provided in quotes? Let's figure it out.

The main feature of almost all Forex brokers is that they do not take players to the real exchange. Transaction volumes, even within the system, are too small to generate orders so quickly and buy/sell currency on a real exchange. The company simply enters into a contract with one of the liquidity providers - currency, and with its help satisfies the withdrawal from the system and trading within.

So what does not entering the real market mean?

It's simple. On a real currency exchange, as well as on the commodity and securities markets, stock traders play against each other. While some lose, others in exactly the same positions gain. This is why an almost complete balance is achieved in terms of traders’ profits and losses (approximately 53% are in the red and 47% are in the black due to broker commissions).

And from this equality comes the main principle of the stock exchange game:

I only win when someone else loses. Accordingly, I need to be better than half and another 5% of traders.

But with most Forex platforms everything is different. The trader has to play against the “institution” – the broker who provides him with access to the exchange. It follows from this that Forex - like many other games against the house - is a perfectly calculated mathematical model that is guaranteed to bring profit to its owner.

But there is another point here - you don’t need to play better than half the players. It's enough to play for profit. It is most important.

Let's summarize: the big Forex kitchen is a game inside the broker's platform. And it is carried out against himself. When a trader wins, the broker suffers losses, which are partially covered by the commission for the transaction. When a trader loses, the institution makes a profit. As a result, it is beneficial for the institution that the players lose. But now brokers are playing fair. They themselves know the statistics on this market very well and realize that they are guaranteed to be in the black.

Of course, there are also banks as Forex brokers. They do provide access to real forex market play. They can convert currencies for their clients, conduct transactions and receive income from a percentage of the transaction volume. For credit institutions, it makes no difference whether the client is in profit or losing money. They mostly care about commissions.

Currency is the most volatile (changeable) asset. Price fluctuations occur almost every moment. Quotes change depending on any news - from domestic politics, the situation with business within the country, and foreign policy. There are a lot of factors that influence currency quotes every day. And in order to understand such a spontaneous market, a lot of experience and skills will be required.

How much can you earn on Forex?

Does it really follow from all of the above that it is impossible to make money on Forex? In fact, you can even earn decent money on Forex. Many traders around the world have been consistently profitable for 5-6 years recent years after entering this market.

Even beginners without much experience, but with good theoretical basis They can start earning money from their knowledge literally on the very first day. But this is rather an exception to the rule.

Now let's talk about specific numbers. If we take as a basis the published reporting (analogous to trust accounts: investors transfer money to the trader, and he makes transactions for this amount), the average Forex profitability is 200-220% per annum.

This is a very significant indicator, which is quite realistic to achieve. And if we take into account that the trader will most often trade with his own and borrowed funds, then it will be quite possible to achieve 300% per annum. The maximum earnings you can expect in the short term by operating aggressive play– from 20 to 100% in 3-7 days. But such a game will “kill” the account in just a few trading sessions.

But the profit is much more common for beginners and average players, rarely reaching 100% per annum. For most, it is difficult to reach even a bank income of 10-15% per annum, while top players continue to reach heights.

Where to start making money on Forex

You can start making money on Forex in 7 steps:

Choosing a broker

Since you cannot enter the stock exchange on your own, you will have to use the services of brokers. Choosing a broker is one of the most important stages. Success in trading depends on this - the lower the commission, the greater the chance of making a profit, as well as the opportunity to withdraw the money received.

We select a broker based on the following criteria:

One of the most important parameters that you need to look at when choosing a company. He will tell you what other traders think about this broker, how they evaluate working with him, and all the pros and cons of trading.

Duration of existence of the company.

The same important parameter as the broker rating. It allows you to find out how much the company is on the market, and this allows you to judge the legality, profitability and stability of the service. Also, the duration of a broker’s existence reflects popularity with clients - the older the company, the more reliable it is, and often the higher quality services it provides.

It would also not hurt to find out where the company is registered, to whom and in what zone.

Companies that are registered and licensed in Europe are much more reliable than all others, because European legislation carefully monitors the entire Forex kitchen and does not allow unscrupulous brokers to enter the market.

Minimum deposit amount.

One of the most important parameters for each specific trader. Often, more serious sites have significant amounts of entry into the game, while sites for making money on beginners have a lower entry threshold. As for banks, as Forex brokers, their minimum deposit size is often calculated in thousands, if not tens of thousands of dollars.

Spread size.

Spread – the difference between the minimum purchase price and the maximum sale price.

For those who are less familiar with the financial markets, the spread can also be called the broker's commission. As mentioned earlier, the lower the commission, the greater the chance of winning.

Bonuses, service and technical support.

The least important point, but still worthy of attention. Now many Forex networks have bonus programs like doubling the first deposit, etc. The presence of such promotions allows you to start with large amounts of money and have much more opportunities for making a profit than with a small deposit amount.

Technical support is also an important factor. Prompt answers and advice on all questions that arise are a sign of a good broker. You can ask competent technical support about everything technical issues regarding software or trade. In some cases, technical support can even advise where a newbie should start.

Software installation

The easiest step on the way to trading. Different brokers may provide different platforms. The trader’s task is to understand the provided software, install it on a computer and try out all the functions in his personal account.

Metatrader 4 – classic software for playing Forex. It is this program that is used by most brokerage companies.

After installation, you need to either use the instructions sent, or find it on the Internet, or with the help of technical support. support to understand the main functions of the trading terminal. And after you understand the basic functions, you will have to choose a currency pair.

Currency pair - the ratio of one currency to another. On Forex, trading takes place precisely on them.

Once the necessary technical experience has been obtained, you can move on to trading 3-5 currency pairs.

Test on a demo account

A demo account is suitable for those who either doubt their abilities or want to try out all the tools of the trading terminal like real trading.

You need to spend one or two weeks on a demo account to understand how a deal is opened, how stop losses are set, and how to record a sale. During this time, you need to study all the technical aspects that will help you understand technical side Forex trading.

In order to practice understanding some strategies, a demo account is also ideal. It allows you to see places to enter and exit a trade, remember the behavior of the charts, some tricks and other features of the behavior of the charts.

But such an account will not work as a real trading training. After all, in a game for real money you will have to cope with real emotions, temptations, and the whole psychological load per player.

Most main enemy the trader is himself. His emotions, which force him to commit rash acts in pursuit of profit. Thousands of players have easily managed to make a small profit on a demo account, some even doubled their deposits, but when it came to playing for real money, people invariably lost.

Opening a real account

This is the very starting point from which the Forex game begins. It is recommended to open an account with the minimum possible investments. This is done in order not to risk large sums. According to statistics, a beginner loses 2-3 deposits before starting to gain profit.

This means avoid making large investments at the very beginning. It is better to limit yourself to 100-200 dollars for a deposit. This will allow you to “test” the waters, understand whether you have an aptitude for Forex and soberly assess your chances. If the fourth deposit still goes to waste, you need to either give up the idea of ​​making money on the currency exchange, or continue to try to acquire the necessary knowledge.

Reaching the break-even point

The so-called trade to zero. It does not generate income, does not generate losses. This is the very starting point on which a beginner should gain a foothold. After losses at the initial stage, this will be the first serious victory. It is necessary that the break-even point gradually becomes positive or remains at the same level for several weeks.

Once you begin to understand that you will not work at a loss, you can increase your momentum, increase your trading account and extract maximum profit from trading.

First profit

The moment when there was a significant increase in the amount on the trading account. This is the second victory, but it often goes away quite quickly. Traders at such moments think that they have already learned everything about Forex and can now be guaranteed to gain profit. And at such moments the deposit again drops by a decent amount of money.

At this moment, the main thing is to understand one simple thing: stability is a sign of mastery. This means that experienced traders are not those who extract 60-100% in a few days, and then also successfully lose in one trade. These are the people who continue to grow their trading account for years, despite some drawdowns and gains. A smooth upward curve is a sign of a measured and prudent trader who really knows how to play on the foreign exchange market.

Account increase

If you have already become comfortable with small amounts and are able to trade with 5-10% per month, then you can start increasing your account. At first, it is enough to increase the bill by 2-3 times every month. This will allow you to quickly approach large amounts and will not hit the trader’s pocket too much. The result depends on many parameters, but primarily on the work of the trader.

Trading example

In order to understand a little better the entire mechanism of how Forex trading works, let’s use a trivial example. There are 10,000 Euros in the trading account. You believe that the dollar will rise against the Euro, since the US unemployment data report is scheduled for today, and you believe that they will be economically positive. The exchange rate at the time of purchase was 1.10 Dollars per 1 Euro. In total you get $11,000.

During the day, the exchange rate changed, and, accordingly, your profit on the account. At the time of purchase you still had 10,000 Euros. Then, when the dollar exchange rate has increased compared to the euro to 1.12, you already have a loss of 180 Euros, since at this rate you can only exchange 11 thousand dollars for 9,820.

But following the publication of economically positive data on unemployment, the Dollar to Euro rate increases to 1.07, in total you have 10,384 euros. For a fluctuation of 0.03 Dollar/Euro, you make a profit of 384 Euro in one trading session.

This is roughly how most Forex trading occurs in the initial stages. Depending on the method of analysis, technical (based on charts) or fundamental (based on news, events, etc.), you will look at reported events and draw conclusions about future price changes. In Forex, technical analysis is used in 95% of cases.

How to make money on Forex without investment

Many beginners wonder whether it is possible to start making money on Forex without investments. Since this is a speculative activity, capital must be used. The only caveat is that you can use your own or someone else’s capital.

You can receive someone else's capital in two ways:

• Find a real investor for a Forex account;
• Act as one of the players in PAMM accounts.

The first method requires some experience in playing on the Forex exchange and a stable profitability over the long term. By communicating on various forums, groups and other places for traders, you can find a good investor if you provide him with evidence that trading is consistently profitable. Then he can either invest money in you based on the return on his loan, or you can trade on his account and share the profits. In any case, this is a reliable way to start trading with other people's money.

You can also become a member of the PAMM system within a Forex broker. Investors invest cash into a promising trader, and he increases their funds. Often for players with good name and history will not even require investment of your own funds. All costs are borne by investors, and the trader will only need to make a profit.

You can make money on Forex from scratch and without investments only if you have experience in attracting investors. In other cases, you will have to invest real money

What affects profit

Let's return to the amount of profit and see what affects its amount.

Trader preparation. Without proper knowledge in the field of analysis and forecasting, profits will be either minimal or non-existent.

Trading style. This can be a more conservative style - verified transactions with small leverage, taking profits without waiting for huge jumps, etc. This approach allows you to receive income with a greater guarantee.

And an aggressive trading style - transactions with high leverage, often performed on fairly volatile currencies. This approach is characterized high level profits, as well as high risks.

Deposit amount. The greater the amount of money, the wider the opportunities for using it and making a profit. A deposit of 100-200 dollars somewhat limits the use of leverage and investments in currency, since any fluctuations can ruin the account, and in order to get any significant profit you need to take risks.

With a deposit of 100,000, a return of even 1% is a significant amount, not to mention the 5-12% monthly that can be obtained with a fairly conservative game.

Trading strategy. Different strategies require different entry points into a trade and ways of taking profits. With one method, there may be more of them, but they will not be so obvious and you will have to take risks, while others, on the contrary, are visible, but 1-2 times per trading session, and if they have to be closed at a low profitability, this will not cause large losses, and significant income.

In order to consistently make a profit, you need to follow a few simple tips:

Constantly develop yourself. Reading specialized literature on analysis, playing on the Forex market and similar books is the key to success. The foreign exchange market is characterized by noticeable volatility and variability not only in the short term. Earlier securities and the currency had short and high rises and slow, steady declines. Now everything has changed exactly the opposite. You must always be one step ahead.

Analyze your trades. One of the most important ways to develop in a mathematical game like poker is to analyze the hands played, from this point of view - “What was done wrong? What should I have done? Why did you do it this way and not otherwise?” And this approach can and should be transferred to Forex transactions. At the same time, there is no need to analyze only unprofitable transactions from the position: “What needed to be changed?” It is also beneficial to analyze profitable trades with the question: “What did I do right and how can I repeat it?”

Control your emotions. An overly emotional trader is bankrupt. This is a well-known truth that has been confirmed in practice over the years. The most seasoned wolves on Wall Street show no emotion. You can't tell from their faces whether they made a million dollars in a session or lost. Success and failure are perceived with the same detached expression. They are just doing their job. It is this approach to trading that is considered the standard. You need to do your work efficiently, with dedication, but without unnecessary ardor.

Keep a transaction diary. At a distance, this is a huge statistical apparatus, which, if used correctly, can bring colossal profits. It is worth recording in it: the opening date, the name of the pair, the transaction value, the closing date, the opening rate of the transaction, the closing rate, profit or loss.

And so every day, throughout the entire exchange activity. This is done so that, after analyzing the information received, it is possible to draw a conclusion about the profitability of a particular strategy, weaknesses, currency pairs and other smaller details.

Trade systematically. One of the main mistakes of beginners is constantly running between trading strategies. In pursuit of a 100% way to make money, such traders do not understand the main thing - they need time to comprehend the strategy, understand how it works, fully recognize the signals and make a profit.

You need to test the strategy for at least 1-2 weeks to understand whether it works or not, and not close it after several unsuccessful positions. Also, trade systematically - make a certain number of transactions per day. No more. Less is possible, because a situation may arise that there will be few buy/sell signals, but more is not possible.

These are fairly simple principles, but not everyone follows them. This is why many players who come to Forex lose money over and over again. large deposits waiting for a miracle. But it doesn’t happen, money is still lost, and beginners leave, thinking that it is impossible to make money on Forex.

The foreign exchange market is the place where you can really make money. But you need to be a real pro in your field, spend several years and thousands of hours studying the material.

The most famous transactions in the foreign exchange market

In order to understand how much you can earn on the foreign exchange market, having huge capital on hand, we present to you the top 3 brightest players and their transactions:

3rd place. Andy Krieger against the New Zealand dollar. In 1987, there was a colossal collapse of the dollar due to the American market crash. Companies at that time wanted to get rid of the “useless” dollar and buy other currencies. And as a result, some of them were significantly overvalued, which, if used correctly, could lead to their rapid decline.

And so it happened. Using options, a new instrument at the time, Andy shorted the New Zealand dollar. It turned out that the sales volume of the New Zealand dollar was much higher than all the resources available to this country, which is why, after an aggressive wave of sales, the currency simply went down the drain, Andy earned hundreds of millions of dollars (the exact figure is not disclosed), and the New Zealand government asked its never working with their currency again.

2nd place. Standley Druckenmiller and Mark. Standley opened a long position in the German mark when the Berlin Wall came down. He believed this would help stimulate economic growth. At that time, it seemed to the fund, owned by Druckenmiller, that the brand should rise. Together with George Soros, they spent 2 billion on investments in German currency and were not disappointed. The fund received about 60% of the profit.

1 place. George Soros and the British pound. Many people know about this story. In the 90s of the last century, the Bank of England tried to artificially support the exchange rate of the pound against the mark, despite the fact that the German economy at that time was much stronger. The price of holding the rate was high inflation, and many currency speculators watched and waited rapaciously until the British government could no longer hold the rate.

Until this moment, George Soros had been accumulating funds in his account for a very long time and transferring them into British pounds. At one point, he opened a short position and threw all the pounds at his disposal onto the market, and the British currency, unable to bear it, immediately went by 13% in a day. Since then, Soros has been called the man who defeated Britain, and his fund earned about $1 billion from that deal.

All these examples suggest that with sufficient capital and knowledge, you can earn huge money from investments. But even without billions of dollars, you can understand which currencies are overvalued and bet against them.

Forex is a place where it is really difficult to make money. The system gives many opportunities to lose, but at the same time, many players invariably come out in the black. In order to truly make a profit on Forex, you need to put in a lot of effort, spend thousands of hours studying, practicing and improving yourself.

This month I earned +120% on my deposit on Forex. Do you think becoming a millionaire at 25 is realistic? How to make millions without leaving your couch? Do you want to know how to make huge money while lying on the beach, by the sea?

Agree, the first thoughts that come to mind after listening to the above-listed advertisements for absolutely all dealing centers (hereinafter referred to as DCs), isn't this a scam?. We are all adults and we understand that free cheese can only be in a mousetrap, and 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 make a lot of money on Forex?".

The X hour comes and the newbie trader makes the stupidest decision. In hope make money on the Forex currency market, a trader goes to study at a company that makes money from traders. Unclear? OK, I'll tell you in more detail.

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

A new trader goes to study at precisely such companies, and as you understand, they teach him not how to make money, but rather how to lose money. They explain in detail what a trend line is, how to work with support and resistance lines, they will even show trading formations (patterns), give examples on the chart, and for particularly meticulous students, for greater persuasiveness, they will present 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 new 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 so boasted about have not worked for a long time, because the foreign exchange 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 something that we initially assessed " Isn't this a scam?". This thought will sit until the very end, and what is very sad is that this end comes very quickly.

Having tried to trade, a newly minted trader rather thinks not about the quality of the transaction, since he was not told that something could be different, but about the how to make money quickly on the Forex market and what you can buy 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 for a novice trader multiplied by 100 does not work, because he does EVERYTHING wrong. Having received the first knowledge, he did not deign to test it; his head was filled with transaction statistics provided by the teacher from the center and illusions about quick riches.

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

How to make money on the Forex market. The essence and principle of action

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

I hope that now you are mentally prepared that you will not see easy money, but in return you will have to study, study and study. If you don’t 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 stock exchange”, which is suitable for both novice traders and more experienced ones.

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, this was a strange question for me, because I thought that the explanation was on the surface: bought cheap, sold high, profit in your pocket.

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

According to reliable data, you found out that in a month soap will cost 15 rubles, although now it costs 10 rubles. How to make money from your information?

You need to buy soap now 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 making money on the Buy position (purchase)

let's consider real example of how you can make money on currency speculation on Forex.

Buy order for the EUR/USD currency pair

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

1 point 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. The trader makes a Buy deal with the 1st lot, in other words, he tries to make money on a short-term rise in price of EUR (euro) relative to USD (dollar). As soon as the price reaches the level 1.2973 , the trader closes his position (sells).

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

The principle of earning money on the Sell position

The example with soap will not work here, but even without it the essence will be clear.

Sell ​​order for the EUR/USD currency pair

Let's look at the following example of making money on Forex, in which a trader wanted to make a Sell transaction. The question immediately arises: " What about selling? After all, in order to sell something you don’t need to buy something". Absolutely true, but in the foreign exchange market there are slightly different rules. The transaction center allows you to make a sale, as if in debt, so in the foreign exchange market this transaction is quite real.

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 make money on his expectations, a trader should price 1.2960 make a Sell transaction and wait for an acceptable price at the level 1.2893 . After closing the transaction, funds will be transferred to the trader’s account based on:

Sold at price 1.2960 , deal closed (bought) at price 1.2893 , in the end it turns out that the couple passed 66 pp, which in terms of money equals 660$ .

How to make money on Forex online

Selecting a DC to register a trading account

Now that we know how, in theory, traders earn money 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 nowadays 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 “unfair”? 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 controversial issues, litigate under Cypriot laws.

How many will do this? I think no.

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

• Knowing the statistics of losing traders, the DC thinks as follows: “Why put a transaction on the intermarket and pay for it if the trader will lose the deposit anyway. It’s better for me to arrange the appearance of trading on my simulator, leaving all the profit for myself.”
• There are traders who are able to make money, but you can also find a key to them. Which? Yes, he just can’t pay the money he earned, and let him sue who knows who.

Fortunately, the government will soon take the side of Russian traders, if I’m not mistaken, in October 2015, the Duma will adopt a law on regulating the Forex market and present requirements for brokers (Dealing centers). Now, to the question: " How to make money on 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 break it down.

The law is the law, but we shouldn’t screw up, we can’t make the mistake of choosing a fly-by-night company. I suggest you choose 3 reliable brokers. Their reliability lies in the reviews of our fellow traders and the age of the company.

Moreover, at a time when the Internet is moving by leaps and bounds, website design can say a lot. More than once I went to pages that deal with serious investments (as they say), but the site was made, as they say, “on its knees”: nondescript, gloomy and uninteresting.

You say: " Yes, this is not an indicator, a website can be made as beautiful as you want?“It’s possible, no doubt, but as practice shows, fly-by-night companies don’t bother too much about design. Their goal: to attract the client, fool and disappear.

1. Alpari company.

The company has been on the Forex market since 1998 and has proven itself well, both in its attitude towards clients (timely payments, high-quality functionality, experienced analysts, etc.) and in its reliability.

In addition to excellent conditions for trading traders, Alpari offers wonderful opportunities for investors: PAMM accounts, PAMM portfolios, investment funds, structural products etc. In my opinion, it is in Alpari that traders who trade profitably are collected and the yield curve of PAMM accounts is proof 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 regarding either the service or the execution of orders. You can find a lot on the Internet positive feedback, which add significant bonuses.

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

3. Forex4you company.

It began its activities in 2007 and provides access to the interbank Forex market using the NDD model. At one time, I talked with guys who had registered accounts of $100,000, withdrew profits of 5-10% every month, 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, depositary bank services for clients investing from 500,000 USD.

Additional Information!!!

How I make money on Forex (the story of a successful trader)

Every day, hundreds of newcomers leave the Forex currency market, disappointed and leaving their starting capital there. Of course, many naively believe that these are toys: they made a bet, waited and won. But there is a lot to consider here.

Many people are interested in the question - How do I make money on Forex? And I want to tell you my story.

Is it possible to make money on Forex?

I learned about the Forex currency market from an advertisement in the newspaper, just at the moment when I was looking for sources of additional income. Naturally, I was intrigued by the amount of income per month without any effort. I registered and started making my first transactions. I did this blindly and intuitively, there were times when I even won something on my bets, but in less than two weeks all my initial capital disappeared. I was defeated and disappointed, I thought that I had been deceived, that this was apparently some kind of cunning scheme. Besides, how do they earn money here?

How to make money on Forex from scratch?

Stages of becoming a successful trader

I started looking for information and found out from sources on the Internet that this cannot be done without effort. I decided to get my money back at any cost. To begin with, I studied all the basics of trading, studied recommendations for beginners and various strategies. Gradually, I began to understand the intricacies and was able to build a line of my own predictions based on market and economic analysis.

Only after six months of indefatigable study of all kinds of literature on financing, investing, economics and the like, I was able to consciously make transactions. For some it takes longer, it all depends on desire. So, after six months, I was able to return the funds I invested. But since I was already in the know, I decided why not try to earn a little money? And away we go! From that moment on, I never spent a day without studying news, ratings, developing and trying new strategies. Thus, after a couple of years I was able to achieve a permanent, stable income, this is the amount that suits me.

Everyone has their own goals and priorities, I dreamed of working for myself, I wanted to be free from the walls of the office - I got it. What are you dreaming about?!

How much can you really earn on Forex?

To be honest, I didn’t try the strategy on a demo account, since I already had experience in opening and closing transactions. So, trading on a demo account is a waste of time. The initial deposit was opened for $500.