Forex is not a game of chance, where your success depends on either good or bad luck. In order to make profit on Forex, you need to have knowledge, patience, and a thoughtful trading strategy. Forex rarely brings big profits in the short term (although this is possible), but with a serious approach, you can get a relatively small but stable earnings of about 10-15% of turnover per month. In annual terms, the average profit can be from 30 to 100% depending on your trading skills.Earnings depend on the size of the deposit. If you invest $12,000, then with a successful trade the average monthly profit will be $1,000 at a rate of 100% per annum. Expecting that you can earn millions in a couple of months if you deposit $100 is na?ve to say the least. Instead of counting on luck, it's better to use
Forex calculator and start planning an effective long-term trading strategy.
Make it profitable
FOREX (FOReign EXchange) is an over-the-counter currency market where five major world currencies are being traded: the US dollar, the euro, the Japanese yen, the Swiss franc and the British pound sterling. Forex is also called the market of interbank currency exchange at free prices.What are the factors that determine the profitability of trading on Forex? First of all, it is determined by the broker's ability to analyze the market and make predictions. The key figure is always a trader. The mechanism of profit making is rather simple: the principle of currency trading on Forex is identical to the work of currency exchange offices, only the exchange takes place online and its rates can fluctuate every few minutes or seconds. It is important not to miss the moment.
Forex millionaires
One of the most famous millionaires who made their fortune in the international currency market is Richard Dennis, who earned $200 millions on Forex. At the same time, the average earnings per single transaction was only 5%, and it took several decades to obtain so much money.The strategy of Dennis can be formulated as follows: why losing money in an unstable market if you can make a confident trend in the quiet times. Another example of the Forex millionaire is Vladimir Kholodetsky, who earned $110,000 on Forex in just 7 months of trading, but before that he had been studying trading for a long time on the stock exchange. One more legendary Forex trader is Larry Williams, who started trading on stock markets in the 1960s. After spending a whole year studying economics, finance and exchange trade, he managed to earn his first million in just 5 years. You can search for their strategies or you can develop your own tactics and become another Forex millionaire.
