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Old 04-09-18, 09:37 AM   #1
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Default How to earn money with forex?

Is it a profitable idea at all?
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Old 06-09-18, 08:24 AM   #2
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Default Re: How to earn money with forex?

I tried Forex a couple of months ago and I can say that it's profitable but mostly as an additional type of work, not the main one. The main idea of this market is making financial operations with foreign currencies, the money you earn appear from difference in exchange rates for these currencies. Because of that prices for the certain currencies are very important, as also political and economical situation in various countries, it has a great influence on them. You need to monitor the market every day for these prices changes and catch a good moment for making a profitable deal. The other important key is technical analysis, you need to analyze prices changes in past for understanding their principles and later predicting of such changes in future, in this way it'll be easier to catch a moment for a good deal. So as you can see forex trading needs much luck too because with prices changes it's impossible to earn very good money every month.
The other important thing is to find a good and professional broker who will manage all your financial operations. It's recommended to choose them only from regulatory agencies lists https://fx-list.com/pamm-forex-brokers because in all other cases there's a great risk for scam https://www.investopedia.com/article...roker-scam.asp . Also even reliable ones often demand rather high fees.


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Last edited by RedSky; 06-09-18 at 08:26 AM..
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