Where to get money for trading on the stock exchange
Almost every person is familiar with the proverb: “Money makes money,” so the problem of increasing working capital in Forex is especially acute.
It is the size of the trader’s account balance that primarily determines such indicators as earnings and risk. There are many ways you can attract additional funds and thereby increase your profits.
But this should only be done if you have already had a positive financial result for several months. You can lose $1 or $10,000 at the same rate in Forex, so before you have learned how to make money, you should not add additional funds to your account.
1. The first method is the simplest and at the same time the most expensive - various credit options. Here you will first need to make a small calculation and compare your profitability with the interest on the loan.
If you trade with an average financial result of 15% per month, and the bank gives a loan at 5% per annum, then by taking out a loan you can easily return not only the interest, but also the body of the loan.
An alternative may be a pawnshop and other collateral schemes. But still, this is the riskiest option. 2. Attracting investors - many of today's billionaires made their fortunes on other people's money, so this option will give you the opportunity to manage funds in almost unlimited amounts.
But at the same time, we should not forget about some secrets of attracting investors to your PAMM account:
• Profitable trading – no one will invest money in an account that has negative statistics, so you should start participating in the rating of managers only after you are confident in your abilities .
• Account balance – investors simply love large deposits, and do not always look at the history of replenishment. Therefore, if you want to attract $10,000, you must have at least $1,000 in your account.
At the same time, it is not necessary that this money is yours; you can also use borrowed funds, and as soon as the first clients appear, repay the loan.
• Stability – the first thing that catches your eye when choosing a PAMM manager is large drawdowns, so try to avoid them.
Let your profit for the month be only 10% but stable. How to become a PAMM manager?
It’s quite simple, to do this you should register an account with one of the brokerage companies, for example - Alpari , the advantages of this company are the manager’s initial deposit of only $100, the reliability of the company itself and the recently created rating of PAMM accounts.
The latter is especially important, since with a good result you can almost immediately take a leading position. 3. The last option is also quite interesting, although it’s unlikely that you’ll be able to earn more than a couple of hundred here, but the risk is minimal. We choose the company we like on the “ Dealing Centers ” page, register as a partner and begin to attract new clients.
And we use the money received for trading on Forex. It was this way that I managed to scrape together quite a decent deposit for independent trading.