Working on Forex for a beginner, options and real earnings
The profession of trader has recently attracted more and more people interested in it. Working on Forex brings in a lot of income. The fact is that becoming a trader gives you the opportunity to earn not just a lot, but a lot.
One clear example is Larry Williams' record, who managed to increase his deposit from $10,000 to $1,140,000 in one year.
Even if you don't have that much to start trading with, even $11,000 from $100 in a year is still pretty good.
It's important to remember that working on Forex isn't just about being a trader; there are plenty of other, equally profitable opportunities.
Moreover, some of these options are less risky compared to regular trading, but can bring in just as much money.
Working on Forex is not only profitable, but also prestigious. It's not for nothing that traders are called white-collar workers, and the exchanges themselves are located in the most respectable areas of large cities.
Forex trading options
1. Independent trading is a great opportunity to make big money quickly, but it's a high-risk path, requiring at least a modest starting capital. All you need to do is choose a Forex dealing center and open an account.
From there, everything depends entirely on you, or more precisely, your knowledge and skills. You can read more about Forex trading in other articles on this site.
On average, a trader earns from 30 to 60 percent per annum on the funds he trades.
To be completely honest, this type of forex trading is a unique type of business where you have to learn everything yourself, plan your workday, and only take what you earn.
2. Working at a brokerage company – they don't hire just anyone; you have to complete a training course and master all aspects of forex trading. The average salary can range from $1,000 to $3,000.
Often, the salary for such a job is made up of a salary and a commission amount accrued for attracting clients or increasing investments.
Your responsibilities will include consulting new clients and providing technical support in case of problems.
3. Trust management – this option is only available if you've demonstrated excellent results in independent forex trading. You'll trade as usual, but only using investors' funds. In this case, your earnings can increase tenfold, if not hundreds of times.
You'll receive a commission on all successful trades, and the amount depends entirely on your performance. Some successful managers earn tens of millions of dollars per year.
Some dealing centers hire for this type of work, but you'll definitely have to pass a test to prove your suitability first. You can also open your own PAMM account and attract investors' funds, thereby increasing your deposit in the trading terminal.
4. Analyst work is the least risky and quite lucrative option, although it does require a good understanding of the factors influencing exchange rates, an analytical mind, and the ability to make forecasts.
Both news agencies and think tanks are hiring. To land this position, it's desirable not only to have an understanding of economics and finance but also to have a relevant education—this is precisely where a degree is essential.
The salary here is also not high; it starts from $1,000 per month and depends on your fame and the accuracy of your forecasts.
5. Programmer – creating various programs for trading on the Forex market; they are paid much more than for similar scripts designed to perform tasks in other areas.
You can also earn money by selling trading advisors or auxiliary scripts yourself. These advisors can work not only on Forex but also on other exchanges.
A good advisor sells for a few hundred dollars.
As you can see, working on the Forex market isn't just about independent trading; it also offers a multitude of other earning opportunities. You can easily combine several options, thereby increasing your earnings.
Working on Forex for a beginner, options and real earnings
