Forex as a business option or earning money with minimal risk
We all come to Forex with the goal of earning as much as possible, while rarely does anyone strive to make a profit exclusively in the classical way.
After all, now there are a lot of other options on the stock exchange, including making money with the help of robots.
The only problem when using such scripts is the condition for the presence of a decent amount in the account.
After all, in order for an advisor to bring greater profits, a large amount of money is needed, the size of the deposit and the amount of money earned are in proportional dependence.
But at the moment it is not at all difficult to attract an investor, the main thing is that the trading account statistics look as attractive as possible.
To do this, you just need to choose a profitable advisor, and ideally, buy a well-proven robot, test it, and then install it on an account opened with one of PAMM brokers.
Some people wonder why such difficulties if the advisor is already profitable?
After all, you can deposit your money and not contact any PAMM accounts, but in this case the level of risk increases significantly.
Since here, in the event of a failure of the advisor’s algorithm or an unusual situation on the market, you can lose a large part of the deposit, but when using PAMM accounts, everything is a little different.
If your personal deposit is $1,000, then the funds raised may be $50,000; if the advisor’s profitability is 10% per month, he earns $5,100, half of which goes to investors.
It’s no longer difficult to calculate that you very quickly cover your risks and enter the break-even zone.
But unfortunately, this option for making money, like any other business, requires initial investments; they are relatively small compared to the prospects that open up.
Most often, the price of a robot starts at 500 US dollars, although there are also options for 30,000. But the main thing here is not the price, but the normal operation of the script, if configured correctly, and some free advisors can show good statistics.
You also need funds to open an investor account, most often brokers require that this amount be at least $100, but it is recommended to gradually increase the deposit since investors are still attracted to accounts where the manager’s own funds exceed 1000. Additional income can come from selling
signals through the mql5.com service, the price of one subscription starts from $30 per month.
It is clear that to implement such an option for earning money, you will need some knowledge, but take my word for it, it is much easier to earn money this way than to learn how to trade consistently on the stock exchange yourself.