Working on Forex for a beginner, options and real earnings
The specialty of a trader has recently attracted more and more people, working on Forex brings a lot of income, the fact is that by becoming a trader you have the opportunity to earn not just a lot, but a lot.
One of the clear examples is the record of Larry Williams, who managed to increase his deposit from $10,000 to 1,140,000 in a year. Even if
you don’t have such a large amount to start trading, even 11,000 from $100 in a year is not bad.
At the same time, we should not forget that you can work on Forex not only as a trader; in practice, there are many other, no less profitable opportunities.
Moreover, some of these options are less risky compared to regular trading, and can bring no less money.
Working in 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 earn a lot and quickly, but this path is characterized by enormous risk and you need to have at least a modest initial capital. True, all you need to do is select a Forex DC and open an account.
Then everything will depend only on you, or rather on your knowledge and skills; you can read more about trading on the Forex market in other articles on this site.
On average, a trader earns from 30 to 60 percent per annum from the funds he trades.
To be one hundred percent honest, this kind of work on Forex is a kind of business in which you have to find out everything yourself, plan your working day and receive only what you earn.
2. Work in a brokerage company - they don’t hire anyone off the street, you must complete a training course and thoroughly study all aspects of working in Forex. The average salary can range from $1,000 to $3,000.
Often the salary for such a robot is formed from the salary and the amount of commissions that are 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 will only become available if you have shown excellent results in independent trading on the Forex market. You will have to trade as usual, but only using investors’ funds, in which case your earnings can increase tens or even hundreds of times.
You will receive a percentage of all successful transactions, its size entirely depends on your success.
Some successful managers earn tens of millions of dollars a year. Some dealing centers accept such work, but first you will definitely have to pass a test and prove your suitability. You can also open your own PAMM account and attract money from investors, thereby increasing the deposit in the trading terminal.
4. The specialty of an analyst is the least risky and quite profitable employment option, although you need to have a good understanding of the factors influencing the exchange rate, have an analytical mind and be able to make forecasts.
They hire both news agencies and think tanks. In order to get this position, it is desirable not only to understand economics and finance, but also to have a specialized education, this is exactly the case when a diploma is important.
The salary here is also not great; its size starts from $1000 per month and depends on your fame and the accuracy of the forecasts given.
5. Programmer - creating various programs for trading on the Forex market, they pay much more for them than for similar scripts designed to perform tasks in other areas of application.
You can also make money by independently selling trading advisors or auxiliary scripts. Such advisors can work not only on Forex, but also on other exchange platforms.
A good advisor sells for several hundred dollars.
As you can see, working on the Forex market is not only independent trading, but also a lot of other opportunities to earn money, and you can safely combine several possible options, thereby increasing your earnings.
Working on Forex for a beginner, options and real earnings