Who makes the most money in Forex?

Interest in other people's earnings is inherent in any person; you always want to compare your achievements with your competitors and evaluate growth prospects.

Therefore, it will be interesting for every trader to find out who earns the most by trading Forex, and we are not talking about record holders of exchange trading, but about the most profitable trading options.

After all, if you look up to someone, you should know how he managed to achieve his success. It’s always easier not to invent a bicycle, but to repeat step by step a path that has already been taken by someone.

Amount of capital.

The saying “Money makes money” is familiar to everyone, but not everyone understands how this formula works in practice.

The more money you have, the less risky a trading strategy you can use, and open trades only when you are completely confident in the result.

For example, while watching the euro/dollar currency pair, you discovered that the euro had reached its upper limit and began to fall.

You have 100,000 in your account, the transaction volume is 10 lots, and having earned only 100 points on the new trend, you put $10,000 in your pocket. At the same time, the risk is actually minimized, because the proportion between trading volumes and deposits is no more than 1:10. Most financial tycoons do exactly this, although they do not use leverage at all or its size does not exceed 1:10.

The most profitable strategists.

If you do not have a lot of capital, you can earn it, but this will require taking risks; usually, deposit acceleration is used to quickly increase the deposit .

This is a rather risky option, so I don’t use it for regular trading, but with a successful combination of circumstances and some ability to make $1,000 to $10,000, you can try. In second place is scalping; there are many varieties of it, so monthly profitability can range from 100 to 1000 percent.

The most famous scalper was Larry Williams, who made $1 million out of $10,000 in less than a year.

In addition to the increased risk, scalping places increased demands on the broker through whom trading is carried out; not all companies allow a large number of short-term transactions, so you should cooperate only with scalping brokers .

The most profitable instruments.

These are:

• Currency pairs – due to the ability to use large leverage and the dynamics of the trend.

• Binary options – winnings per trade can reach 400%.

• Precious metals – mainly gold and silver.

As statistics show, it is traders who use these strategies and tools who earn the most on Forex, and, of course, the amount of capital is decisive.