Is it possible to really make money on Forex? We conduct a test drive for $100

This question is the most common among those people who first heard about Forex.

Our answer to this is unequivocal - yes, it is possible to make money on Forex! And in order not to be unfounded, trying to convince you of this, we will conduct a real test drive on a real trading account.

NPBFX (NEFTEPROMBANKFX), which is our long-time and reliable partner, will help us with this

We will start trading with a small amount - $100, which is what many novice traders start with.

When you have more experience and the trading strategy provides a stable increase in profit, the deposit amount can be increased several times.

A few words about the necessary trading conditions

If you also plan to start trading with a small amount on a real account, you need to take the choice of a broker very seriously and study its trading conditions. What you need to pay attention to:

• Minimum deposit. Not all brokers that transfer client transactions to the interbank market will allow you to open accounts if you have several hundred dollars available. This is a major factor that can knock several companies off your list right away.
• Maximum leverage. In order for you to be able to trade more or less comfortably while holding more than one trade, you need a leverage of 1:500. In this case, the margin deposit for the transaction will not take away most of the available funds on the deposit.
• Minimum trading lot. This is another important trading account parameter that needs to be taken into account. If, for example, you have a margin leverage of 1:100 and a minimum trading lot of 0.1, then you simply may not have enough collateral to open a trading position. You will either have to increase the deposit multiple times or look for another broker.

Fortunately, we did not encounter the difficulties described above, because... NPBFX brokerage company has a live trading account Standard Cent .

It differs from a regular standard account only in that the account balance is displayed in cents, which is ideal for trading small amounts. The margin leverage on the account is 1:1000, and the minimum trading lot is 0.01, which allows you to implement any trading strategy.

Test drive of trading on the Standard Cent from NPBFX

We will not describe how we opened the account, topped it up, etc. Anyone can find out how to do this by visiting the broker’s official website. Let's just say that there were no problems with this either.

The broker freely serves clients from Russia, and all financial settlements can be made using bank cards.

To make the test drive as objective as possible, we decided to use an automatic trading system (ATS) for trading, in other words, a robot. What will this give us? Firstly, we will be able to trade around the clock, which is unlikely to be possible with manual trading. A person needs time to rest. With this we will test trading in all sessions - Asian, European, American, etc. Secondly, it will be possible to work with various trading instruments and for this you will not need to monitor them around the clock. Thirdly, trading robots are a great way to check the execution of trading orders provided by the broker.

Now directly about the ATS itself - Bio _ II . This is a proprietary system that we found freely available on the Internet. The robot can trade any currency instruments and on any time frames. We decided to try it on the minute (M1) timeframe so that we could make money using pips.

This is the fastest strategy for making money and checking a broker, although it is quite risky. The robot settings will be standard, the Take Profit level is floating - from 0.5 to 4.5 points. There are six currency pairs in operation simultaneously: EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF and AUDUSD. Next, we will share our results with you.

Test drive results on NPBFX

Let's start with the fact that we managed to confirm our statement made in the first lines of the article - it’s real to make money on Forex! For 3 days of trading, the profit on our account was 0.324%. Yes, maybe someone will say that this is not so much. However, you need to take into account that we configured the trading robot’s parameters for the most secure trading, observing all the rules of money management.

The total risks, with 6 transactions open simultaneously, did not exceed 3% of the deposit. If you multiply these profit figures by 247 working days, the annual profit will be 26.6% per annum . Agree, this is already a good profit, almost passive income. You set up the robot once, and it trades and brings you profits throughout the year. It is unlikely that bank foreign currency deposits can compete with such profits. Below is a screenshot from “Account History”.

The second thing I would like to draw your attention to is the excellent speed of execution of client orders. The NPBFX broker itself indicates on its official website that the company’s servers are located in one of the best data centers, Equinix NY (New York), which also houses 49 of the largest exchanges, including the NYSE. We can fully confirm this information from our own experience, focusing on the speed of ping and order execution. The average execution time in NPBFX is 500-1300 ms . For clarity, we present data on orders from the MT4 journal.

1. Opening a buy USDJPY with order modification

The speed of opening an order with further automatic modification of the TP level, taking into account the current spread, was 736 ms (0.73 seconds) . The buy order itself opened in just 535 ms .

2. Opening a buy USDCAD with order modification

The speed of opening an order with further automatic modification of the TP level, taking into account the current spread, was 1654 ms (1.65 seconds) . Initially, the buy order opened in 1214 ms . We went a little beyond seconds.

3. Opening a buy AUD USD transaction with order modification

This order, taking into account the modification, opened in 712 ms (0.71 sec) . 523 ms to open the buy order itself . It should be noted that all transactions were opened during high volatility in the market.

During the test drive, we never had any complaints about the operation of the MT4 terminal, opening trade transactions and taking profits on them using the Take Profit order. There were no interruptions in communication with the server. It can be stated that the NPBFX broker will trade any strategy, including scalper robots, without any problems. As we noted above, these ATS allow you to check the quality of work of any brokerage company as objectively as possible. It is no secret that there are also those who cancel such short-term transactions. We did not encounter this with the NPBFX broker; the profit on all transactions was made in full.

conclusions

As you can see, you can earn money by trading Forex regularly five days a week. At the same time, trading can be carried out either by manually opening transactions or using a trading robot. In the first case, you will need to take training courses on trading, as well as gain experience by trading on a demo or cent real account.

In the second case, you can buy a good proprietary PBX or simply download the robot on the Internet. To trade with its help, it will be enough to master the basics of trading, as well as understand the technical part of MT4 and the settings of the advisor itself. Another good thing about trading with a robot is that you have to devote a minimum of time to it, unlike manual trading.

As for profit, it all depends on how much you are willing to risk your own funds. You can trade a small lot, as we did, and then the profit margin will be moderate. If you increase the lot volume, risking 100% of your capital, then you can earn 300-500% per annum by trading. The optimal solution, in our opinion, would be the golden mean. For example, risks of 20-25% of the deposit. This will allow you to earn 100-150% per annum quite safely.

The issue of choosing a broker for effective trading is also very important. Not only the speed of execution of your transactions, but also the general possibility of using your trading strategy depends on it. And also smooth and prompt payment of your profits. To prevent such difficulties from affecting you, we, for our part, recommend trading through the NPBFX broker.

The company has been providing brokerage services since 1996, providing its clients from all over the world with direct access to interbank liquidity. The technology for lightning-fast straight-through processing of client orders STP/NDD completely eliminates conflicts of interest and also allows you to use absolutely any trading strategy. You can become a client of NPBFX (NEFTEPROMBANKFX) by registering on the company’s official website.