Where to get money for trading on the stock exchange
Almost everyone is familiar with the saying, "Money makes money," so the problem of increasing
working capital in Forex is especially pressing. A trader's account balance primarily determines such indicators as earnings and risk.
There are numerous ways to attract additional funds and thereby increase your profits. However, this should only be done after you've already achieved positive financial results over several months.
In Forex, you can lose $1 as quickly as $10,000, so don't attract additional funds to your account until you've learned how to make money.
1. The first method is the simplest and also the most expensive: various credit options. This requires a quick calculation and comparing your profitability with the loan interest.
If you trade with an average financial result of 15% per month, and the bank gives a loan at 5% per annum, then by taking out a loan you can easily repay not only the interest, but also the principal. An alternative could be a pawnshop and other collateral schemes. However, this is the riskiest option.
2. Attracting investors - many of today's billionaires made their fortune on other people's money, so this option will give you the opportunity to manage funds in virtually unlimited amounts.
But at the same time, you should not forget about some secrets of attracting investors to your PAMM account:
• Trading profitability - no one will invest money in an account with negative statistics, so you should start participating in the manager rating only after you are confident in your abilities.
• Account balance - investors simply adore large deposits, and they do not always look at the replenishment history. Therefore, if you want to attract $ 10,000, you should have at least $ 1,000 in your account.
It's not necessary for this money to be yours; you can use borrowed funds and repay the loan as soon as the first clients appear.
• Stability – the first thing that catches your eye when choosing a PAMM manager is large drawdowns, so try to avoid them. Even if your monthly profit is only 10%, it will be stable.
How to become a PAMM manager?
It's quite simple. To do this, you just need to register an account with a brokerage company, for example, Alpari . This company's advantages include an initial manager deposit of just $100, the company's reliability, and a recently created PAMM account rating. The latter is especially important, as with good results, you can almost immediately take a leading position.
The third option is also quite interesting; although you're unlikely to earn more than a couple of hundred here, the risk is minimal. Choose your favorite company on the " Dealing Centers " page, register as a partner, and start attracting new clients.
And we use the money we earn for trading Forex. This is how I managed to scrape together a decent deposit for independent trading.
