How a beginner can make money on Forex.

I'd like to disappoint novice traders right away: it's practically impossible for a beginner to make money on Forex. More precisely, "making a consistent profit." Making a profit on one or two trades is entirely possible, but making such success a regular occurrence is quite difficult.

Typically, it follows a standard pattern: you earn a few pips on winning trades and lose everything on one losing one.

There's no standard recipe for making money on Forex as a beginner, but there are a few tips that will help you save money.

Option 1.

This is the simplest and also the most reliable. It involves not trading with all your available funds until you achieve success on a cent account . This means you practice on a real account with a small amount, gaining experience and knowledge.

You earn money from investments or automated trading.

Investments – the most popular option currently is investing in Top 10 managers ; this is a new type of trust management that provides maximum protection for your funds. The average return is around 50-60 percent per annum.

In this case, you will not only avoid losing your initial capital due to inexperience, but also earn a good profit, which is very difficult for a Forex beginner.

Option 2. Copy

trading, or as it is also called Forex copying, is a recently introduced option to copy the trades of successful traders, sharing a portion of the profits for successful ones.

Just imagine that you can now copy the trades of George Soros or Larry Williams. Not all beginners appreciate this new opportunity.

The idea is that you register on the broker's website offering this service and then choose whose trades you want to copy.

The advantages and disadvantages of this option are described in detail in the article " ForexCopy ."

Option 3.

Independent trading - perhaps you will be among the 5 percent of traders who win on Forex.

To begin with, use the simplest Forex trading strategy and follow these recommendations:

• Deposit only half of your available funds into your account.
• Follow the recommendations in the strategy completely.
• Don't trade without a stop loss.
• Don't open trades randomly.

This is the riskiest option, especially if you have been familiar with the Forex market for less than a few months.