Who makes the most money on Forex?

Everyone is naturally interested in other people's earnings; we always want to compare our achievements with our competitors and assess our growth prospects.

Therefore, every trader will be interested in learning who earns the most from Forex trading, not just the record-breaking exchange traders, but the most profitable trading options. After all, if you're looking to someone for inspiration, you should know how they achieved their success.

It's always easier not to reinvent the wheel, but to follow step by step the path someone else has already taken.

Capital size.

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 your trading strategy can be, and you can only open trades when you're completely confident in the outcome.

For example, while monitoring the EUR/USD currency pair, you notice that the euro has reached its upper limit and is starting to fall. You have $100,000 in your account, the trade volume is 10 lots, and by profiting just 100 pips on the new trend, you pocket $10,000. Moreover, the risk is virtually minimized, as the ratio between trading volume and deposit is no more than 1:10.

Most financial tycoons operate in exactly this way, although they don't use leverage at all, or the leverage is no more than 1:10.

The most profitable strategists.

If you don't have a large capital, you can make some, but it requires some risk. Deposit boosting . This is a fairly risky option, so I don't use it for regular trading, but with luck and some skill, you can try to turn $1,000 into $10,000.

Scalping is second, and there are many variations, so monthly profits can range from 100 to 1,000 percent.

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

In addition to increased risk, scalping places higher demands on the broker you're trading through. Not all companies allow a large number of short-term trades, so you should only work with brokers specializing in scalping .

The most profitable instruments.

These are:

• Currency pairs – due to the ability to use high leverage and the dynamism of the trend.

• Binary options – the profit per trade can reach 400%.

• Precious metals – mainly gold and silver.

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