Now (and always) it is quite difficult to live without money. What’s interesting is that they don’t just fall from the sky, they need to be earned. But how? And here a person has many opportunities: to find his place in real business or to make money on exchanges/stock markets. This is the second option that will be discussed. So, how can a beginner make money on the stock exchange at home without investments and deception, and not lose on the first day? What is needed for this?
My personal experience of making money on the Forex exchange
First, I think it will be useful for you if I briefly share with you my story: how I started making money on Forex.
I really hope that you will learn from it the mistakes I made and avoid repeating them. I've done a lot of things in my life, but Forex is still one of my favorite activities. I have been engaged in this type of activity for more than 5 years.
The first time I heard about Forex was while still studying at the university. I immediately liked the idea of earning money without leaving home by trading in financial markets.
I spent a lot of my free time learning how to make money: I tried various strategies, read books by professional traders, learned about the importance of emotional control, etc.
At the beginning I tried trading on a demo account and it was very successful. Being completely confident that I would now start shoveling money, I switched to a real account. During the first evening I already earned something like $50-75 . To say that I was incredibly happy is to say nothing!
But over the next 2 days, solely through my own fault, I lost my entire deposit. This happened because I lost my sense of reality, emotions took over my mind and trading frankly turned into a casino. Trying to win back, I lost everything.
I am sure that many beginners who have just started are familiar with this situation and have gone through it. According to statistics, 97% of all new traders lose their first deposit and this is quite natural, since basically they all initially trade without a strategy and rules.
The most important thing happens after this moment.
The first part of people who lost their first deposit are completely disappointed and leave Forex. Then such people write at every step on the Internet that it is impossible to make money and it’s all a scam.
The second part of beginners is that they replenish their trading account several times, but also completely lose all their money, since they don’t even think about learning from their mistakes and using trading strategies. As a result, they, like the first group of people, consider Forex to be roulette and after a while leave the market.
The third part is those who understand that in order to earn money consistently, you just need to manage your emotions, strictly follow the strategy and comply with risk management.
Believe me, making money on Forex is not only real, but quite simple - you just need to follow simple rules and that’s it!
I personally know many private traders who earn thousands and even tens of thousands of dollars per week. In addition, the world is full of large investment funds that earn hundreds of millions of dollars .
Over 5 years of active Forex trading, I gained a lot of experience and tried a large number of different strategies, many of which, frankly, were not particularly profitable. In this article I will share with you the 3 best and most effective strategies. But we'll get to that a little later.
If you also want to learn how to make money on the Forex market, then have a little patience and read the article further. The most important thing is yet to come!
