Forex as a means of earning

Now almost everyone who surf the Internet, at least once ran across sites offering earnings in forex. Everyone promises you a million profits. But it is worth recalling that working on forex requires diligence and knowledge. Everything is not so simple as they assure advertising. But with due zeal, you can earn a lot of money.

To earn money on forex will help dealingcity.ru. First, it is necessary to understand the principle of work - it's speculative operations: you buy cheaper, sell more. Of course, everything looks simple. All novice workers are given the opportunity to undergo training in a training account, where you try yourself on the market. But one thing is to play for virtual money, which is really not, and quite another - to invest your capital. But with due knowledge, market sensitivity, intuition and luck, you can earn from 100 to 1000 dollars per average investment per hour. But do not forget that with the same success, in the absence of skills and knowledge, they can be lost.

In order for the work on the forex to bear fruit to the trader, he needs several components:

• Excerpt,
• Strong nerves,
• Knowledge of the market,
• Ability to analyze,
• Own strategy.

The very analysis of the market also has options:

• Fundamental analysis implies that the trader has knowledge of the economy of different countries, knowledge of economic laws and the ability to make an assessment of macroeconomic indicators. A long-term plan of behavior on the market is being drawn up in accordance with the compiled picture.
• Technical analysis, which involves drawing up a line of work on the available charts of exchange rates. As a result, the estimated dynamics of exchange rates are made.
• Computer analysis, which involves mathematical calculations of the exchange rate behavior in accordance with the available data.

It is very important to develop a trader's own work strategy. But this takes years. For newly-minted forex workers, several well-established strategies are proposed for consideration:

• Carry Trade (Carry Trade) proposed a trading strategy, which consists in making a profit from the difference in interest rates for different currencies.
• Channel strategy is based on trade within certain price boundaries.
• Pipsing is called short-term trade with the slightest market fluctuations.
• Trade in breakdown - at the right price level.