Latest Articles

Dollar gains, stocks teeter as US data suggests rates to stay higher

The dollar rose and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the...
HomeFOREXHow to make the most money in foreign exchange speculation

How to make the most money in foreign exchange speculation

Many people choose to speculate in foreign exchange to make money . Although the risk of foreign exchange speculation is small, the threshold is high compared to other investment methods. If you know a thing or two about it, you know that there is still some risk involved. And what is the best way to make money through foreign exchange speculation?

Many forex speculators speculate in forex in order to make money, but it is hard for anyone to actually make money. So, what is the most profitable way to speculate on Forex?

1: Foreign exchange should have a legal source. The basis of individual speculative foreign exchange is the early foreign exchange in the hands of investors. At present, the main channels for domestic investors to obtain foreign exchange are: remittances from overseas Chinese, foreign exchange carried by returning laborers, foreign exchange carried by returning entrepreneurs and students, foreign exchange wages earned by employees of foreign companies, etc. Foreign exchange speculators should abide by relevant national regulations Foreign exchange management regulations.

2: Pay attention to the risks. The quotation of personal foreign exchange speculation business is determined with reference to the real-time exchange rate of the international financial market , plus a certain range of bid-ask spreads. Therefore, the quotation will also fluctuate with the fluctuation of the international financial market, which has certain foreign exchange market risks.

3: We should constantly enrich the knowledge of foreign exchange speculation. Foreign exchange speculation should have basic financial knowledge and understand the basic situation of the global foreign exchange market, such as the formation of foreign exchange, the motivation of participants, the formation of exchange rate quotations, etc., such as basic economic factors, political and media factors, central bank policy factors, Psychological and market forecast factors, emergency factors, etc.

4: We should have a good psychological quality, win without pride, lose without discouragement. Only by keeping in mind the risk, scientific stop loss, and immediate profit, can we become a smooth foreign exchange speculator.

How to speculate in foreign exchange is safer and more appropriate: Opening a foreign exchange margin account is actually only $500 , but it is not recommended to open an account with only $500. It is too risky, and if you may lose everything, the worst is more than $5,000. excess insurance. Standard order is $1000. If the next order exceeds $5,000, the ups and downs of the composite index are completely bearable.

If the capital is magnified 100 times, the index fluctuates a little, which is $10. That way, as long as you earn 5 pips a day, in GBPUSD , your monthly income will be 30%. There are ups and downs of 100 points a day, and it’s not hard to get 5 of them. Take a 30% yield as an example, you can get your principal back in three or four months. In this way, in the future operation, profit and loss are zero risk.

People who lose money on the foreign exchange market find it difficult to make money. As they tasted the sweet, they were eager to win another 95 points and get rich overnight. There are people with a monthly return of 798%, but such people are really rare. Higher returns often come with higher risks, and investments should be made with caution. In fact, on the foreign exchange market, as long as you are not too greedy, you can make a lot of money from the US non-farm unemployment data released on Friday at the beginning of this month.