Playing on the Forex market seems to be one of the possible ways to make money remotely using the Internet. The chances of getting rich here are much lower than that of a professional poker player, but if you have the desire and talent, as well as hard work, you can still earn money.
Are Forex transactions fraudulent?
It should be noted right away that Forex is not a fraud, but a legal, real market for interbank currency exchange at free prices. The name comes from the English. FOReign EXchange - "foreign exchange". But in Russia, when they say forex, they usually mean speculative trading in this market, which, in fact, is not a fraud either. Back in the early 70s, the United States moved away from the gold standard and, abandoning the implementation of the Bretton Woods agreements, switched to a floating exchange rate. Thanks to this floating rate, the dollar constantly and daily changes its value relative to other currencies. These changes, in general, make it possible to make money on speculation. This is how the profession of a trader was born. The short history of forex development knows its heroes and even stars. Everyone knows the name of George Soros, who made literally billions of dollars in speculation.
Soros was even included in the Guinness Book of Records as the most successful trader. Once, as a result of a successful speculation, he earned as much as two billion dollars in one day!
He is called a financial speculative genius, which gives hope to novice traders looking to get rich. However, how much is this possible?
What are the chances for an ordinary person to make money on forex?
The chances are slim. And do not be confused by beautiful advertisements recruiting to the forex system and promising easy money. Usually behind these systems there are companies teaching speculation, which earn not by playing on the foreign exchange market, but precisely by the students, who sometimes bring the last money to the teachers. In return, he gets a bunch of teaching aids and recommendations, the study of which goes headlong. You can also mention in a separate article that all kinds of leadership trainings are imposed on him, giving a feeling of euphoria, but not approaching the coveted earnings. All this constitutes a huge industry.
With the advent of the Internet, everyone who has access to the network has an opportunity to join speculation. And, probably, everyone who wanted to make money using the Internet had to deal with advertising of the forex market.
You can actually make money on forex, but for this you need to understand a lot of tricky nuances of how the system itself works, and shove through a sufficient number of boards and forums, while having a flair and analytical mind. Also, the knowledge gained during forex speculation can be successfully applied in other professions. So, for many, the forex game becomes just a stepping stone - later people become brokers or professional stock traders.
