Types of earnings on Forex: options for active and passive earnings, description and implementation options. Advantages and disadvantages of each option
For many potential traders, Forex is associated with speculation in the foreign exchange market. Meanwhile, there are more than a dozen other earning options that are directly or indirectly related to trading. And even if they all require some knowledge and skills, this is not a reason to refuse them. Can I make money on Forex? Of course, yes, if you approach this issue wisely. This review discusses all the main types of earnings on Forex, provides practical examples of the implementation of methods for making a profit on Forex, and also describes the advantages and disadvantages of each of them.
Forex Earnings Options
Forex is an over-the-counter currency market where every day thousands of traders make hundreds of thousands of transactions worth millions of dollars. The USA. Someone is losing, someone is finding. Someone is disappointed, and someone becomes a professional, for whom trading is not just a job, but a way of life. Forex is multifaceted. Despite the rumors that over-the-counter speculative trading has grown, the market continues to live like a beehive.
If you ask a person what it means to understand Forex earnings, the most common answer will be: “This is speculation” or “Earnings on the difference in exchange rates”. It is the stereotype of thinking that prevents many from taking the path of success. In this review, I will introduce you to more than 10 ways to make money on Forex, and maybe you will find something for yourself here.
Summary of the review – types of earnings on Forex:
- direct trade;
- PAMM accounts;
- social trading;
- participation in tournaments;
- prop trading;
- partnership programs;
- selling signals;
- writing advisers;
- conducting seminars and webinars;
- creating and maintaining your own YouTube channel;
- writing analytical articles;
- maintaining your own blog;
- creation of a brokerage company.
How to make money on Forex? Active and passive Forex earnings
Forex earnings options can be divided into two types conditionally: active and passive. In the case of active earnings, the trader takes a direct part in it. Moreover, this may not necessarily be just trading, but, for example, actively attracting potential broker customers through an affiliate program. In the case of passive earnings, the investor invests money and his capital works for him while the investor is busy with other issues not related to Forex. It is possible to combine both types of earnings.