Free Forex Trading is said to be easy to earn, even for beginners. However, when you try it, you may not be able to make any money, or you may end up in a situation where all the funds you have prepared have melted instead of making a profit. However, Free Forex Trading is an investment method that makes a profit with a high probability if you know how to profit.
Therefore, in this article, I will explain from the author’s perspective, who has earned more than 700,000 INR a month with Free Forex Trading. ” Forex4money Securities ” Among the many Forex accounts, it has a substantial transaction volume and is very popular with beginners.
Smartphone trading tools are also high-performance and easy to use, so even beginners can start trading with confidence.
You can open an account with forex4money for free, and you can start trading in the shortest possible day. The first thing to worry about is whether Forex is profitable.
From the conclusion, the percentage of people who make money with Forex is more than 60%. However, there are many experiences on the Internet that you have reduced your funds with Free Forex Trading and that you did not make a profit, and it is undeniable that you have a strong image of losing money. To dispel this image, let’s look at the data that there is a 60% chance of profit. It’s not difficult to make money with Forex.
In the first place, if you think that the definition of making a profit with Forex is “to make a profit even for 1 Rs”, it is not so difficult. In actual trading, there are two choices, “long (buy)” and “short (sell)”, and the probability is that the winning percentage is 50%. Forex is profitable just by repeating these two.
However, on the other hand, if profit is defined as “earning more than 1 million Rs” and “multiplying assets 100 times”, it is not easy to achieve. The more money you have in Free Forex Trading, the more you can earn at one time, so if you aim to make a lot of money, the investment amount will also have a significant effect.
If it is purely more than the starting fund or profitable, 50% is not a low probability. As I explained earlier, the mechanism of making money with Forex is simple, so if you look at the percentage of people making profits, it is more than 60% of the total.
Let’s take a look at the data released by the Financial Futures Trading Association. The table below summarizes the data from the 2018 Survey on Financial Literacy of Trading Customers for Free Forex Trading. According to the transaction results of men, more than 60% of men in their 20s and 40s make a profit.
In particular, 11.6% of men in their 30s earn more than 1 million Rs, indicating that 1 in 10 men are making big profitable trades with Forex.
The result is that although the percentage of profitable people when they are in their 50s is declining, 50% of men are making money. The data for women is the opposite of that for men, with more people in their 60s and 70s making more money.
However, 54.9% of people in their 20s and 30s, who have the lowest percentage, are still making more than half. In this way, both men and women are making profits at a rate of nearly 60%.
From the statistics, it can be said that the possibility of making a profit is higher when considering whether to make a profit or lose in Forex trading.
However, how much money you make varies significantly from person to person. 60.3% of men and women are indeed making a profit, but 35.6% of them are less than 200,000 Rs.
The percentage of people who earn more than 1 million Rs is 7.5%, less than 10%. Even if you look at 500,000 Rs or more, only 14.6% of the people made a profit. In other words, the goal of “I want to earn 1 million Rs” suddenly becomes a very high hurdle immediately after starting Free Forex Trading.
However, as you can see from the data, if you want to make a profit because you only need 1 Rs, you have a 60% or higher probability of making a profit. Even if there is a temporary loss due to loss cut etc., Free Forex Trading is profitable by accumulating continuous profits.
If you continue to look at profitable trades even in small amounts, it is not impossible to reach 7.5% of those who earned 1 million Rs in the long run.