Is it possible to earn money through earn real money through forex market accounts without actually trading? Loss is one certain fact about forex trading and at the same time it is also the only definite thing. Each and every possible open position will be closed eventually with a loss.
But due to the fact that loss is something that will keep accompanying you throughout forex trading, you must be wondering about how to make money in forex without actually trading. Here are few ways in which you can take into account. You also have to know how a forex broker makes profits. The small fraction of trade amount but without incurring any risk will offer you a less risky gain.
While you will sing praises on volatility, you will enjoy all unexpected event which will fluctuate markets up and down. You won’t have to care about market moves which are directional but all you need to care is if the move is big enough. What would you need as a forex broker? Previously, you just needed a pencil, pen and a phone but now you’ll need robust IT system. You have to be aware of the fact that the competition among brokers is too strong and since the fees are going down, you have to earn more in order to make profits. You can become a consultant where you just give in advice and charge fees against it.
You won’t have to risk your money and isn’t that great? What you require as a consultant? The main thing in the consultancy business is reputation as without this none will hire you. It isn’t easy to earn reputation. You might be a trader who just completed his career and then your trade log will speak for you.