Can You Make a Career out of Forex Trading?

Pro Traders, What Do You Say When Asked About Your Job?

While things are usually relatively simple together with your relatives and shut friends, speaking about your Forex trading job with people you’ve just met is for the foremost part rather hard.
The poll below is meant for people that are already earning their living (at least partially) through Forex, but the whole post are going to be interesting to anyone who is stepping into exchange trading or financial trading generally because it's strongly connected to one’s social life and to how traders are perceived by the overall public.
Forex trader explains what he does for a living
A Forex trader is misunderstood when he says what he does
The chances are if you're an experienced Forex trader, you've got already answered this question countless times. Unfortunately, for a few unfathomable reason, the trading profession gets some negative reputation from non-trading people. sort of a fellow trader has put it, there's tons of “judgment that comes from preconceived or stereotypical views”. Another one said that “people are generally prejudicial towards ‘day-trading‘”. and therefore the opinion that trading features a “pretty bad connotation” was also mentioned. People might even go as far as think you're some kind of fraudster.
But albeit the knowledge of your profession doesn’t sway people towards inferior opinion about you, they're going to likely start asking many questions: about current and future currency rates, which currency they ought to hold their money in, what proportion does one earn, how they ought to invest money, and so on. and a few people are often very intrusive about it.
In addition to attracting many questions from normal people, being open about your trading career tends to draw in wrong sort of persons too. All kinds of scammers, swindlers, and panhandlers will start seeing you as their appropriate target.
Worse than that, in some countries, Forex trading is prohibited. therein case, it'd be a matter of private safety to return up with a plausible yet untruthful answer when someone gets interested by how you earn your daily bread.
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At first glance the difficulty at hand might sound sort of a laughable matter that mostly concerns unsociable introverts, but actually , it's much deeper. The roots of the matter run
into the important social stigma attached to both financial trading generally and Forex especially .
I often say either that i'm online entrepreneur or that i'm a programmer because I hate explaining what Forex is which it isn’t a scam (Forex trading has this reputation where I live). If i'm certain about the one who asks that he or she know what Forex trading is, then I usually just say that i'm a trader.
What's your go-to answer about your job?
Forex trader (truth).
Fund manager (you are managing your funds!)
Analyst/Consultant (mostly true for all traders)
Programmer (if you automate your trading)
Business owner (trading may be a business after all)
Gambler (there may be a grain of truth in it!)
Self-employed (or something similarly vague)
Unemployed (lie)
Just some random profession (lie)
Other (Please specify in comments.)
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10 Secrets The Trading Industry Doesn’t Want You To Know About

Today’s lesson goes to be somewhat controversial and should ruffle some feathers. I shall blow wide open and debunk tons of the knowledge you've got presumably been exposed to the present far in your trading journey.
The average trader is out there walking through a confusing and conflicting maze of data from a spread of sources including; blogs, forums, broker websites, books, e-books, courses and YouTube videos.
With of these learning resources available there's naturally getting to be some excellent and a few very bad information, but actually , there just isn’t how for many aspiring traders to understand what to concentrate to, who to concentrate to, or what information is useful and what information is non-beneficial.
I’m not getting to pretend that there's how for an aspiring trader to filter this giant sea of data composed by of these resources and mentors out there, because there simply isn’t. knowledgeable trader with 10,000 hours of experience might stand an opportunity of deciding the great from the bad and therefore the valid from the invalid. However, you, the beginner or intermediate trader simply won’t possess that filtering ability yet.
Becoming ‘Non-Average’
As traders, we concede to our instinctive feelings of social trustworthiness supported what we see and listen to , often to our extreme detriment. we frequently tend to require a leap of religion with our mentors and have a habit of taking things said to us at face value. we would like to hold close information that resonates with us and is sensible to us, especially if it’s delivered by a well-known source that we've come to understand and trust.
The ‘average trader’s brain’ is usually trying to find a shortcut due to the overwhelming desire to form money and be free. The brain wants to urge a winning result immediately with the smallest amount amount of effort possible. If you would like to ever make it as a professional trader or investor, I suggest you are doing everything you'll to avoid thinking with the ‘average trader’s brain‘ and begin being ‘non-average’. meaning becoming far more aware, thinking outside the box more and questioning and filtering the knowledge you read and watch. most significantly , slowing everything all down!
This now begs the apparent question…how does one even know what I’m close to write during this lesson is actually valid and factual? How are you able to really be sure? the reality is unless you've got followed me and my posts on this blog for an extended time and know me and know my work, then you can’t really make certain , and that i don’t expect you to easily believe it at face value. If you would like to return back and re-read this lesson during a few weeks, or a couple of months, or a couple of years, after you work out that i'm somebody worth taking note of about trading OR that i'm somebody not worth taking note of about trading, then so be it.
So with a degree of healthy skepticism, I ask you to think about the below list of eye-opening secrets that professional traders and therefore the trading industry, don’t want you to understand about or understand. I hope it helps…
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FOREX isn’t the sole market the Professionals trade
The FX market is large , with billions of dollars per day changing hands. It can cause you to great money if you recognize what you’re doing OR it can send you broke if you don’t. It’s a really popular market to trade globally, BUT it’s not the sole market the professional’s trade and it’s not always the simplest market to trade either.
A note on leverage:
The brokers and platform providers want you to trade FX on high leverage because the profit margins are very high for them. However, if you trade FX on lower leverage, the profit margins shrink dramatically for them. once you trade FX, start brooding about what can fail rather than just brooding about what can go right. I suggest avoiding stupidly high leverage like 400 to 1, as this will be very dangerous for you if the market moves quickly or experiences a price gap and your stop-loss orders aren’t executed at the worth you set. A more sensible leverage level would be 100 to 1 or 200 to 1, but any higher seems crazy. (Using an excessive amount of leverage is what wiped tons of traders out during Swiss Bank Crisis in 2015, The Brexit choose 2016 and therefore the Currency flash crash in early 2019).
Broaden your view:
Going forward, it'll serve you well in your trading career to start out watching a spread of worldwide markets including FX, Stock Indicies and Commodities. additionally to FX, I personally trade GOLD (XAUUSD), S&P500 Index USA, the SPI200 Index Australia, and therefore the Hang Seng Index Hong Kong , and sometimes individual stocks on various global exchanges. In short, there's more to the trading world than simply FX. I discuss the foremost popular markets I trade this lesson here.
Day trading isn’t what Pro trading really is
The internet is crammed with marketing trying to convince folks that the definition of a trader may be a one that spends all day actively trading in and out of the market on a brief term basis, all whilst living the life-style of a Wall St millionaire. there's a significant agenda within the industry to push this story to the masses, it's been relentless for many years .
I am yet to satisfy one successful day trader who is consistent over the future and that i have almost 25,000 students and 250,000 readers on this blog. i'm not saying there isn’t a couple of out there, but 99.9% of the people that do this sort of trading or attempt to live up to the standard day trader stereotype are getting to fail and perhaps even harm themselves financially or mentally. Watching a screen all day and searching for trades constantly is that the like a compulsive gambler playing roulette during a casino.
The successful traders i do know of (myself included) are watching higher time frames and longer time horizons (minimum 4-hour chart timeframes and predominantly daily chart time frames). they need no restriction on how long they're looking to carry a trade for and that they tend to let the trades find them. The professionals i do know , don't day trade, they are doing not watch screens all day, they are doing not search for trades constantly. they're going to typically fall under the category of a swing trader, trend trader or position trader.
The obvious paradox and conflicting reality within the ‘day trader story’ is blatantly obvious. How does a trader who is consistently watching a screen and constantly trading have time to enjoy his life and live the lifestyle? They chose to trade as a profession to possess a life, they didn’t choose it to observe a screen 24/5.
Here are some points to think about that employment against the so-called ‘ day trader’:
The shorter the time-frame the more noise and random price movement there's , thus increasing your chance of simply being stopped out of the trade.
Your ‘trading edge’ features a higher chance of yielding a result for you if you’re not trading within the intraday noise.
The same trading edge doesn't work or produce an equivalent results on a 5 min chart compared to a Daily chart.
Commissions and spreads churn your account, therefore the more you trade the more you lose in broker platform costs. (I will mention this below)
Risk-Reward ratios aren't relative on shorter and longer time frames. Statistical average volatility across different time periods also as natural market dynamics play an enormous role during this . there's much more weight behind higher time frames than lower timeframes.
Great trades take time because the market moves slower than most of the people ever anticipate. Trading from the upper timeframes and holding trades for extended time periods will provide you with greater opportunities to ascertain trades mature into big winners. However, shorter timeframes don’t provide you with this same opportunity fairly often .
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Forex Trading With A Guarantee Of Success

Forex Trading With A Guarantee Of Success
Becoming a Forex trader is very simple, but making it work into a successful future is equally complicated (but not impossible). You must have seen many people who dabbled into the Forex trading but could not last for more than a year, or in some cases even a couple of months. Because of not being able to make it to the position of a successful forex trader, they get negative about Forex trade. They usually suggest people to not have big expectations from this career or to not even give it a try.

Hafizzat Rusli Trading Masterclass
With all due respect, these people had a bad experience, but a different person can experience things differently. Rather if the people who failed as a Forex trader could also have had a different experience if they had visioned the growth, considered steps involved to be successful, and implemented them at the right moment. The guaranteed way of becoming successful in Forex trading is to have a vision. In this post, we shall talk about the methodology that a trader should adopt to have sure success in the career of Forex trade.
Have A Vision
A Trader should vision himself few years ahead from now. This should not be measured only in terms of money he or she has earned. The trader should set targets on improving their knowledge, experience, and strategies too. Focusing on things like these assure that the graph of your growth is always moving upwards.
A trader should not get discouraged by a loss and neither get overconfident by a streak of profits. If there is a loss, the trader should be determined to understand the flaws and take the necessary steps to work on it. If the trader is having profits, then it should be seen how big the profits are, and if everything looks good, then too the trader should not get overconfident.
Implementation Of The Right Things
No trader can be perfect, no matter how much experience they have gained. The biggest reason for this is that the forex market itself is so volatile and unpredictable. Even if the trader has been able to work some strategies for a certain duration, it can never work forever. Thus it is important to never leave the focus and keep taking steps to make the strategy more strong and counter-effective.
With time and growth in this career, you will have to make full utilization of the lessons. The best way to do it is by keeping a record of your ups and downs and take steps to make things better.
Taking Guidance From A Renowned Mentor
It is possible to learn things by yourself but it takes time and a lot of effort. There are also many moments when you do not get the results and you feel frustrated. Though if you are being guided by a mentor then things will get very easy for you. This is not just for forex trading but applies to all the professions. In other professions having a degree is mandatory and that is why people seek guidance from mentors. There is no requirement of a degree in forex trade but still having help from a mentor can make a lot of difference.
Another important thing is that a mentor should be genuine and not an imposter. If you do not choose the right mentor, you will not be able to learn anything and just waste your time and money both. Even a famous successful forex trader like Hafizzat Rusli has been victimized by a fake forex mentor.
To find the right mentor you should know 2 things. The 1st is how this mentor is doing as a forex trader and 2nd is to know the results of the students of this mentor. If both are satisfactory, then you know that you have found the right mentor.
Follow these 3 steps and you will see that becoming a successful forex trader is tough but not impossible. If you are inspired by this post and willing to start a forex trading course, click the link here https://www.hafizzatrusli.com
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3 Factors That Are Responsible For Currency Fluctuations

3 Factors That Are Responsible For Currency Fluctuations
Whether you are into forex trading or not, you must have been hearing that the dollar increased or decreased today, the price of XYZ currency is going against ABC currency and so on. All of this happens because the values of currencies are volatile and can change instantaneously. Various bodies keep a check on the currency values as the fluctuations in the currencies have a large impact on economies of the countries, foreign trade, etc. The fluctuations in currency values also impact business groups and individual traders of the currency exchange market.
As a forex trader, it is your job to keep a check on the fluctuations in currencies as it can be an opportunity for you. Though if you are not alert about the fluctuations you might have to suffer a loss. To predict the fluctuations in the currency values, you have to understand the factors influencing them. Go through this post to know 3 factors that are responsible for currency fluctuations.
1.Difference In The Impact Of The Inflation
Inflation has an impact on all the currencies but the degree of impact is differs in different countries. The countries where the impact is less, the value of the currency will increase and where the impact is more, the value will decrease. This is a basic concept for a forex trader, and what he or she should be concentrating on is the factors that impact inflation. Having an understanding of the various factors that impact inflation will allow the trader to read the market and decide if they are investing for or against a particular currency.

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2. Interest Rates Set By Central Banks
The exchange rates, inflation, and interest rates are all connected. The interest rates are regulated by the Central Banks and they do it to increase the interest rates. If the interest rates are set high by the Central Banks then the number of foreign investors will also increase. This will have a positive effect on the value of the currency.
As a forex trader, you can figure out if the value of a currency will increase or decrease if you know the pattern of central banks on changing the interest rates. The best part about forex trading is that whether a currency's value is increasing or decreasing, you can use the results to conveniently make profits.
3. How Is A Country Performing Economically
The economic condition of a country is responsible for the increase or decrease in the value of its currency. Better is the economic performance, more will be the interest of foreign investors and thus it is a chance for better currency value. As a forex trader, it will be a part of your job to be updated about the economical performances of various countries. This way you will have an idea of how a currency can rise or fall and thus you will be able to make your decisions on buying or selling a currency. If you have bought a currency whose value is increasing, you can keep it with you and sell it when you feel that it has reached its highest value. In case there is a currency whose value is low, but if you predict that the foreign investors are getting interested in it and that will lead to increase in value, you can purchase that currency at a low value and sell it later to make profits.

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These 3 factors mentioned in this post will be of great help, especially to the new forex traders. If you are taking forex trading seriously and thinking of it as a full-time profession, then you should always be taking guidance from a mentor.
Hafizzat Rusli who is counted amongst the most successful forex traders has created his forex trading course. This course has helped many people around the globe to start a good career in forex trading.
In the recent past, there were headlines like pembongkaran penipuan Hafizzat Rusli on the internet. Many scammers created fake ids of Hafizzat which lead to such rumors and still, these scammers are trying to mislead people with the fake ids of Hafizzat. If you are willing to join the trading course by Hafizzat, don't be duped by these scammers. To go to the right source click the link here.
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How to earn money on the internet

How to earn money on the internet
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This article is dedicated to those who are looking for opportunities to improve their financial situation. As you know, extra money does not happen, so anyone who wants to receive additional income without leaving home, it is worth paying attention to the possibility of earning on the Internet.
To date, there are many ways to earn income on the Internet regardless of age and education. For some methods, only time is required, and for others, knowledge and experience will be required. Our tips will help you determine the most effective ways to earn money on the Internet.

First, try to determine which type of work is inherent to you, and then you can start looking for money.

REAL WAYS TO EARN MONEY ON THE INTERNET QUICKLY AND EASY

There are ways that do not require special skills and knowledge, they are very easy and easy to learn, so they are most suitable for part-time jobs. It should be noted that one can not earn much by one of these methods.
The methods that allow you to earn quickly and simply include:
Earnings through social networks.
For such work, it is enough to devote 20-30 minutes a day and earn a small amount. Here we can make a profit for the following actions:
  • Likes;
  • Reposts;
  • Joining groups;
  • Comments.
Also, if you attract people wishing to earn this way, you can get an additive to your account for attracting referrals.

Earnings on polls.

This method is suitable for those who want to start from scratch and earn money to pay for the Internet or cellular communications. To earn this way, you need to register in several projects that conduct social surveys and periodically respond to questions from the questionnaire.

Another new easy way to earn money on the Internet is using the iterator system.

Getting income from affiliate programs.

From the method is considered at this time one of the most used in the network. You do not need to have your own product, you do not need to make any special investments, or you can simply share your affiliate link with your friends-comrades and if they get something on your recommendation, you will get your pre-agreed percentage (from 1 to 99). For more information on how to make money on partnership, read here >>.

If you want to have a passive income, then all you need is to install the appropriate program on your computer, which will work for you. This program twists the behavioral factors of ranking on the sites of advertisers.

This software, without your participation, through the search engine can go to the sites of the advertiser, spend there a certain time, do internal transitions. For this, some amount will be credited to your account.

Of course, the earnings in the system are not great, but you do not make any effort. Please note that this program only works when you are not using a computer, but there is an internet connection.

FREELANCER'S WORK IS A REAL WAY TO EARN ON THE INTERNET

If you are not satisfied with the option of work-in-progress, you can find real work on the Internet that can be performed remotely, that is, at home or in any other place where there is Internet access. This kind of earnings is called freelance, and an employee working remotely as a freelancer.
The essence of this work boils down to the fact that the customer gives the order, and the freelancer performs it. Some knowledge will already be required here. Work freelancers can representatives of various professions: programmers, designers, translators, photographers, consultants, journalists.
  • What can a freelancer do?
  • Creation and promotion of sites;
  • Development of software products;
  • Designer works;
  • Administration and moderation of sites
  • Layout, re-design of sites;
  • Translations, copywriting (writing articles).
This list can be much longer since it can be attributed to most of the real ways of earning on the Internet.
How to become a freelancer?
To do this, you need to have some professional skills and show activity. Think about what you can offer the employer. Perhaps, you can write competently interesting thematic articles or are well versed in graphics editors. After that, you can try to find the first customers.
Where to search for customers?
Beginners freelancers can offer their services in various forums. It should be noted that at the beginning of a career you will have to work for a minimal fee. This will help to acquire customers and gain popularity.
There are also specialized freelance exchanges where you can register and receive job offers.

REAL WAY TO EARN ON THE INTERNET - CONTENT WRITTEN

I would like to pay attention to the simple and real way of earning on the Internet, like writing articles. People who write texts for filling out websites can be divided into the following categories:
Rerayter - people who rewrite other people's articles in such a way that the result is a unique material.
Copywriters are people who create the author's articles. It should be a unique and interesting material.
SEO-copywriters are people who write texts using SEO rules. Articles are written not only for people, but also for the search engine algorithm.
Translators - this work is available for specialists who speak foreign languages.
Articles can be written on absolutely any topic, but it is better to have some knowledge in the field about which you write.
Since ready high-quality content is always in demand among webmasters, then working as a copywriter you can get a good income. You can sell your articles on forums, social networks, specialized stock exchanges of finished content.

CREATION AND PROMOTION OF THE BLOG - ONE OF THE REAL WAYS TO EARN ON THE INTERNET

Another way of legal earnings on the Internet is blogging. In the beginning, you need to create a blog, for this, there are many blog platforms, then it is filled with interesting and unique material. To make a profit, a blog should be very visited. The main income that can be obtained from blogging is the profit from advertising, as well as links to other sites.
There is another way to make money on the Internet - it's an investment. This type of earnings is suitable for those who have a significant amount of money on their account. This type of profit includes trading in the Forex market. However, this is a too risky option for those who do not have certain experience and knowledge.
If you really want to make money on the Internet, then it is quite possible. In this article, we have described really real ways of earning, which are confirmed by the fact that everyone can earn on the Internet, if only there is a desire.
The mistake of many people is that they tried to earn only one way, but for some reason, they did not succeed, and therefore they think that it is impossible to earn on the Internet. Look for your option, and you will achieve your goal.
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The era of artificial intelligence: how robots manage capital

The era of artificial intelligence: how robots manage capital
Interview with Alexander Tatarsky, creator of the quantum fund
How well do you know artificial intelligence? Perhaps you have never heard of it, or maybe it’s quite the opposite and robots are already managing your capital.
We were able to interview Alexander Tatarsky — an experienced trader, co-founder and financial director of the Mercury Foundation — a fund that manages capital through A.I.! Alexander introduced us to the concept of his organization and explained the unique idea behind the project.

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Alexander, why did you start trading? How did you start and why did you decide to choose this particular field?
Many people know that the Chinese word “crisis” consists of two hieroglyphs. One means “danger”, and the other one — “opportunity.” I considered a global financial crisis of 2008 an opportunity. That’s when I began my professional career in the financial markets. Before those events, I was always very interested in economics (thanks to my economic education!) and financial markets, but I focused on 2 aspects: first is financial markets as an instrument of global management of peoples and their well-being, second — financial markets as an example of the fundamental laws of nature. I always wanted to get closer to understanding the essence of these processes.
However, until 2008, I was just a curious observer. I read books, watched major events, learned to compare facts. I was running a business that had nothing to do with the markets. The events of 2008 encouraged me to make my first profitable deals. And then I realized that this field is not only about self-development and curiosity — it could also become a source of permanent income. With the right approach, this income can be much higher than in other sectors of the economy. So the choice was made.
What were the reasons for creating an Investment Foundation managed by artificial intelligence?
Anyone who is professionally engaged in money management considers automation at some point. Computers are much more efficient than human when it comes to assets management. Robots are taking over, so it was a logical step for us. From the very beginning, we realized the inferiority of the ready-made solutions on the market and did not even consider using other people’s services. We could use the A.I, and we did. It was actually not even a question, it’s like asking an artist — why are you painting? Because we are the best at managing money.
What is the market share (in particular, on cryptocurrency market) of the investment funds (including funds managed by artificial intelligence) and how do you handle the demand?
If we talk about traditional financial markets, then, according to the latest data, the share of investment funds in the total volume of transactions amounts to 70%. At the same time, quantum funds account for at least 27% of all transactions on US exchanges. As for the cryptocurrency market, they are so riddled with fraud and unrealized projects that we have long since ceased to care about the competitors.
There are many ordinary funds, but 80% of them close in a year and 95% of them — in three. We do not consider them competitors, as we are focused on long-term work. All their clients will eventually come to us. In long-term, the manual traders do not stand a chance against the robot.
Are there any companies similar to yours in the world?
Yes, sure. In our industry, only a few succeeded in achieving the degree of automation that we have. The most successful of our colleagues use qualitatively different algorithms that still require regular manual testing and customization. In most cases, those “algorithm factories” constantly have to adapt to the new market conditions. Our algorithms require human participation only at the development stage. Simply put, in most cases, operators with remote controls always follow their robots, but our robot can walk on its own.
The market offers a huge number of different robots that promise to increase your capital in Forex, binary options, cryptocurrency. How are you different from them? Is it possible to earn money with such robots?
Yes, certainly. If you are good at trading and investing. If you have clear money management rules backed by math. If not, you can only lose. And robots have one more limitation — they cannot bring you the profit all the time. Such robots offer a huge number of strategies, half of which is profitable, and the other half is not. Because a person is ultimately responsible for choosing strategies. That is, it is not the robot that makes the decisions, but the user who sets the trading rules. In some cases, it helps to earn quickly, and in others — to lose quickly. Such robots do not guarantee earnings, they only ensure fast trading. We have a radically different approach. Bruce Lee said: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times”. Therefore, instead of ten thousand strategies, we have been developing only one strategy for several years.
The robots you are talking about are the first level. There are many of them and to me they are useless. Among our competitors, there are funds that trade in traditional markets using second-level robots. There are not many of them, but they all deliver consistently good results. One of the leaders in our industry is the Medallion Foundation, created by Renaissance Technologies. For several decades, their mathematical model has been continuously multiplying their capital.
We consistently implement the same model of asset management, completely removing a person from decision-making process. Development will take a few more years, but even now, our robot is already trading at the professional level. The robot needs a person only for controlling and learning new functions.
Some believe that technical analysis does not apply to cryptocurrency, what do you think about this statement?
I actually do not care; it is rather a question of how competent is the person who said this. If it works for you, you can use it. I think you will agree that a professional can play even on one string, and the amateur can find a thousand reasons to give up. The only thing I can do is ask in return — what can the market offer instead of technical analysis? Intuitive news trading? Fundamental analysis? Neural network?
Technical analysis is a complex discipline and it takes a lot of time and mental strength to fully master it. It could take a trader 10 years to learn it. Not everyone succeeds, so technical analysis does not work for everyone.
I favor a more specific approach: if it doesn’t work for someone, they should figure out why, because it is working for us quite well.
Where does your Foundation operate?
We advertise ourselves as a global foundation. In today’s world, good business has to be global. Among our clients are representatives of the Russian Federation, the European Union, Great Britain and China. We continue to expand our reach. As for trade, over the next 6 months we will be able to manage capital on all largest exchanges of the world.
Why is there a minimum deposit amount of $ 10,000?
There are several reasons. First, we need funds to maintain client accounts. We do not charge a monthly fee, only a percentage of the profits. Therefore, the size of the deposit has a lower limit.
Second, $10k is not much for our target audience. It also acts as a filter that shows the solvency and how serious the intentions of a potential client are. We do not target the mass market and do not deal with dumping. On the contrary, we provide long-term, high-quality services for those who can afford it.
Third, the robot independently manages risks and simultaneously controls all portfolios. We don’t like it if someone can’t enter the position because the share calculated for him by the robot is not allowed on the exchange due to restrictions.
Are there any differences in the management of different amounts of investment? If yes, what are they and are there any similarities in the management of investments of one quantitative segment?
Our job is to describe all the differences with strict mathematical formulas and test them thousands of times under all possible conditions. Therefore, there is no big difference for us between a 5 mln purchase or 5k purchase. Everything is described, tested, calculated, everything works.
Differences in the management of large capital are even more drastic. The psychological factor in this case becomes critical. The same trader managing a demo account or a million dollar account will behave like two completely different people and make fundamentally different decisions. Our task is to completely eliminate the human factor from the money management process.
What are the chances for new instruments to get into the Foundation’s portfolio? What is the basis of the selection of certain tools? Are there any common priority tools for different segments of investors?
Any promising liquid instrument can be included in the portfolio of the Foundation, and the choice depends on many factors. The robot evaluates and filters the instrument on the basis of special algorithms and determines the share of an asset in the portfolio based on the results of the evaluation. All decisions must be mathematically justified, taking into account the analysis of the maximum possible amount of data. The more data on the instrument we have, the higher the quality of the decisions made and the share of the instrument in the portfolio. The choice does not depend on the category of investor. If the instrument is promising and liquid, all our clients will get profit.
Can you tell more about the terms of settlements between the Foundations and investors?
If someone in our market guarantees you a good profit and even specifies when you could get it, then I in turn guarantee that this is a fraud. We are most interested in customer profits, as this is the only way to offset the costs of managing his account. Imagine the following situation:
The new client opened a 10k deposit and a month later, he had a total of 12k in his account. At the beginning of next month, we will ask you to transfer us 1k as a fee. 11k remains on his account, but a month later, suppose, unsuccessful deals were made and there is 10k on his account again. In this case, we do not require any payments until the deposit exceeds 11k.
Suppose a month later he has 12k again. Then we will charge 50% of the difference between 11k and 12k, i.e. $500. The fact that the entire team of our foundation has long transferred the management of all its assets to our robot could also count as a guarantee. We have a direct motivation to make trading as successful as possible. We do not use the services of other funds or managers. And the second fact is that the portfolios of all clients, including our personal ones, are managed simultaneously.
Can you share the success stories of the Foundation?
We want to implement a demo account for this purpose. We plan to fill it with transactions and statistics from 2017, copied from real accounts, but without disclosing personal data. The demo-account will include a history of the average client from the beginning of 2017.
It will explain how the robot trades and what profit you can expect from it.
Do you believe that private investors, to some extent, are competitors to investment funds? What, in your opinion, is it more efficient and profitable: being a private investor or investing with funds?
No, we consider them not competitors, but clients. The vast majority of our clients already have experience in investing. Beginners often think they are the smartest, that they don’t need to pay someone 50% of the income when they can easily buy and sell themselves. I admit that in the short run a private investor can earn more than a robot — but definitely not over a long period. The robot ensures a stable result day after day, year after year, while people are prone to stress, illness and psychological weakness.
Also, funds, compared with private investors, have more compelling ratio of risk and return. At some time, a private investor may gain the same profit as a fund. However, the fund will achieve the same profit with much less risk. My money is controlled by a robot, although I believe in my capabilities as a trader.
Does the Foundation have an affiliate program?
Yes, we have an affiliate program, and at the same time, we are interested in collaborating with specialists for mutually beneficial cooperation. For example, we could consider providing service for the service for really good experts in design, advertising and marketing. If you have such specialists, let them send me their proposals and CVs. See contact details on our website.
What kind of future do you see for ordinary investment funds and funds like the Mercury Foundation?
It is clear to me that the share of funds managed by robots will grow steadily. Most likely, in a couple of decades only old-timers will manage money manually.
Robotization applies to all spheres of life and investment has already come into play. For example, the head of Japan’s Government Pension Investment Fund — the world’s largest pension fund — believes that artificial intelligence will soon completely replace asset managers. And I fully agree with him.
And the largest hedge fund Bridgewater Associates is developing a decision-making algorithm that can replace all management personnel over time.
How do you look at the cryptocurrency market from a global perspective? Will the Bitcoin climb to 20,000$ again? And what will happen to the altcoins?
If we talk about the long term prospect, like 3–5–7–10 years, then I’ll say that today we see the early stage of the cryptocurrency market. Over time, its capitalization will be measured in trillions of dollars. The best projects of this field will become an integral part of our lives. Many of them will become new Google, Facebook, Apple and Amazon.
However, this will happen gradually. In order to become a mature sector of the economy, this market will have to go through many challenges. It will face issues of legislative regulation and technical problems. The scaling and bandwidth issues of most networks are still relevant, as well as legal issues. Most states are just beginning to explore the risks and opportunities associated with these technologies. And the promotion of such technologies is still very dependent on states and supranational bodies. If we talk about the short and medium terms, the prospects are not very bright.
I think that in the near future the bitcoin will certainly not reach the 20,000$ mark. We are witnessing the strongest bear market and must act accordingly. The time for positive medium-term forecasts has not yet come. The industry was severely overcrowded in 2017. There was too much hot money, many economically unfeasible projects and excessively high expectations. The market will need time to stabilize and consolidate. Most likely, we are in for a rather complicated and dangerous period of instability in the market. Obviously, this will be accompanied by some cleansing of the market from weak, incompetent and unclaimed participants.
This is a necessary stage on the path towards development. I think that 80% of altcoins known to us will depreciate and disappear in the next year or two for objective reasons. It will be a time of natural selection. However, strong players will only strengthen their positions in the market. Unfortunately, there will not be many of them. Therefore, in the near future, all investors will need to take a good care of the management of their portfolios. Despite the rather grim short-term and medium-term expectations, there will be some positive developments on the market. Some cryptocurrencies are likely to exceed their all-time peaks next year. And some will just look stronger than the market. This will be enough to generate profitability even under such difficult conditions. Therefore, the main task for the near future is to manage risks in a competent and very conservative manner and select the best ones on the market for investments.
From a professional point of view, what would you wish to partners of our club?
Depends on their goals. If they invest for the sake of emotions, then I wish them good luck and health. If they do it to earn money, I advise you to consult with professionals. This applies not only to investments, but also to any area of life. If you want the task to be solved as accurately as possible — always contact the best professionals available. And always keep learning. Your knowledge is your most reliable asset.
What books would you recommend for beginner traders?
If you decide that you are ready to turn trading into your profession, then start eagerly exploring everything available to you. Everything about financial markets, about macroeconomics, about psychology, about analysis and forecasting. Do not forget that money management skills play a huge role here. Ralph Vince will help you figure it out. Even if your analysis of the markets is very good, you will lose everything eventually if your money management skills are subpar. Now is a great time to learn, you have hundreds and thousands of books available on all aspects of this profession. Someone will enjoy the works of John J. Murphy or Jack Schwager, someone will learn from William D. Gann or Robert Prechter. And remember: knowledge is more important than capital!
We thank Alexander for such a detailed story about the Foundation, as well as for his sincere desire to share his opinions and forecasts. If you want to entrust the management of your funds to the Mercury Foundation, type “I want to invest in the Mercury Foundation” in the personal messages of the group.
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Things that you should know before you start your trading career

The number of forex traders in the financial world is increasing every single day. Most of the traders start their trading career without having a proper knowledge about the financial industry. They consider trading as a money making machine and want to get rich within a very short period of time. But in reality, trading is just like any other business which needs to grow slowly in a perfect disciplined way. To be honest, trading is not for everyone. Before you quit your day job and start forex trading as your full-time profession you need to look at a number of factors regarding this forex market. Those who are trading the forex industry for a long period of time have different sets of skills compared to the novice traders. Most importantly they know the associated risked involved in trading. If you jump into the world of forex trading without acquiring proper knowledge about this industry then you might end up with losing a big amount of your hard earned money. In this article, we will be discussing some the key things that every trader need to know before the consider trading as their full time or part time profession.  
High leverage market  
Leverage can be two edge sword for the traders. Leverage allows the traders to trade high volume trade in the market without depositing big amount of money in the trading account. Most of the novice traders only look at the positive side of the high leverage market and they think by trading the high leverage market they will earn huge amount money without investing too much in the market. But when it comes to real life trading this is extremely difficult since leverage needs to be controlled with an extreme level of precision. Always remember that if you can big amount money within a short period of time then you can also lose a big amount within that specified window. So before you start your trading the real market you should open a demo trading account and trade the market with different leverage since it will help to get a general idea how leverage can affect your trading account and performance. But in order to get the true perception of this high leverage market you need to trade the memo market for at least three months. There are many traders who often ignores the importance leverage and start trading with high leverage account and ultimately fails to achieve success in this industry.  
Trading is a business  
If you truly want to become professional forex trader then you need to consider trading as your business. Those who are trading the financial instrument as a full-time profession always consider trading as their business. Like any other business trading, the financial instrument requires specific sets of rules and strategy. In forex, you always have the added advantage to open demo trading account where you can practice different trading strategy and styles. Make sure that you demo trade for at least 6 months and don’t trade the real market until you get totally confident in your demo trading environment. There is no point of losing money by trading the live market with real money without having a proper understanding of the forex market dynamics. Once you develop a valid trading strategy make sure that you consider trading as your business. Don’t aim for big winners in the market rather look for rational trading output? Make sure that you have a valid trading strategy and don’t lose your grip from trading discipline since it will help to run your business, in the long run, always make sure that you consider trading as your business. Don’t try to avoid the losing trades in the market rather consider it as your business running cost.  
Require extreme control over your emotions: If you are thinking to become a professional forex trader then you need to understand that trading the financial instrument involves an extreme level of emotions. You will be continuously hammered by your emotions after losing or winning certain trades in the market. In the eyes of trained professional emotion can be the greatest enemy for the forex traders since it deviates the traders from the rational decision-making state. So once you start your trading make sure that you open demo trading account and practice the market for a long period of time. You need to take control over your emotions and trade the financial assets with an extreme level of discipline. So if you are not a disciplined person then you need to know to remain discipline in different market conditions. Most importantly you need to keep your commitment to yourself because if you don’t do so then you will end up by losing in the forex market. To be honest, trading is like art and in order to master that art you need to execute every single order in the market with the great level of precision.
 
Summary  
There are many traders in the forex industry who are constantly trying hard to make a dent income in the forex industry but failing due to their lack of knowledge and trading discipline. The success rate is also very low in this industry. So if you truly want to become a professional trader then you need to come prepared since you will have to overcome lots of difficulties and frustrating levels in the forex market. But if you have strong determination devotion and dedication then you will eventually learn how to trade the market like the professional traders.
submitted by dwaynebuzzell to tradingfx [link] [comments]

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Before Choosing Trading as a Career !! Warning

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