Earn a living with Forex

People often wonder is it possible to live at the expense of profits in the market Forex. One can say that it is probably impossible if you do not understand anything in trading and managing funds. If you have experienced success in the Forex and understand how to handle money, you can not only earn a living, but also to become rich.

To understand how the Forex, take a calculator. You can buy it in almost every shop. Then you can open a deposit on a demo online Forex trading currency and join the bidding. Follow the numbers that indicate the losses and gains, find out what a "pip". Then sketch out a purely hypothetical plan.

Once you're a bit familiar with the principles of Forex, you need to know what the expectations are realistic for a given period of time. Then decide what amount you can take a chance. Some believe that 2% will be enough. This figure is based on the belief that the Forex not a high ratio of risks and benefits. We assume that this is a good number. Then suppose, how much you can lose the amount that you have available. How much you earn pip?