Trading on Forex market / CFD is the second method for investing money on the Internet, which I describe in accordance with the announcement from this entry. Its purpose is to check whether the Forex / CFD market can generate profits at a decent level in the long run. I will only point out that I do not want to devote more than a few hours a week to market analysis (around 2 would be best). Sure there will be periods that I will not see anything interesting and worth playing. The end result at the end of the year counts. Therefore, without unnecessary talk, I go to the bottom.
All information published on the blog is the property of its owner and may not be distributed without its consent. The offers and programs presented along with descriptions are only an informative element and in no way guarantee the generation of profits that are achieved by the author. The information provided is only an expression of his personal views and does not constitute a recommendation within the meaning of the Ordinance of the Minister of Finance of October 19, 2005 on information being recommendations regarding financial instruments or their issuers (Journal of Laws from 2005 No. 206, item 1715). The author of the blog in no way bears any responsibility for damages resulting from the loss of funds by third parties. Remember that you make all decisions at your own risk.
Trading on forex market / CFD - basic assumptions
Trading in markets, I try to stick to a few key principles. I made them myself over several years and for over a year they seem to be checking in reality:
- up to three open positions at one time (one broker);
- the maximum amount for the item is 5% of the deposited capital;
- I close positions before the weekend or change SL to at least a lossless position.
All positions are accompanied by a stop loss. I recommend it to anyone who does not have time to check what is happening on the market. For me, closing the position with SL is a clear signal that the previously formed formation has not been fulfilled.
List of forex brokers I invest with
Below I present these brokers with the services I use. They have been checking for many years and if I had to recommend them, it is these two from the list below. You can read more about them in separate reviews, which I created about them some time ago. There are also comments and opinions of other traders, so all the more I encourage you to read them. On the other hand, there are two rankings below: the ranking of CFD brokers and the ranking of forex brokers. Stay tuned to them if you want to know the opinions of other brokers that the readers of the blog recommend.
Below are the website addresses that help me in deciding whether to enter a given position. I try to look at them at least once a week and draw my own conclusions. I hope you will also be useful.
Current status of the investment portfolio
The table below presents the actual status of an account with a given broker. It also serves as a simple summary of profits and losses. Individual games, thoughts and analyzes can be found in the comments under the entry. However, evidence of the games can be found on the forum: https:// www.netzysk.pl/temat-dziennik-forex-cfd.
of all transactions
profit / losses
value of ~520 USD
value of ~520 USD
0 / 0
value of ~260 USD
value of ~260 USD
0 / 0
Last update: 02 April 2019, 03:04 PM
Someone might ask: "why do not you test this method on the broker's demo account?". For a very simple reason: the demo account does not include the emotions that accompany us when turning real money. And since this entry is intended to check whether you can make money on forex, it is the most important thing to check on the 'living organism' 🙂 This is one of the purposes for which I set up this blog about what you can read in the Investments in the Internet - an introduction to investing via the Internet.
I do not exclude that the first deposits can simply be lost. However, the purpose of this entry is to check whether you can make money on the forex in the long run. Therefore, this method is going to be tested for at least a year to be able to draw any conclusions. Of course, I invite you to comment and share your thoughts 🙂
I wish you all fruitful investments!
*** This is a english version of polish original post: https://www.inwestycjewinternecie.pl/handel-na-rynku-forex-cfd/