The Forex market participant is given the opportunity to make short-term and long-term investments. In this case, the investor will be able to make a profit, regardless of which direction the quotes are moving. However, it is necessary to have not only knowledge about the nuances of investing, but also practical skills. The Forex platform provides a unique opportunity to develop your own strategy and tactics of investing in currency with minimal investment.
How to start investing in Forex
The investor can choose one of the investment options:
- in traders who trade;
- in Pamm, Ramm and Lamm-accounts;
- using services of copying deals.
- Explore available options to make investments. It can be automatic trading or trust management.
- Choose a broker from the TOP Forex list that is able to offer the most profitable investment programs.
- Register on the broker's official website, transfer a deposit to the account, and then invest it in a program or portfolio in your broker's office.
Features of investment programs
Invest in traders, in Pamm accounts, choose trust management or trade in automatic mode, the choice is up to the investor. However, first you need to identify the main differences between the methods of investing money in Forex.
This is a popular passive investment method that has the following features:
- Technically, a Pamm account is a combination of accounts of a trader who manages trades and an investor. The trader uses in his work not only his own money, but also the investor.
- The trader has several investors, while he does not interact with the investment account. A certain amount is automatically held to participate in the auction, which the investor has invested in the trader's order.
- The managing trader is selected on the basis of brokerage statistics from the best. Therefore, receiving income from investments is a regularity. Moreover, the trader puts into the transaction, including his own money.
Copies of trades of traders
This type of transaction is also called auto trading. The operation technology of the transaction copying service is as follows:
- The investor installs a program to copy successful traders on his device or uses a broker's trading platform.
- The broker recommends professional Forex traders who are willing to share orders.
- The investor chooses the best trader and duplicates the deal in his trading terminal.
In this case, the investor transfers a certain amount of money from the deposit to the trader's account. He uses them to make deals. With successful trading, the trader sends part of the profit to the investor, and keeps part of it for himself. It can be a fixed amount or a percentage of the profit.
The main risk of fiduciary management is the misappropriation of funds by the trader, if you do not conclude a detailed agreement with him. Also, the best option is to invest in traders who officially work in a brokerage company.