Oleg Papkov - Available about Forex trading in Russia

© Oleg Papkov, 2021

ISBN 978-5-0053-1202-0

Created with Ridero smart publishing system

In Russia, as in other countries, there is such a profession as a trader. Who is it?

A trader is a specialist armed with knowledge and skills, and trading, in accordance with the legislation of the Russian Federation, in the currency markets (Forex), stock, futures, commodity and other markets.

The goal of the trader is to profit from the inevitable change in the rate of a particular trading instrument.

We will also consider and learn how to trade in the currency trading market. The Forex market.

Many people ask the question: is it possible to earn money through the Internet? If possible, how much per month, per day? Where and how? There are many ways. One of the earnings on the Internet is currency trading on the Forex market. The forex market is the currency trading of different countries.

This activity is allowed in Russia and, moreover, it is regulated by the laws on the stock and foreign exchange markets. Many brokers are licensed by the Central bank of the Russian Federation. From the income from the Forex market with physical persons. a person is charged the usual tax on the income of an individual.

Read what the Forex market is. Unlike the stock market, where stocks are traded, investment portfolios are collected, futures and options are traded, currency is traded on the Forex market. However, recently brokers have expanded the list of instruments on which you can trade. They included trading in oil, metals (contracts for gold, silver), commodities, some indices, and cryptocurrency. Our favorite and popular ratio of the ruble to the dollar in the Forex market is called the currency pair or currency instrument USDRUB and has a chart of the exchange rate.

Chart of the USD RUB currency pair

Forex trading is earning money with an investment. That is, you will need to make a certain capital, a certain amount, which you will then dispose of. Portions of which you will then use to earn money through the Internet on the Forex market.

Just a person from the street, meaning unprepared in any way, will not be able to trade on Forex. Rather, it can, but it will be clowning and at a loss. He will be able to trade, but without knowing the basics, studying some theory, without working out some practice, a person will not be able to successfully earn money, as experienced traders earn, almost at the click of their fingers. He needs to become a trader. That is, a person little prepared. But there is nothing to be afraid of. Many people learn to drive, but millions have long been well – versed in driving.

A Forex trader is different from a stock exchange trader.

That is, we can say with confidence that Forex trading is earning money on the Internet. Moreover, using the technique, their knowledge, listening to the advice of experienced traders, observing the trading system almost like a robot, a human trader can earn a lot of money. Incomparable with any earnings on the Internet.

Forex trading via the Internet has some advantages compared to trading, for example, on the stock exchange in stocks, futures, etc., for example, on the Moscow Stock Exchange or in general on the stock markets. What are the advantages?

There are a lot of qualified foreign exchange brokers who have been working in this market for a long time. About brokers-here. Forex is exactly currency trading. And many brokerage companies offer their services in this market.

If on the stock market and, in particular, with brokers on the Moscow Stock Exchange, the so-called” entry fee” or initial investment is a fairly large amount. Then forex brokers are very democratic. Free opening of a personal account, trading and demo account with a broker. And the beginning of trading with some brokers can start literally with$ 10 + bonuses that are offered by the brokers themselves. At the top of the site there is an advertisement of the broker Alpari, telling about the action of doubling the amount on your deposit, when replenishing the account. Click on the banner and use it.

There are brokers offering Forex trading training. I, personally, was trained by the Russian forex broker Forex Club in 2006 and I do not regret it at all. This broker has a bunch of branches all over the country, almost in every major Russian city.

After training, you will learn how to trade either manually or automatically, either according to the signals. Automatically – this is trading with Expert Advisors. There are paid or free Forex Expert Advisors that trade automatically. They are also called forex robots. You can get acquainted with my work here.

Learn how to use forex indicators. Like the standard indicators that are included with a particular trading platform, there are indicators written by third-party people for the platform.

Learn, open an account and trade.

So, what is the Forex market?

The Forex market, with a turnover of 4 trillion dollars a day, is a huge ocean. And everyone wants to take their stream away from this ocean.

Forex (Forex, sometimes FX, from the English Foreign Exchange – “foreign exchange”) – the market for interbank currency exchange at free prices (the quote is formed without restrictions or fixed values). The combination “forex market” (English: Forex market, FX-market) is often used.

In the English-speaking environment, the word “Forex” can mean not only mutual currency exchange, but also the whole set of currency transactions, as well as foreign currencies as such. In Russian, the term Forex is usually used in a narrower sense-it means exclusively speculative currency trading through commercial banks or dealing centers, which is conducted using leverage, that is, margin currency trading. At the same time, the terms “international forex ‘and’ international forex market ‘are a tautology, due to the fact that’ foreign exchange” initially implies operations with foreign currency.

Operations on the forex market for purposes can be trading, speculative.

I.e., part of the operations on the market is carried out purely for the purpose of purchasing significant amounts of a particular currency. These are purely trading operations. And hence, in particular, significant changes in the exchange rate of a currency instrument, a currency pair.

The Forex market (foreign exchange market) is an interbank market that was formed in 1971, when international trade moved from fixed to floating exchange rates. The main principle of Forex is to exchange one currency for another. At the same time, the exchange rate of one currency relative to another is determined by the supply and demand of market participants. The exchange is made according to the ratio to which both parties to the transaction agree.

Forex is not a “market” in the traditional sense of the word. It does not have a single center, it does not have a specific trading place, such as a currency futures market or a commodity exchange. Trading takes place over the phone and through computer terminals simultaneously in hundreds of banks around the world. Thanks to the emergence and development of the Internet, it became unnecessary for a private investor to resort to the services of large banks, and it became possible to conduct trading via WWW from their home or office computer.