Forex trading is a highly controversial topic. On many websites and numerous video platforms different trading systems are presented – all have the same goal: the user should generate a high profit within shortest time. The principle is quite clear. One logs in as a user with some contact data and within a short period of time has access to the entire trading platform, on which various transactions can then be carried out. Each provider has different product variations. In the case of free use, there is usually no professional help and no personal advice available. If access to special helpers is desired to make trading more successful, the user usually has to pay a monthly fee.

My name is Alex B. I come from Hamburg and am 28 years young. In the following I will tell you in detail about my experiences with Forex trading. I will deal both with risks and opportunities and give you advice that can help you in your own trading significantly. First of all, I would like to discuss the providers that I have used and tested myself. In total, I have used two platforms for Forex trading.

I would like to report from the provider ETX Capital. The layout of the website makes a very serious impression. Like all Forex trading platforms, ETX is also subject to the supervision of various authorities, which are committed to the security of users and monitor all trading platforms very closely. The user can apply for an account with ETC Capital. All essential customer information is entered. Admission takes place very quickly and within 24 hours. Then all functions of the platform are immediately available. In this respect, all trading options are also possible from the time of activation. ETX Capital allows all elementary trading transactions. This includes Forex trading, stock trading, commodity trading and so-called indices. With Forex trading, all currencies in the world can be traded. The user speculates, for example, on the development of currencies (exchange rate). There are many factors that influence Forex rates. For example, economic growth is responsible for changes in exchange rates. In addition, interest rates, inflation and political conditions can also influence the exchange rate. So it quickly becomes apparent that estimation and analysis is very complicated. ETX Capital can also trade stocks – probably the most well-known exchange trading. Publike stock corporations are, for example, Facebook or BMW. One click is all it takes to buy shares of the carmaker or the social media platform. The investor hopes for rising prices. The trade should not be based on hopes – after all, it is the sense and purpose to make profits. Finally, there is also the possibility to trade in simple commodities such as gold, silver or copper. This sounds very simple at first, but is more complicated than expected. Many prices are highly volatile – they fluctuate permanently and are therefore never exactly predictable. In this sense, it is important to use a sophisticated strategy that leads to the desired success. Every user can of course inform himself independently and exchange information with other Forex traders. However, the training programs of the respective platform are the best. Here one is advised by proven experts, who have beyond that expert knowledge. For example, many events are offered where users can learn how to trade. In addition, real-time messages are also transmitted to facilitate trading. In any case, it is advisable to make use of the various training and education offers. After all, the aim should be to make a profit in the long term.

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At first I started with very small amounts. My first deposit was 100 Euros – I didn’t want to take any risks and try out what was waiting for me. I was most familiar with stock trading because my house bank had invested a larger amount in a public limited company a few years ago and I achieved a return of 7 percent. So I invested my 100 euros in Deutsche Bank and Deutsche Telekom. At Deutsche Bank I already made a small profit on the first day, but at Deutsche Telekom I had to accept a loss – overall it was a zero shifter. I had made neither a profit nor a loss. So I took part in some training courses and listened to the recommendations of the consultants. I had to spread my investments very thinly to minimize the risk of loss. Already after a few weeks I had achieved an amount of 127 euros from my 100 euros – sounds very small, but is a very good return. Who would like to earn really correctly money with the Forex trade, larger amounts must invest. By the way, I did all transactions with the computer. However, it is also possible to carry out transactions with the apps provided via the mobile phone, which I did not promise. In the end it came down to the fact that I invested up to 1000 Euro.

In total, I made a profit of EUR 722 in 5 months, from which I went on holiday. You have to remember that I only spent a few minutes a week in front of the computer. The expenditure was thus extremely small. When I received my invested capital and the profit on my account, I was very happy. It’s a great feeling to have achieved such a success. After all, I could now fly on holiday almost for nothing. All deposits and withdrawals were made by direct debit, which was very convenient. I can only recommend Forex trading because of my positive experiences.

Experience report written by Alex, 28 years, from Hamburg