How To Participate In Forex Without Trading

[moonchild]

You don't have to be a trader to be involved in Forex Trading, there are a lot of things you can get involve with, without trading actively on the market, this article will talk about how you can participate in Forex market without trading actively.

Forex blog: you can get involved in Forex trading by writing articles about forex Trading and strategies, you can open a blog there are a lot of resources out there on how to open a blog, after you that the next thing to do is to start posting content about forex Trading and strategies you can get contents idea on Google or you can use keyword planner to plan your content.

YouTube Videos: you can also create YouTube videos on Forex Trading by teaching people how to trade and share your strategies with them, you can then earn from the subscribers you have garnered and paid ads from YouTube.

Coaching Program: you can also start teaching people how to trade by holding classes and coaching people how to trade and charge them for a fee, right now almost everyone wants to get into trading.

You can see that you can start making money with forex without being actively involved in trading the markets.

 

[eldavis]

The truth of the matter is if you don't trade or at least have some ideas about how trading works, how can you start up a trading blog or even a YouTube channel of your own? Where would you get your content from?

 

[moonchild]

@eldavis the thing is you can get your content by searching the internet and getting to understand how forex works and knowledge is everywhere now, you don't have to even trade forex to be able to teach forex Trading to others because if you say so, then what of the professors in Harvard university that teaches people business, do hey have multi million dollar businesses themselves?

But every year a lot of people take part in competitive examination just to get into these business colleges and take lectures from these professors.

You don't have to be practical in what you teach the moment you understand how something works you can teach it to others and make your money, what matters is dissemination of knowledge

 

[Hydrogenic]

Imo, the best thing you can do is become a forex content creator. Every year a lot of people start forex trading, but they are either misguided or do not have complete information. You can start with providing genuine information. But there is already too much competition in it. With some original ideas and creativity, you can still be part of trading, without being a trader.

 

[Sotherefore]

I don't really know , but I believe maybe the only way you can do that is to trade a demo account if you are not interested to commit your money into the forex market, Most especially when you don't really understand it.

Committing your money into something you don't understand may result in loss of your capital , so to be able to prevent that probably you should rather think of trading a demo account because that will give you better experience on what to expect if you are trading the life market.

Apart from using of demo account , I don't really think there is a way you can actually engage in Forex without trading and before you can be able to trade you must be able to predict the market perfectly at least to a certain percent of accuracy which must be more than 50 percent.

Predicting the market to at least 60% will not help you in any way , that is even enough to blown up your account especially if proper risk management is not applied , So to be on the saver side and to be able to trade profitably you must be able to predict to at least 80% accuracy.

 

[tetramorium]

If you are not trading forex but still want to be a part then, you can create content for forex traders. You can gather appropriate information and write about them so that people don’t misguide themselves by wrong information and fall into losses. You can either write contents, do blogging, or you can even make videos regarding forex trading. If you really fancy being a part then you’ll have to do a lot of hard work in gathering the right and clear information regarding the trade.

 

[waldgrave]

You automatically become a part of the forex market when you travel to another country by exchanging your country’s currency for another country’s currency. You also participate in forex when you send money overseas.