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The Forex market is attractive to many, but in most cases, when people just start getting to know Forex it scares them with its complexity and uncertainty. Indeed, no one gives accurate estimates and predictions regarding the earnings for a novice trader. However, everything is transparent with the risks because they are obvious. Nevertheless, due to the measures taken in many countries in response to the spread of the COVID-19 pandemic in 2022, trading and investing at Forex are experiencing unprecedented demands. In this article, we will give you clear and detailed answers to the question: How much can you earn at Forex in 2022?
How Much Do Forex Traders Make?
The nature of Forex earnings is that the income level is not fixed and earnings depend on many factors. However, don’t be discouraged by that statement because you can certainly make good money in the Forex market. Moreover, you can make really good money like the Chinese trader Chen Linkuy, who started with a deposit of $100 and, in just a few weeks, had profited $100,000.
Linkuy obviously used tremendous leverage and clearly violated the rules of money management using extremely high-risk strategies. However, this is not an isolated case, but just one of the few that has been made public. On the Internet, you can find many similar stories about how people earned $1,000, $10,000, and other significant amounts at Forex, starting from scratch. However, Linkuy’s level of income is rarely written about, for the obvious reason that high earners at any activity tend to avoid publicity, and publicity often leads to tax audits.
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