Foreign exchange trading is a potentially lucrative way of making money. There are limitless opportunities to make a profit if you know how to spot them. Of course, things can also go the other way if you’re not careful. It is simple in principle but complex in reality. There are a lot of factor to consider and even the best predictions may prove to be wrong. The uncertainty makes it a difficult arena to succeed in but many have overcome the obstacles on their way to 6 or 7-figure incomes. After trading for a while, you may want to work your way towards becoming a broker with an offshore forex license.

Earn on Every Trade

Being a trader is hard as you need to have excellent prediction powers to earn money. This is especially true if you are using leverage since your loses will be magnified as much as your wins. If you make a bad decision, then the consequences can be catastrophic. As a broker, you will not need to worry too much how the market moves. It doesn’t matter if things go up or down. You will still earn money for every trade thanks to the spread. The rate at which you buy currency is lower than the rate at which you sell. Other fees might also apply.

High Volumes

Forex trading is good for all players in terms of liquidity. If you want to cash out, it is easy to find someone who is willing to buy the currency that you are holding. The trading volumes are usually high all year. After all, people need to use money to purchase goods and services. It will always be needed no matter how much it is selling for. As a broker, you can cash in on the high volume by getting lots of profits in all the trades made.

Fewer Requirements

Offshore Forex licenses are regulated in every jurisdiction. However, some countries have tighter regulations than others. You cannot become a broker without going through the eye of the needle in the US and Europe. They are highly concerned with protecting people’s investments so they require a large amount of cash for applicants. In smaller countries, you will need only a fraction of this. Other requirements are also relaxed such that you can begin operations sooner rather than later. You just have to be certain that you have a good operation and that you can follow the relevant laws.