This is how FX beginners can earn 50,000 yen per month!!

In this day and age, many people recognize the importance of asset management.
FX is one option among them, and it is possible to increase your monthly income by 50,000 yen.
Here, let's consider how a beginner can earn 50,000 yen per month through FX.

FX investing to earn 2,000 yen per day

First, as basic knowledge, Saturdays and Sundays are when the foreign exchange market is closed, so FX investing is not possible on those days.
Conversely, around the 20th to the 22nd of each month FX investing is possible.

To earn 50,000 yen in profit per month, working backwards, you need to earn about 2,000 yen per day.
When you hear about earning 2,000 yen per day, it may seem easily achievable, right?
In reality, this is not an impossible target even for investment beginners.

To achieve this goal, the important factors are investment capital, leverage, and pips

(the unit of price movement used in FX trading).

Getting accustomed to FX investing with modest leverage

In FX investing, beginners with insufficient knowledge or experience
cannot be expected to trade in the million-yen range from the start,
as that would be too risky.
Therefore, start with an initial capital of around 300,000 yen as a rough example,
about one-third of your funds.

First, to get accustomed to FX, emphasize risk reduction,
set a low initial leverage, and accumulate trading experience
gradually.

If investment funds are not sufficient, adopting high leverage such as 25x
is not recommended.
In that case, due to unexpected market moves, losses can swell rapidly
and the risk of a forced liquidation (loss-cut) increases, so caution is required.

Also, pips are a unit of price movement shared between currency pairs, different from each other.
Therefore, the value represented by 1 pip differs by currency.
For USD/JPY, which is familiar to Japanese traders,
1 pip corresponds to 0.01 yen (one sen).

However, note that the price indicated by pips can also differ depending on the FX company.

If 1 USD = 100 JPY, with 10x leverage you can trade 30,000 currency units with 300,000 yen of funds.

In this scenario, when the market moves by 1 pip, the profit or loss would be 300 yen
(30,000 units × 0.01 yen).

Therefore, to earn 50,000 yen in profit per month,
you need to earn about 167 pips per month.
That translates to about 8 pips per day.

In USD/JPY trading, you should set this level as a baseline and
avoid trading casually; when there is a realistic expectation of profit, aim for 8 pips of profit as a target.
Therefore, it is best to aim for 8 pips only when you feel a high likelihood of profit.

In other words, trade cautiously and only aim for 8 pips when you feel the odds of profit are high.
When trying to earn 50,000 yen per month, the optimal trading style varies by individual preference and method, but

generally day trading is considered suitable.

The 8 pips in USD/JPY previously mentioned are a realistic daily price movement range
that can occur.
Therefore, there is no need for frequent scalping; within a day you can
identify the timing of rises or declines and trade via day trading,
which should sufficiently enable you to achieve the 50,000 yen target.

Day trading involves infrequent trades and focuses on following the daily trend.
This allows you to trade without being easily swayed by short-term price moves.

However, unlike scalping,
it is important to time trades precisely, but there is enough potential for achieving the goal.

Trading styles vary among individuals, and day trading is just one option.
As you gain experience, it is important to find the method that best suits you.

Therefore, even if you do not day trade, achieving an average daily gain of 8 pips is certainly possible.

Investment strategies should be considered by individuals and pursued flexibly in a method that suits you.
Even with a slower trading pace, it is possible to earn 50,000 yen monthly.

The key is to choose a trading approach that matches your style and risk tolerance and steadily pursue profits.

Choose an FX broker with low trading costs

Finally, one of the important conditions for earning 50,000 yen per month is to choose an FX broker with low trading costs.

In the method of accumulating target pips daily,
since the profit per trade is not large,
high trading costs can make achieving the target profit difficult.

While many domestic FX brokers offer free trading fees,
'spreads' (the difference between selling and buying prices) vary
by currency and FX company
and this spread itself is the FX company's profit.
The smaller the spread, the lower the trading costs paid by the trader,
and the lower the trading costs, the easier it is to achieve the monthly profit target of 50,000 yen.

When choosing an FX company, remember that the spread is an important
criterion for judgment.