A safe game on the Forex currency exchange is an opportunity to trade, if not with profit, then at least without losses. Sooner or later you will test this financial market and develop a winning strategy.
At the initial stage, you need to learn to save every cent in your trading account. This requires the ability to correctly place a stop loss order in order to minimize unprofitable trades. We advise you to pay attention to the important Fibonacci trading indicator, which helps to set the most accurate stop loss function in trading on the currency exchange. We are forced to say that if you take the game on the currency exchange lightly, you will be in constant losses and will be disappointed in this type of earnings.
Trader discipline and market volatility
Experienced traders tend to be very frugal and disciplined in their trading. There are no lucky people in the long term. Yes, if you are gambling and you are just lucky, this means that for some period of time you will be in the black, but in the long run you will be forced to close your trading account because it will be empty to zero.
FREE: About the volume of the Forex market and the liquidity of currencies on the exchange
Playing on the foreign exchange market is closely related to market volatility and is considered a quick way to both make and lose money. If you treat this process irresponsibly, then obstacles may arise on the path to making a profit. The Forex financial market is very popular due to its worldwide distribution, 24/7 operation and global access through an extensive network of various Forex brokers and intermediaries. But this market also poses huge risks and a great possibility of losing your capital in your trading account.
cybersport
By participating in eSports tournaments, you can win significant cash prizes. For example, the prize fund of the Dota 2 tournament is $5 million, The International 2022 is $34.3 million; and the winners of the 2014 World Cup received a $35 million prize.
The game requires constant training. You need to reach the top of the rankings in one of the games. You can become an eSports player in a single or team game. If it is not yet possible to get into major world tournaments, you can win city and regional competitions.
Thanks to e-sports, you can earn money not by playing, but by betting in bookmakers. You can place bets on CS: GO, Dota 2, League of Legends, PUBG, Fortnite. Cooperate only with legal, proven bookmakers. Develop skills in calculating match outcomes and investments, study match odds.
Vladislav Kowalski shared a case study on how to make 300,000 rubles per month. on eSports betting. Vladislav is an experienced arbitrageur, and he began earning money in betting and betting in 2022: at first, 14,000 rubles per month, but soon it reached 100,000. Vladislav mainly makes money on sure bets - these are bets on opposite outcomes without the option of losing. On cyber forks, according to the arbitrator, you can earn from 10 to 20% per day from the bank (with a bank of up to 100,000).
Vladislav had to immerse himself in the topic and understand the difference between regular sure bets and e-sports ones. He registered with reliable bookmakers, looked for matches in CS:GO or Dota 2, spent a lot of time and effort on this work, and was constantly looking for the necessary knowledge. He emphasizes that this is not easy work, but the result is worth it. Vladislav’s record-breaking income reached about 700,000 rubles per month.
Separately, you can make money on betting affiliates that support the eSports theme. Alexander spoke about the case of draining traffic from Twitch streamers to the GameSportBet esports offer. The campaign ran for 40 days, across the CIS geographies. 95,000 rubles were spent on advertising, 192,850 rubles were earned, but earnings will increase further due to renewals. The author of the case agreed with CS:GO and Dota 2 streamers that they would advertise the affiliate program. The streamers themselves received a fixed payment for hosting advertising banners, and Alexander received income from an affiliate program.
Are you driving traffic to esports betting?
3 votes
Not really
Rules for safe play on the currency exchange
Playing the Forex market safely is truly a tremendous skill. Why? Playing on the currency exchange has certain risks, which largely depend on the Forex strategy that the trader has chosen. However, some difficulties that may arise while playing on the foreign exchange market can be avoided if you adhere to the following ten rules:
- develop a strategy for playing Forex;
- test your game strategy;
- use a money management system;
- always limit your risk;
- learn to determine the moment of profit;
- avoid excessive trading;
- analyze the market before you start playing;
- learn to determine the moment when it is better to stay away;
- follow the news;
- Avoid becoming a losing trader.
EXCLUSIVE: Don’t follow wrong Forex market forecasts←
Let us dwell in detail on each of the ten points of safe play on the Forex exchange, grouping them.
How do you make money from differences in exchange rates?
The first and very important note: currency transactions are carried out with the presentation of identification documents. This means that if the transaction amount exceeds 40 thousand rubles, then you will have to present a passport, as well as some other documents (TIN, etc.), but this largely depends on the specific department, some people turn a blind eye to this. Although, reporting requires information.
In general, either work with amounts up to 40 thousand at a time, or provide information. The majority choose the first option, since previously there was only a limit of 15 thousand rubles, which made life very difficult for banks - they began to refuse exchange operations, but underground exchangers began to develop. There is no point in attracting attention to yourself; it is better to just perform two or three operations. If the amounts significantly exceed this threshold, then relatives can be involved in the activity.
So, earnings on the difference in exchange rates are obtained after we perform two operations:
- Purchasing foreign currency at an exchange office . It can be any institution, the main thing is that everything is fair. For example, we bought dollars for rubles at a price of 65.
- Selling currency and receiving rubles after the exchange rate has changed (increased) . For example, 67 rubles per dollar. As a result, we have a profit of 2 rubles for every dollar purchased previously.
There are always two prices for currency, which are displayed on the board - the purchase price and the sale price. They differ by several tens of kopecks, during periods of strong fluctuations they can exceed a ruble, and for very arrogant owners of exchangers even several rubles. So, these prices mean the following:
- The purchase price is how many rubles the exchanger is willing to give for one unit of foreign currency. That is, this is the cost of sale to the exchanger.
- The selling price is how many rubles we will pay for one unit of foreign currency.
In stock trading, this difference is called a spread. On the exchange itself it is small - a few kopecks. But this is an electronic form, and we have cash. Accordingly, our task is to obtain the lowest possible sales price and the highest possible purchase price. It’s simple – buy cheaper, sell more expensive. To do this, you will need to search for information, for example, on the Internet. The RBC website publishes the best offers; they can be found on the main page. We go to the section on the currency of interest and get a list of all offers for both sale and purchase. And you need to be prepared that you will have to travel in order to get a good price. The final result will largely depend on this difference, since earnings on exchange rates do not imply large changes in a short time.
Development and testing of a strategy for playing on the Forex exchange
Traveling to your destination is much easier when you have a map. It's the same with playing on the stock exchange. Having an effective strategy and trading plan will help a trader play safely on the foreign exchange market. Trading without a strategy is like traveling through unknown terrain without a map: the destination is not defined. It is necessary to research the foreign exchange market and develop a strategy before risking your money.
Once you have developed your trading strategy, you need to test it using a demo account. Using a demo account to test your strategy will help determine its suitability for your chosen playing style and for you personally. Testing can also protect you from losses.
Splinterlands
Cryptocurrency/token used: SPS
Next on the list is Splinterlands. In Splinterlands, players can collect cards with different characteristics and abilities. These cards are also used to battle other players in skill-based matches.
Thanks to blockchain integration, Splinterlands allows players to buy, sell and trade their assets. Earning rewards in tournaments, ranked games and quests allows players to earn money easily.
In fact, Splinterlands is cross-compatible with the Ethereum, Tron and WAX blockchains. It also uses the Hive crypto wallet, which automatically generates your game credits when you sign up for the game.
Using money management and limiting risk
In order to develop an effective money management system, you need to learn how to manage your capital and clearly determine the amount you are willing to risk. Implementing this system into your trading strategy will help you remain successful even if you make mistakes.
Clearly establishing the amount of money you are willing to risk on each trade will help you avoid incurring excessive losses in the event of an unexpected market fluctuation. Using stop loss functions is a necessary element of playing safely on the foreign exchange market.
Own game server
The method will require large investments at the initial stage, but over time they will pay off. You create a server for the game, study competitors, and come up with “tricks” to attract players. For example, you can offer services for purchasing exclusive game items, statuses, in-game currency, etc. It is better to choose a game to create a server in which there is less competition and where more money is spinning. You will need business management skills, and you will probably have to hire programmers and designers, because it is physically impossible for one person to create a large server.
The author of the blog “Square Pants” has his own Minecraft server. There are 220 people playing on the blogger’s server. They will donate an average of 800 rubles. per day, which gives about 24,000 rubles/month. Of this money, the author of the case pays 3,000 rubles. for hosting and 2,000 for marketing and promotion. Thus, he receives 19,000 rubles. net income. The blogger is thinking about scaling his business and creating 5 such servers in order to reach an income of 100,000 rubles per month.
Affiliate programs of online exchangers
As a way to earn money, exchange offices on the network can be used without investing money or performing exchange transactions. This income can be either sole or additional. Almost all major exchangers on the Internet offer users to become partners of the platform based on the CPA principle (which means cost per action).
Anyone can connect to an affiliate program. To do this, you do not need to top up your account or pay for cooperation. The main point is to attract clients for exchangers through an affiliate link. In this case, for the exchange of attracted users, they receive a commission, which they actually share with partners.
To start earning money, you just need to register in the affiliate program of the exchange office. Then the user receives a personal referral link and all that remains is to start advertising it so that other people register using it. All social networks, YouTube, various forums, etc. can act as advertising platforms for your affiliate link.
A beginner can immediately start collaborating with the already mentioned BestChange monitoring . To do this, go to the service website and click on the “Partners” link, then “Register”. Then enter your login, e-mail, password, agree to the terms and conditions and click “Registration”. After this, you can find out the details of cooperation in your personal account and receive your referral link.
Next, you become a partner of the site and can start advertising your affiliate link. Also, if you wish, you can directly select other exchangers and become their partners under the same referral scheme. But here, with a targeted selection, you should study the reviews about the selected exchanger; the more of them it has, the better.
Sorare
Cryptocurrency/token used: SOR, ETH
This game will definitely appeal to football fans. Sorare NFT football platform built into the Ethereum blockchain. This is a collectible card game that features football players from all over the world. With these collectibles, the player can form a virtual soccer team and compete against other players in various active leagues.
The game is based on real games, hence allows the player to create squads, select a captain and earn points. Trading cards in Sorara have individual levels of uniqueness and rarity - Rare, Super Rare, Unique. You can earn weekly prizes by defeating managers and every game to level up and reach divisions.
Sorare recently revealed that limited 1/1000 scarcity cards will be coming to the game soon, which will improve players' chances of qualifying for the 5th Division of Global All-Star Football.
Sorare uses NFTs - a player can sell, buy or trade cards using the ERC-721 token standard on Ethereum.
Lost Relics
Lost Relics is a game with a lot of items. It is an Action-Adventure Role Playing Game (ARRP) supported by the Ethereum blockchain. It is one of the most famous and popular NFT games today in which players can easily get rewards such as gold coins and other blockchain items. Additionally, these items can be sold on the open market at high prices due to their rarity.
To play the game, you must fight monsters, complete quests, invade dungeons, collect as many rare trophies as possible and earn income from it. The player can obtain valuable items through quests, events, and encounters.
VIP currency or “prestige” (VIP currency)
VIP currency is a reward to players for completing an IAP.
The most striking example is Steam . After purchasing in the store, the user receives special Steam points. This money can then be spent on chat stickers, profile decorations, and rewards for other users.
Barnes points out that in most games, “prestige” is awarded not for making payments, but for progress. They say this better stimulates users.
Event currency
Event currency is the currency of in-game modes, which is temporary in nature and works exclusively within the framework of a time-limited event.
Events are useful for monetization and increasing engagement. They introduce entire levels of in-game economy that are completely independent from the main game.
But this will not be possible if players who have accumulated a lot of gold are allowed to use it in the event. Such users can easily spend money to bypass the event requirements, or even buy rewards without actually participating in the event itself. As a result, the developer will have to balance this event several times for different user profiles.
Event currency completely eliminates this problem. It does not exist for long and only works in a limited time event. In addition, thanks to such a currency, events become more independent and easier to manage. It also motivates players to spend more.
As an example, Barnes cited the game Family Guy: Quest for stuff . In it, during the Star Trek , users earned a unique currency that disappeared at the end of the event. It could be spent on exclusive items.
Alien Worlds
Cryptocurrency/token used: Trilium fungible token, ERC-20/BEP-20/WAX
Alien Worlds is an emerging NFT DeFi metaverse that offers competition and collaboration between players.
In the Alien Worlds metaverse, you can control a planet. The player can purchase NFT game cards (Planet Lands, Tools, Weapons, Avatars, Minions and Artifacts), mine Trilium, fight other players and complete in-game quests. It is necessary to be strategic about selecting, purchasing, and assembling NFTs for your personal gaming experience as it can completely impact the direction of the game.
The cryptocurrency used in Alien Worlds is Trilium on the ERC-20/BEP-20/WAX fungible token. It can be used to participate and vote in the elections of a specific Planet, and is also distributed among the Federation tasked with creating a functional Metaversal economy.
CryptoBlades
Cryptocurrency/token used: SKILL
Cryptoblades is one of many NFT RPG games developed by Riveted Games, an award-winning video game developer. Thanks to the power of BSC and the blockchain, CryptoBlades has become a reliable game where players can earn long-term rewards.
To play CryptoBlades, you will need an internet connection to play on their web gaming platform. First, the game means that the player can control their NFTs (weapons and characters) with the right to sell and trade them on the in-game market. However, each transaction requires a small fee.
CryptoBlades uses the SKILL token. A player receives SKILL tokens whenever they defeat their opponent.
