Forex or Spot Forex is the exchange of foreign
currencies. In Forex market you can buy a currency of a country instead of
selling currencies of other country. For example, Dollar is the currency of USA
and Pound is the currency of UK. In Forex market you can buy dollar instead of
selling pound or buy pound instead of selling dollar. There are also some other
currencies for buying and selling in Forex market like AUD, NZD, CAD, CHF etc.
How to earn from Forex market:
The currencies
of a country are changing all the time. You can see that sometimes dollar
become strengthen against pound and sometimes pound become strengthen against
dollar. This is happening all the time for all the currencies of the world.
Suppose you have some dollar. When the value of dollar
becomes high against pound, at that time you can buy pound instead of selling
dollar. Again when pound become strengthen against dollar, you can buy dollar
instead of selling pound. Now I am clearing the matter, suppose you had 100
dollar. You bought 80 Euro instead of selling 100 dollar. Again later when the
value of euro increased, you sell them and get 120 dollar. Thus you earn 20
dollar. This is the process to take profit from Forex market.
Why you will do Forex trading:
Forex trading is a low capital investment. It’s possible
to start your Forex trading with $1. Most of the brokerage offer to do free
demo trade. So you can experienced yourself by doing demo trade and it’s
completely free. If you can get success then you can invest money and start real
trading. All brokerage offer leverage and it will be more than 200% of your
investment.
Forex market is a global 24 hour market. Forex market
remains open from Monday to Friday, 24 hours a day. So if you are a businessman
or an employee, you have option to do trading in your favorable time. You can
take profit any time from all condition of the market.
Forex trading can make a lot of money for you. But you
should learn the business before starting the trading. If you able to follow
the process, you can make a huge money per month without investing a lot. I will
discuss the advance level of Forex trading later. Thanks for reading my blog.
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