Forex trading - will it make you rich or poor?
Forex trading allows you to make money quickly and easily under certain conditions.
Currency trading offers the opportunity to earn money quickly. Read about the strategies, pitfalls, and recommended Forex brokers online.
Assessment of foreign exchange as a way of acquiring money
- Income Potential: High
- Risk: Medium - High
Currency trading is easy and cheap and you can do it from home via the internet:
Aim of buying and selling currency, is of course to make money. We will soon show you how to make money in forex, but first we will briefly mention some important concepts.
FOREX simply means "Foreign Exchange".
Currency is primarily a means of payment for one or more countries. Currency in the United States is the U.S. dollar, the UK pound is applicable in most EU countries is the Euro as currency.
Exchange is the value of a currency relative to another.
Currency Pairs is a pair of currencies, ie two different currencies. USDEUR is a currency pair - here we have the USD (U.S. dollar) and EUR (euro) forming a pair. Currency trading always in pairs: You buy one currency and selling another. For example, if you have euros, you can use those euros to buy dollars. In such a bargain buy dollars, while selling the euro.
Daytrading with forex trading is the most common form of currency speculation among individuals today. When conducting a trade within seconds, minutes or a few hours. It is possible to make a lot of money daytrading if you mortgaging investment (margin trading). Most specialist currency brokers today makes it easy to trade on margin.
Currency Broker is the service you use to trade currencies. It can be a bank or a specialized foreign exchange service.
