Trading currencies and commodities for a living

Foreign exchange (Forex) is not for anyone. Nevertheless, we argue that it is necessary for most people to try it.

How do you start with Forex?

It is relatively easy to get started. All you need to do is register on a currency service, and they open a currency account for you that you can put money into. Generally it is sufficient to add a small amount, and you can add as much as you want.

See this list of foreign exchange brokers.

Currency trading and forex

You do not have to be rich to begin, and it keeps you start with small amounts. A thousand lobe may be enough. Certainly, you should invest a little more about you should be able to make you rich.

Forex stands for foreign exchange, ie trading in foreign currency.

Exchange market is the largest financial market (with sales of 3 trillion dollars daily!). That means for you that when you buy a currency, you can be assured that it will be easy to sell again (this is called good liquidity!).

To make money in forex trading you need to sell at a higher price than what you bought.

Easy to make money in forex?

If it is easy to make money in forex trading depends on the eyes of the beholder. If you buy dollars at an exchange rate of 5 dollars, you can almost be sure to get sold again at 6.5 million, in each case, one can assume this by looking at the historical dollar and the exchange rate over the last 50 years. So you earn 1 dollar and 50 cents for each 5 - coronation you invest!

It is possible to make money in the short -term and long -term foreign currency market. You can buy a currency and wait to sell again until several months or years later. We are talking about long-term investments. Or you can buy one currency and sell at a profit after only a few seconds, minutes or hours. In this case we are talking about short-term trades, or daytrading.

Can you make a lot of money in forex trading?

Yes, you can earn very much money on foreign exchange. All investments involve risk, so it is also something you should be aware of. Anyone who takes the time to try out and acquire practical experience can eventually achieve a very good capital and income will accumulate drastically as you build up an increasingly big money binge that you only use the currency.

The rich get richer, and perhaps nowhere is it so clear that the currency market.