Forex trading is predicting a currency will go (up or down) and then buying or selling the currency (money) according to your prediction. If you buy and the value (price) of the currency goes up you make money. If it goes down you lose money.
This concept is difficult at the beginning (how do you sell what you do not), but there was no reason for concern. In fact, be able to benefit from an increase or decrease in the market is one of many reasons to change business is more profitable than trade.
Also money is exchanged from one country to another. Currencies are always traded in pairs, such as U.S. Dollar / Yen (USD / JPY), Euro / US Dollar (EUR / USD), Great Britain Pound / US Dollar (GBP / USD).
This videos explains forex trading :
Thursday, January 29, 2009
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