How to Make Money in Forex Currency Trading

The object of FOREX trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold. An example is making money by buying euros. You purchase 10,000 euros at the EUR/USD exchange rate of 1.18. Since the exchange rate is 1.18, you spend $11,800. Two weeks later, you exchange your 10,000 euros back into US dollars at the exchange rate of 1.25. Hence, you earn $12,500 and have a profit of $700. How to Read an FX Quote Currencies are always quoted in pairs, for example GBP/USD or JPY/PHP. They are quoted in pairs because in every foreign exchange transaction you are simultaneously buying one currency and selling another. An example is: GBP/USD = 1.7500 The currency listed to the left of the slash (“/”) is known as the base currency (in this example, GBP or the British pound), while the one on the right is called the counter or quote currency (in this example, USD or the U.S. dollar). The exchange rate (1.7500) tells you how much you have to pay in units of the quote currency to buy one unit of the base currency when buying. Or how many units of the quote currency you get for selling one unit of the base currency when selling. First, you should determine whether you want to buy or sell. If you want to buy, you want the base currency’s value to rise and then you would sell it back at a higher price. If you want to sell, you want the base currency to fall in value and then you would buy it back at a lower price. Make Money in the FOREX Market Can FAP Turbo really help you make money on autopilot in forex? Don’t buy FAP Turbo until you know what you are buying. Click the link below to find out what you need to look out for.

Make Money in the FOREX Market

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