What Is The Best Way To Make Money Trading Forex

What is Forex (FX) trading?

It is nothing but the buying and selling of currencies.

You can easily place a trade in the currency exchange market. The trade mechanics are very similar to those found in the stock exchange market. If you have any experience in trading, you can easily invest in the foreign currency market.

But don’t worry, if you have zero knowledge of trading, you can slowly pick it up with our Forex trading articles.

The main objective of Forex trading (FX) is to exchange one country’s currency in relation to another country’s currency with an expectation of a boost in prices.

Here is an example:

In the EUR/USD currency pair, if you have purchased 10,000 Euros (+10,000), which is equivalent to 11,800 USD (-11,800). But, after two weeks, you would like to exchange the 10,000 Euros back to the US dollar, and then the exchange rate is 1.2500 (+12,500). Hence, you earn a profit of 700 US dollars (+700).