How to make money with forex?
How does the Forex market work?
The Forex market is not regulated: Forex is about trading in currencies. There is no Forex stock exchange building and there is no central location where the currencies are sold. The Forex market is always open: money has to be tradable at any time. Individuals can trade in Forex from Monday to Friday at any time.
How can you make money with Forex?
The value of a currency is not stable and is expressed in relation to another currency. With Forex, for example, you can trade in EUR / USD, you buy euros to buy dollars from. When the exchange rate of the euro against the US dollar rises, you then earn money.
Incidentally, it is also possible to go short on a currency pair like the EUR / USD. You then earn money as soon as the exchange rate of the euro falls against the dollar. The value of currencies is determined by a variety of external factors: for example, interest rate decisions by central banks, transactions carried out by large companies and the monetary policy of the relevant authorities.
High profit with Forex
With Forex you can achieve high profits by making predictions based on the available data. It is never possible to predict the course with certainty: it is very possible to determine what is most likely to happen.
Personally, I prefer to do this by studying the graphs. By identifying levels where the price does not move any further, placing orders can easily take big profits. Here, managing your maximum risk against your profit plays an important role in becoming successful.
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