Forex Trading Example
The possibilities of international currency market are endless. the world knows many examples of traders who managed to get rich at Forex. even the slightest hesitation on any currency prices can bring higher profits to the trader. Earlier trading on Forex markets were only on the main capitals of the world and access to the market require large capital investments. today in the age of information technology things have changed and simplified. Now experience of Forex transactions can get everyone with access to the Internet and even open a cent account with 10 dollars on deposit.
brokerage companies offering the technology of margin trading and this is make much easier life for all who wish to try their hand in the Forex transactions. But without a basic economic knowledge and understanding of the functioning of the market laws, the trader will not be able to get rich. It is necessary to constantly monitor the current picture of the news of the day and analyze the events that may affect the situation in the Forex.
Example Forex trading includes the general principles of the sale (purchase) of the currency and the description of the technical aspects of the process. in our example, the work will be done with the currency pair EUR/USD, the deposit size is $ 1,500, leverage is 1: 100, trade is conducted in a standard terminal. after the opening of the terminal you need to open the chart of the currency pair and conduct trend analysis. let’s say that the chart shows that the price increases, then you make a purchase at the price of 1.3000 dollars per euro at the rate of one lot (100 000 euros). Make a deal of this volume will allow you to leverage, which increases to 100 times the available funds. Then just have to wait for the financial result, in this case the situation is developing quite well and after a few days up strips in 1.3300 dollars per 1 euro. The financial result of the Forex transaction amounted to 300 points or 3000 US dollars, accounting for 200% of net profit. And it’s only a week in the Forex.