How To make Money with Forex

Posted on Aug 3 2012 - 9:59am by Gautam Kumar

Forex Market Is About Buying Or Selling Currencies.It is A knowledge And Business Of making Money Through Trading Currencies Against Each Other.There Are Many people who Are making Money with Adsense From Many Years.Now it has Become Simple To trade With Forex While Sitting At Home.Now They Dont have To make Phone Calls And Refer To banks.Its a great topic How To make money with Forex.So Lets Have it.

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If you have Any Experience In trading You Can Easily Earn Money From Forex.Forex Gives Individuals The Potential To earn.
The Main Objective Of forex Is To exchange From Currency From The Other In The Expectation That The Price Will Change So that the value Of the Currency You bought will increase In respect to the Currency you Sold And It will Make You Profit.

 

 

An exchange rate is simply the ratio Of One Currency valued Against  Another Currency.Forex trading Mainly Depends Upon Your Skills And Your Experience.If You Are A newbie And Want to make Money According To me Plz Dont Invest In Forex As It Will Lead You To A high Debt.Understanding Forex Means  Understanding Its Quotes Its measures Total Knowledge Of Currencies Etc.

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How To Read Forex Quote:-

Currency Are Always Quoted In Pairs.Ex- USD/INR, USD/GBP, GBP/USD Etc. The reason they Are quoted in pairs is that Because In every foreign Exchange You are Buying One Currency And Selling Other.

 

The First Listed Currency To the Left Is  Known As Known As Base Currency And In the Right IS kNown As Quote Currency.Base Currency IS The Basis Of The Buy Or Sell.

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Long/Short

Before Start Trading You Must Think What Do you want to do,Buy Or Sell??
If you want to buy(Actually means Buy the Base Currency And Sell The Quote Currency).You want The Base Currency To rise In Value SO that You Can Sell It at Higher Price.In Traders Talk Long=Buy

If you want to sell(Actually Means Sell the Base currency And Buy the quote Currency)You want the base value to FAll So that you can Buy It At Lower Price.In traders Talk Sell=Short

Long-Short

 

Bid/Ask

 

All Forex Quotes Are Quoted With Two Prices The Bid And The Ask.For the Most Time Bid Is Lower Than the ask.

The Bid Is the price at which your broker is willing to buy the base currency in the exchange of the Quote Currency.
The Ask IS the price at which your broker will sell you the base Currency in exchange for the quote currency.
The Difference Between Bid And Ask Is Popularly Known As Spread.

Earning With Forex Needs A lot Of Practice These Were Only Some Terms You must Know Before getting Your Hands Into Forex.You Should Start Making Charts While Getting Into Forex It Will Give you Great Profit.

There Are Many Broker sites Which Can Help you In getting  Experience In trading.They Provide  Demo Trades Ad When you think you Are ready You Can GO From Demo To live.Click Here

But As An Good Marketer My Advice is To Think CArefully Before Trading Into Forex<Trade Only If you Have Experience.You Can Also Get Assistance from Forex Forums.

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1 Comment so far. Feel free to join this conversation.

  1. Indian Forex Brokers May 16, 2013 at 3:32 pm - Reply

    Hi Gautam, this is a great introduction to Forex trading. A Micro account is another good way for people to start trading and learn as they go along. These accounts have low initial deposits, sometimes starting from $1 upwards and come with low trade sizes, helping you mitigate risk.

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