Today the game on Forex acquired enormous popularity. Why? The answer is simple: Forex market allows you to work only for themselves and earn respectable. But if you think that such success comes to every trader and forex market - a simple and effortless way to earn money, you are deeply mistaken. To find out what the stock market game, what are its pros and cons, we turn to theory.
What is Forex Exchange
Forex Exchange - an electronic system of trading world currencies over the Internet. Stock market game is available to any person who has a computer connected to the Internet. How so?
For example, you have opened a buy position on EURUSD at the price of 1.4312. An hour passed, and the price shot up and the pair was already 1.4612. Closing position at this point, you bail out the 3 cents of every dollar. Not impressed? Now imagine that your gambling is in larger amounts. What you bought and then sold more than 100 and not $ 200, and assume $ 500 000. Gambling with such a sum and the difference between the purchase price and sale price only 3 cents, to bring you $ 15 000. A similar exchange rate fluctuations on the exchange taking place every minute, and at the same price and can vary in a much larger range. And one day you may not make a deal. A week? A month? For the year? If successful trade speculation brings traders high and stable income.
Forex Exchange - an electronic system of trading world currencies over the Internet. Stock market game is available to any person who has a computer connected to the Internet. How so?
For example, you have opened a buy position on EURUSD at the price of 1.4312. An hour passed, and the price shot up and the pair was already 1.4612. Closing position at this point, you bail out the 3 cents of every dollar. Not impressed? Now imagine that your gambling is in larger amounts. What you bought and then sold more than 100 and not $ 200, and assume $ 500 000. Gambling with such a sum and the difference between the purchase price and sale price only 3 cents, to bring you $ 15 000. A similar exchange rate fluctuations on the exchange taking place every minute, and at the same price and can vary in a much larger range. And one day you may not make a deal. A week? A month? For the year? If successful trade speculation brings traders high and stable income.
Getting started in Forex Exchange
In order to begin work on the forex exchange, you must select a broker and open an account. All operations on Forex are performed in real time via the Internet with trading terminal.
"But what is a brokerage company, and why it is needed at a currency exchange?" - You ask. Recall that to obtain a desired profit you need to operate on a very impressive amount. But until you have $ 500 000, there are only two or three thousand dollars. On Forex with the money will not clear up your ... The stock market game could end. But you come to the aid of brokers, a service which is to provide customers a so-called leverage, allowing you to operate with capital exceeding your real deposit hundreds of times. So, if you choose leverage 1:500, and made a deposit of 1000 dollars, you can open positions in the foreign exchange market worth up to $ 500 000.
How is the leverage effect on your score and your income? It's simple: if your account was correct, and gambling has brought you to return all the money you earn, with the exception of a spread added to your trading account.
For example, you work with a leverage of 1:500 and deposit $ 1000. Having completed a successful transaction, we assume for a lot (100 000 units of base currency) for the pair EURUSD, you made a profit of $ 1000. Spread is $ 5. This $ 5 will be deducted from your trading account, and $ 1000 will be credited. As a result, the account will no longer $ 1000 and $ 1995. It's your money that you earned gambling, and you can withdraw at any time.
In order to begin work on the forex exchange, you must select a broker and open an account. All operations on Forex are performed in real time via the Internet with trading terminal.
"But what is a brokerage company, and why it is needed at a currency exchange?" - You ask. Recall that to obtain a desired profit you need to operate on a very impressive amount. But until you have $ 500 000, there are only two or three thousand dollars. On Forex with the money will not clear up your ... The stock market game could end. But you come to the aid of brokers, a service which is to provide customers a so-called leverage, allowing you to operate with capital exceeding your real deposit hundreds of times. So, if you choose leverage 1:500, and made a deposit of 1000 dollars, you can open positions in the foreign exchange market worth up to $ 500 000.
How is the leverage effect on your score and your income? It's simple: if your account was correct, and gambling has brought you to return all the money you earn, with the exception of a spread added to your trading account.
For example, you work with a leverage of 1:500 and deposit $ 1000. Having completed a successful transaction, we assume for a lot (100 000 units of base currency) for the pair EURUSD, you made a profit of $ 1000. Spread is $ 5. This $ 5 will be deducted from your trading account, and $ 1000 will be credited. As a result, the account will no longer $ 1000 and $ 1995. It's your money that you earned gambling, and you can withdraw at any time.
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