Be honest now, one of the main reasons to be here today, reading this page is MONEY. You want to know how to earn more and how Forex can help you do that.
In the next few paragraphs, you will learn how Forex can transform your life, set you free and give you a better future. If that is what you want, keep reading!
Like everything else in life, with Forex knowledge comes before success. So, let’s first start with getting to know the Forex market.
What is Forex?
To put it simply, Forex is the global market that allows you to trade currencies against each other.
When you travel abroad, the first thing you usually do is find a currency exchange booth at the airport, and then exchange the money you have into the currency of the country you are visiting.
When you go up to the counter you notice the screen showing different exchange rates for different currencies.
You see that one of your dollars is worth 100 yen. WOOHOO! And you have ten dollars! You are rich in Japan!!!”
Without even realizing it, you have participated in the forex market!
This is what do you in the Forex market – you exchange one currency over another. The only difference is you do it with a click of a button, from the comfort of your home.
How to make money on the Forex market?
Here it comes. Finally, the answer to your question. How to make money on the Forex market?
Let me illustrate it with an example. Today, purchase 10,000 euros at the EUR/USD exchange rate of 1.1800.
After two weeks you see that the exchange rate has reached 1.2500 so you decide to exchange your 10,000 euros back into U.S. dollar at that exchange rate. Congratulations! You earned $700 profit. See how easy it is?
In Forex, every small fluctuation of the exchange rate could bring you profits. And that is the beauty of it.