Monday, January 30, 2012

How to profit in online Forex trading

The basic principle of making profits in online Forex trading is this =
Buy low sell high= profits
Or
Sell high buy low= profits
Example; EUR/USD= 1.245 “lets assume we expect increase in exchange rate so we buy”
And exchange rate becomes 1.255
So now we sell @ 1.255
Profits=1.255-1.245= 10

“Note” the problem now is knowing if the rates will go up or down in order to buy or sell, however with close observation, technical and fundamental analysis, one can be able to predict rate changes accurately.
“Never trade Forex blindly because its quite risky”

I hope this is useful to anybody reading?

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