Earn With Forex Trading Online in Time of Crisis

In a time where most countries experience economic instability and financial crises, citizens find it hard to make ends meet which brings about frustration and unhappiness.

To make a person happy, surely there is a need to work and make money, although some people say that money does not make happiness, certainly, it helps a lot. Let's see together how to earn big with Forex trading with these two simple ways after you must have opened an account. I recommend trading with Juno markets forex.

Exchange Currencies

Making money with online trading is not difficult if you have the right technique and work with a good broker like Juno markets. We have said that forex is all about buying and selling currencies. Trades positioned in the exchange market makes it very simple, easier to headlights than to say, very intuitive even for novice traders.

To earn big with online forex trading, all you need do is exchange a currency against another. In this way, based on what are the strategies, you will get a profit and sometimes a loss in case the purchased currency will increase in value when compared to the sold one or on the contrary when there is a loss.

Example of how to make money online with forex trading

Suppose you trade forex on the EUR / USD currency pair.

For example, the trader will be buying € 20,000 on the EUR / USD exchange rate set at € 1,1800 for a total exchange value of € 23,600.

Please note that the rate with which the currency is exchanged is nothing more than the relationship between one currency and another.

After 15 days, we exchange our € 20,000 again once again on the USD / EUR exchange rate at the  rate amounting to 1,200, for a sum value of € 25,000

The profit obtained will be given by the difference in the sale price and the purchase price, or between 25,000 -23,600 = € 1400. However, we would obtain a loss if the rate of exchange is lower compared to the purchase price.

Forex Daily Gain With Long/Short Positions

The basic step to take when doing forex trading is to determine if you want to be a buyer or a seller.

A trader is said to be going long when he intends to buy a currency when its lower and sell when the price rises. It’s a technique known as long position

In the opposite case, if you intend to sell the higher currency and buy the quote currency, you desire to bring down the base currency of value and consequently buy it when it is cheaper. This technique is known as the short position. A trader can make good money by going either with long or short positions or trading them simultaneously.  


by Rahul Paul via Everyone's ADM Blog Posts - Automotive Digital Marketing

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