This can be the business or hobby of your life What is FOREX?
FOREX, currency, Euros, dollars American, Canadiendes, dollars Australian, pound sterling, francs Swiss,pesos Mexican, brokers, investment, business.
As already is mentioned, FOREX is a market international of currency, where the people buy and sells them main coins world: Euros, dollars American, $ Canadiendes, dollars Australian, pound sterling, francs Swiss, Yen, even until pesos Mexican.
What time do you provide this market?
Forex is open throughout the day, and closes the end of week. Is by this that is canoperate in the morning, to the average day, by the afternoon, in any time free.
How can I earn money?
Suppose that the Euro (EUR) the day of today is listed with respect to the dollar (USD) to a value of 1.3207, and think that goes to climb its parity, therefore buy euros. Effectively raises the Euro and closes at $1.3287, where them for sale and buy dollars. By the variations so small is buy minimum 10,000 euros (the variations normally are of thousandths of euro, and a thousandth is called PIP).
What is FOREX
In the example, the euro went up 80 pips (80 MILS), and earn $80 less Commission, so that it becomes $ 75 net.
And if I feel it will get?
In this case, sell them Euros (although not the note), and when lower the price, them buy more cheap. Can I sell 10,000 euros in short (sell without having them), and by each pip that lower, you would win a dollar.
10,000 thousand euros? I don’t have much money saved!
Here is where enters what is called leverage. There are brokers that allow open accounts with only 2,000 euros, and lend to one other. In this case, if I have 2,000 eurosand need to buy 10,000, lend me the rest and then it says I have a leverage is 5 to 1.With that leverage, each pip = 1 dollar. There are brokers that leverage up to 50: 1, where each pip would be $50.
This information is the hook, and all is truth. I can operate at any time, with little investment, and have good utilities. However, missing explain the risks and because forex does not is for everyone.