How does one profit in the Forex market?
Obviously, buy low and sell high!
The forex market is a place where profits can be made as well as losses.
Profits are made in the Forex market by anyone who trades currency, and all you need for this is a computer, an internet connection, and some capital. It seems simple, but to make great profits, you have to be a dedicated trader who studies the market constantly and trades intelligently.
The trader needs to be patient and correct in his decisions to earn profits. The profit potential comes from the fluctuations (changes) in the currency exchange market. Unlike the stock market, where shares are purchased, forex trading doesn’t require the physical purchase of the currencies but rather involves contracts for the amount and exchange rate of currency pairs.
The advantageous thing about the forex market is that regular daily fluctuations in the regular currency exchange markets, often around 1%, are multiplied by 100! (FxGlory offers trading ratios from 1:1 to 1:3000.). A factor that allows traders to make money by trading is the concept of leverage. If the leverage is 1:100 and the client wants to open a position worth $100,000, he/she only needs to deposit $1,000.
