How You Make Money in Forex
Procedure to Make Money in Forex Trading
Example:
Trader's Action |
EUR |
USD |
You purchase 10,000 euros at the EUR/USD exchange rate
of1.1800 |
+10,000 |
-11,800* |
Two weeks later, you exchange your 10,000 euros back into
U.S. dollar at the exchange rate of 1.2500 |
-10,000 |
+12,500** |
You earn a profit of $700 |
0 |
+700 |
*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500
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