BIZ-MONEY: Forex as a way to get additional income
Surely you’ve heard something about Forex and must have wondered how one can make money on it. The article sheds light on the Forex basics, how to start trading and how to make a profit on it.
Forex (Foreign Exchange Market) is an exchange market of currencies. It works 24/5, at weekends the market is closed. The main participants of the foreign exchange market are investors, large banks, and companies. But with the advent of the Internet, everyone can get income on it.
The notion here is that, for instance, you can buy €1 for $1.3 on Forex, wait for a while until the value of the euro goes up to $1.5 and then sell it, earning a profit of $0.2. This is a general idea of the currency market and all you need is a computer or a smartphone with Internet access.
How to open a trading account?
It is crucial to select an appropriate broker that will provide access directly to the Forex market. A broker is a company through which people do their trading operations on the financial market. JustForex is a reliable Forex broker providing services in 197 countries for many years. The company offers the most profitable trading conditions on the market:
1. Several types of trading accounts with low spreads: Cent, Mini, Standard, ECN Zero.
2. Leverage up to 1:3000. Leverage is the borrowed funds that a broker brings for trading. For example, if you select a 1:100 leverage, it means that the broker will virtually provide you with funds 100 times higher than yours.
3. Variety of trading instruments. JustForex offers 84 currency pairs, as well as 2 metals for trading.
4. Multicurrency accounts. You can open an account not only in USD but also in EUR, MYR, IDR, THB, VND as well.
5. Analytical materials. All the important economic news, daily forecast, fundamental, and technical analysis are available on JustForex website.
How to practice without losses?
For those who are beginners, it’s better to practice Demo accounts first. Trading on such kind of accounts is performed on virtual money so you can test your strategies and skills before real trading practice.
The Demo trading gives you a lot of possibilities free of charge. You will:
• understand how the Forex market works;
• examine the trading platform through which trading is conducted;
• work out your trader’s skills;
• develop your own trading system;
• test technical indicators, etc.
In order to learn more about profitable trading, visit the information section.
All photographs, news, editorials, opinions, information, data, others have been taken from the Internet ..aseanews.net | [email protected] | For comments, Email to : Pahulu Gan – Contributor | [email protected]
