How to make money in FOREX ?

We will see how the FOREX market is a market that can be extremely lucrative over very short periods. This requires being smart and using strategies to maximize your earnings.

Roughly the Forex market is like the stock market. But instead of manipulating stock values, we are going to manipulate the value of one currency against another, such as the euro, the dollar, or the pound sterling.

Another difference with the stock market is that we can speculate in the Forex market at the fall as well as at the upside. That is, you can place buy or sell orders at any time.

Let's take a concrete example. Let's say the price of the euro against the dollar (so-called EUR USD in jargon) is worth 1.30. This means that 1 euro equals 1 dollar and 30 cents.

Methods to earn Forex

On the other hand, if you learn the ropes of Forex and are able to detect if the price of a currency parity is more likely to go up or down, then you will be able to open and close positions, buying or selling. salespeople, at the appropriate times. You will then be able to generate substantial profits and to grow your capital, and therefore earn forex.

Our website gives you access to critical information that influences the market and studies that predict whether the price of a parity is more likely to tend to rise or fall. Two tools are available for this purpose in the "Analysis" section.