How to make money by forex Trading

How to make money by forex Trading

How to make money by forex Trading?

In the forex market make money it simple but that time when you understand properly.

I m clear your doubt by below example ( in a simple manner )

If u Buy 100000 GBP Exchange rate of 1.2520

GBP:-100000 * 1.2520=$125200

After few time later price goes high 1.2550

GBP:-100000 * 1.2550=$125500

125500-125200=$300.

SO Here you Got profit=$300 quickly.

It is Possible when you Understand Forex......

What is Base and Quote Currency?

forex have base currency and quote currency , who describe bid price and ask price. its necessary to know what is base and quote currency , with spread and pip. https freeforexsignalhelp.blogspot.com. and

Here GBP is Base Currency .

USD is Quote Currency

What is Bid Rate and Ask Rate?

Bid Rate is = 1.2520

Bid rate is Always Low from Ask Rate .

Example : Whenever you want BUY GBPUSD you got 1.2530 Ask Rate .

Ask Price is = 1.2530

Ask rate is Always High from Bid Rate.

Example : Whenever you want SELL GBPUSD you got 1.2520 Bid Rate .

What is Spread and Pips in forex?

Spread is = 10

Whenever Bid rate and Ask Rate Between Gap Is called Spread.

PIPS :

Example: GBPUSD Rate is 1.2520. and Price rise by 1.2521

1.2521 - 1.2520 = 0.0001

means 1 Pip going up.

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