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?

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.

forex trading course