Robot Forex and Forex Trading Market

This is called Forex, as well as FX Market and Currency Market. When we say the current market, we suddenly remember the "honest", right? You men say how people make money on the sector and say, "Sell goods." Just how do I make money on Forex Market? What could you say? No, I'll tell you the answer. Forex Market makes money "selling cash". Perhaps now you look at the kind of aberration.

Forex is derived by including a combo of Foreign and Exchange. Perhaps you have a idea. Until then, read on. We were the first to say how money was earned by individuals on the marketplace. If they want to make profits, they need to buy products and sell them at costs that are higher. And roughly their gain goes,

Now let's see how this concept applies to Forex. Or have friend or your relative gone abroad? It is but one of those tasks that somebody must do to change our cash for the cost in the country that is appropriate. As an example, if a person goes to USA, they must be converted to Sri Lankan rupees ($ US dollars). (Otherwise, it is over.) People do this via a money exchange or through a financial institution.

It's only that you changed your money so that you made a Forex trade . But we do this not for a gain, that we're not getting that metric. Let's consider an example. We're going go on USA. We want US $ 1000 for this. We request the bank many rupees to buy US $ 1,000 so that the bank will have the ability to view the exchange rate and we'll need US $ 1000 to buy it.

You already know that Exchange rates will change day by day (in actuality, this day, the Exchange rates will change in seconds, you will soon know this). Now, let us say that today's US $ to Sri Lankan Rupees Exchange speed is 110.53, So, the number of rupees for US $ 1000?

US $ to Sri Lanka Rupees Exchange rate: 110.53

Needed US $ = US $ 1000

The total required to buy US $ 1000 is Rs. 110.53 X 1000

= 110,530 / =

We have taken Rs 110,530 for us US $ 1000. We'll come back to Sri Lanka about six months later. Somehow, we've earned approximately US $ 1,000 in exactly the exact same month that we have six months ago (do not ask how to). As soon as we come to Sri Lanka we visit the lender and inquire how much the US dollar is for the Sri Lankan rupee exchange rate, and the bank says now is speed 112.72. Now, let's see just how many rupees will probably be found within our US $ 1000.

If we have some benefit today let's see? Or just a waste? That.

We spent US $ 1000 on = Rs. 110.530

We obtained US $ 1000 = Rs. 112,720

We first discovered that "gain = the price of the purchased cost", then let's see whether there's a reduction and a profit.

2,190

We see that we got a gain of Rs 2,190. But we made this deal longer than simply to get a profit (that is, get USA to get the money and get a rupee when returning to Sri Lanka). However there are those who make profits. It means that when one currency is paid, the speed rises, and turned into profitable. That's what's on Forex Market. You understand make money and how to make money. The story is not over here, it's actually the story from here.

You might have thought that this couldn't be cash for cash. Because we invested 110,530 rupees, but desired 2,190 rupees. But the Spot Forex we're learning is much different (not too far, a little bit). This is because it's a word that has Leverage, and many are currently coming to the Forex. There are not leverage, but a lot of other words are Pips, Lots, Mini-lots, Micro-lots, Margins. Let's get this from the next lesson.