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New to Forex
Forex, the Largest Market in the World | |
Currency pairs can be bought and sold on the forex markets to speculate on both rising and falling prices. The goal is to make a profit with every transaction.
It is very easy to execute a trade on the currency market: In practical terms, trading is done the same way as in any other trading market, and that makes getting started in forex trading simple for most traders.
Example of a Trade - How It Works: | ||
Trading Activity: | Euro | U.S. Dollar |
In December 2009 a trader sells the currency pair EUR/USD at a price of 1.46245 with the volume of one mini-lot (1 mini lot = 10,000 of the base currency = 10,000 euros). | -10.000 | +14.624,50 |
In July he closed his position with a profit of 2,154.2 pips at a price of 1.24703. | +10.000 | -12.470,30 |
Profit: The trader earned a profit of 2,154.20 U.S. dollars with this trade. | 0 | +2.154,20 |
