0
You would need a good trading system, Money Management rules and a good broker. However the most important part is the psychology and discipline.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
In forex how do you make money in a downtrend?
Before currency drop, you place a "SHORT" position. After the currency drop, you will make profit.
What does the site Forex Profits do?
The site Forex Profits is a website all about currency trading. You can learn how to trade currency for profit and they give advice on how to make more money from trading.
What is forex currency trading?
Currency trading is trading different currencies on the forex market. For example, you can exchange US currency for Canadian currency in order to make a profit. Forex software helps you to trade foreign currency at a profit. Do not recommend start live trading before learning the ropes for a month or two.
Who is the one that trades on Forex with an aim to gain profit?
i am
What does forex trading involve?
Forex trading involves a third party that exchanges one currency into another. The third party has certain exchange rates to convert the currency in order to make a profit.
What Is The Automatic Forex Trading?
Automatic Forex Trading involves the use of Forex software to automatically trade stocks. This allows for profit without exerting any actual effort.
Which is the best place to get forex investment advice?
Commoditytips.com is one of the best & right place where you can get profitable forex investment advice and get good profit.
How is forex profitable?
Forex is a very profitable system. When you buy into a currency it is traded against another currency. When they either on moves in any direction you will lose or make money. The forex is easier to understand and see when you try simulated forex trading software. I use these two websites to help me understand the profit that can be made. http://www.simulatedforextrading.ca/ http://www.freeforexhelp.ca/
What does Fourex trading refer to?
Forex trading refers to an exchange market where currencies are traded. Exchange rates change all the time, so the value of the dollar can go up. Forex trading allows one to make a profit.
Profit from buy and sale in forex?
That is how forex works. You buy a currency when it is low and sell it when its value is high. The same concept applies for trading commodities or stocks
What sort of services does forex trading offer?
Forex trading relates to trading foreign currency for profit. It provides currency conversion to aid international trade and investment.
What is global forex trading about?
"Global Forex, or foreign exchange, trading is the buying and selling of foreign currencies hoping to make a large profit as the values of those currencies fluctuate against one another."
