Who makes Money and where?

Answer 1

There are hundreds of ways to make money online working from home. One can earn good monthly income from these methods, but most methods end up tedious effort instead hard working. Hence there's another way thorugh which you can make money sitting at home, vary from $500-$50,000 depending on your effort. Critics say that "there is no business like Forex business". Average daily turnover in global foreign exchange markets is estimated at $3.98 trillion.

Overview: Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange. For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.

How it works: Forex trading is typically done through a broker or market maker. As a forex trader you can choose a currency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 1,000 Euros yesterday, it would have cost you around $1,200 USD. Today the Euro's value vs. the U.S. Dollar's value increased, 1,000 Euros now worth $1,300 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain. If you had used 1000 pips then from each pip you could gain $0.1 as profit. The magic comes now: using a simple 500:1 leverage (offered by the brokers) you can earn 500 times, total 500x$100=$50,000 in a day!

Moreover, good brokers offer you to open a demo/practice account to let you adapt with the system, some offer 1 month while some offer lifetime free demo account. Go for 1 month free account as their support is better, experience the transactions, then open a real account and begin to earn.

Signup free, open a demo account and get a free ebook:

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