Lesson #1: What is Forex and how to make money by currency trading
Top 12 reasons to start online trading:
- Forex Trading can protect you from the current economic crisis. You can make money both on the rising and falling of the forex market.
- Earn money almost instantly with Fx Trading! The fastest way to make money It takes less than 5 minutes to open a forex trading account, and less than 1 hour to deposit funds, so you can start building your personal wealth quickly.
- The profit is all yours – no fees are charged.
- Create additional income that can easily exceed your main salary.
- Forex Trading can help you achieve your personal financial goals.
- Be your own boss. No one is calling the shots but you!
- Work from anywhere you'd like: Home, Office or Abroad.
- Trade whenever and whatever you want. Forex trading is available 5 days a week 24 hours per day. Every forex trader should know the best Forex Market Hours.
- Forex trading with PaxForex provides a wide range of currency pairs.
- There is always someone who wants to buy and who wants to sell There are huge numbers of Forex Market participants.
- Trade the biggest market in the world, larger even than the stock market.
- Profit is limited only by your goals and abilities.
Forex trading opportunities?
Forex is the international business of trading currencies. The aim of a forex trader is to buy a currency when the price is low and sell it when it is high.
A real world online trade EXAMPLE:
Yesterday you bought 1 EUR at 1.37 USD. Today you sold that 1 EUR for 1.38 USD.
You have just made a profit of $0.01 (1.38-1.37=0.01).
Now, $0.01 is a very small amount but we can take small amounts and create bigger profits out of them. In order to make the bigger profit you should trade a bigger volume of money, like thousands or millions of dollars.
Just imagine you bought 100,000 EUR for 137,000 USD (100,000 EUR x 1.37 USD) yesterday and sold it today for 138,000 USD. You would have earned 1,000 USD on that trade in just one day!
With a leverage of 1:500 you need to invest only 200 EUR in order to trade 100,000 EUR and earn 1,000 USD.
It’s all sounds so simple, right? But where to get the US$137,000 to get you started? The answer is simple, actually. PaxForex will provide you with these funds. We offer the highest leverage on the market to give you the possibility of operating at five hundred times more volume than your personal deposit.
PaxForex also gives you the lowest spreads you can find online. You will be able to get cheapest prices to buy and highest prices to sell with PaxForex, so that you can maximize your personal profits.
Of course, there is a risk of a loss - like there is for any kind of investment - but the good thing is that you cannot lose more that you invest!
Open Forex Trading Account
The art of Forex Trading Online is the prediction of when to buy or when to sell. Forex traders are constantly researching and analyzing market data along with international trends to decide what currency to trade for maximum profits. Any major event, like an earthquake in Chile or a civil war in the Congo, can have a direct impact on the market and affect how much a currency can sell for. With the help of fundamental and technical analysis, savvy forex traders get a better idea of where prices are going and which currencies are the best to trade
Trading in the forex market is open and available to anyone who wishes to invest money in it. Forex brokers like PaxForex have sites and forex trading platforms that provide the software required for you to trade in this market.
Forex trading tools with PaxForex includes:
Once you are familiar with the MT4 Forex Trading Platform, the tools it has to offer, and you think you have gained enough experience by using the Demo Forex Account, you should change to the live market.
At this point, you make a deposit on your online Forex Trading Account. Before investing in any currency transactions, be prepared to spend some time researching and looking at current market data. This way you will reduce the risk of losing money.
A technical analysis will help you to identify the best time to buy a currency. A technical analysis is a tool to forecast the direction of a particular currency. The most common analysis is a price chart analysis. By plotting different prices and other indicators on the chart, it will create an estimation of the currency’s movements.
The other method is called fundamental analysis. It facilitates forecasts based on political or economic situations.
There is plenty of information and training on these subjects on the PaxForex website where you can research, study, and learn all about Forex.
The key to making good money in Forex trading market is knowledge and experience. Here, at PaxForex, both are available to you for free. If you are prepared to invest some time in educating yourself with our free Demo Forex Account, you can benefit financially from the best Forex trading at PaxForex.
Open Forex Trading Account