Can someone explain the ForEx market in laymen’s for me?
glaserg4 asked:
I’m considering getting into the Forex market soon and am starting to do some homework. If someone could just lay out how things work and how you actually make (or lose) money, that would be nice. Also, what exactly is a pip and a lot? Thanks in advance.
Josh
I’m considering getting into the Forex market soon and am starting to do some homework. If someone could just lay out how things work and how you actually make (or lose) money, that would be nice. Also, what exactly is a pip and a lot? Thanks in advance.
Josh
6 Responses to “Can someone explain the ForEx market in laymen’s for me?”
An overthecounter market trades trillions each and every day clive httpwwwdownloadebooksforfreecom httpwwwebooks4nowcom.
The waves of value adjustmentsgood luck.
The forex or foreign exchange market you need good trading strategy extensively backtested on at least 15 years of strategies and sold in order to make money in the forex market is market is market you need.
Please try and do tell me what you think
Forex Trading is a highly leveraged trading. Meaning you borrow money to trade, with very little of your own money. If you put $1000 deposit you could trade up to $100,000. Forex is quoted in 4 decimal places. That is 0.0000. SO with a $10,000 account, a 1 pip or 0.0001 move makes $1. 0.0010, $10. If its $100,000 just multiply by 10. So you profit or loss accordingly,
There is some useful advice here.