how to make money in the forex market
TRANSCRIPT
How to make
money in Forex?
You make money from the fluctuations in
price
When the price go up you Buy When the prices go down you Sell
How to make money in the Forex Market
Example:
Jim buys South African Rands with ten American Dollars when the exchange rate is $1 = R12.80Therefore he gets R128.0
How to make money in the Forex Market
Example:
The exchange rate then changes to $1 =R10.00The dollar strengthened against the South African Rand.
How to make money in the Forex Market
Example:
Therefore Jim sells his South Africa Rands for Dollars and gets $12.80Making a profit of $2.80
In the Forex
MarketAll you need is small movements in pips
and you are able to get huge returns
How to make money in the Forex Market
What is a Pip?
The smallest movement that you can get in the Forex Market.
0.0001 Usually the first decimal place with the exception
of the JPY, which is always quoted to two decimal places.
The difference between 0.7747 and 0.7748 is a one PIP.
How to make money in the Forex Market
A movement as small as 5 pips.
Can be worth R5000.00
Depending what volume you put per trade.
A single pip can represent 10 cents, R1000, any amount.
How to make money in the Forex Market
How to make money in the Forex Market
When the market is in an uptrend you buy.
When the market is in a downtrend you sell.
Quiz
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