Profit Guide to Forex
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How does Forex Currency Trading work?

I need someone to explain to me how Forex Trading works? Can I make lots of money off it? Whats the technique and how much money do I need to start?? Please explain if you know about Forex. Thanks!

Public Comments

1. Forex currency Trading, or FX is when you buy/sell different currency's in the hope that you can profit from it. For example, if you thought that the USD was going to rise in value, you would buy that currency (in what quantity you decide) And then sell it when the value goes up for more than you paid for. Thats a very simple example and it can get much more complicated.
To answer about the technique, the truth is there is no technique; you must find you're own way of working out why markets can change and how you can profit from that.
Yes Forex traders can make LOTS of money but it is very hard to get into, you'll have to have a 2:1 degree of above, good numeracy skills and other attributes. But traders like the stereotypical wall street trader can make money as well as loose it.
Hope this helps :)

2. Hello,
as I see you are a green trader. The best way for you is to start learning Forex at Baby Pips!

Best regards!

3. well I found a topic blog it

4. Hello,

Yes forex you can earn a lot of money, basically it is a way where you use the different prices of different currencies to your advantage and exploit them.

Here is an example: If you have $300 and convert it to Japanese YEN, if the YEN goes up then your money will go up and when you convert it back you will get more than $300. This take a lot of skill and calculations plus luck!

If you want to start check out this site, they were very helpful when i first started.

http://www.appliedfx.com/200-the-beginners-guide-to-forex