How to Make Money on Forex
During great economic recessions, the opportunity exists to make money and great investments by taking advantage of everything the recession has to offer. The cost of real estate has plummeted, so what's stopping you from investing in property? The demand for work is tremendous, so why aren't you hiring workers for that business you have dreamt about for the past decade?
The answer is painfully obvious - in order to make money, you need to have money. And there's one thing people don't have during a recession, it's money.
While it's hard to earn money in real estate with the price of homes in the tens of thousands, and it's even harder to start up a business, the opportunity to make money on the Forex market always exists. Keep in mind that the opportunity to lose money also exists and traders could sustain a loss of some or all of their initial investment. Wondering how to make money online on the Forex market? You have to learn. How do you learn? We teach you.
On the Forex market, traders can make money or lose money by exchanging currencies. The profit and loss occurs when the price of these currencies fluctuate.
Does it sound hard? It shouldn't. Take a look at this chart below.
In this example, a trader aspires to make money online by trading the GBP/USD.
Let's say the trader tries to work online on Forex with a deposit of $200.
With a leverage of 50:1*, a trader can buy or sell up to $10,000 with an original investment of $200. If the trader sold $10,000 GBP against USD at 1.6650 and two weeks later bought at 1.5800, let's see how much money he or she would have made:
(1.6650-1.5800) X $10,000 = $850
You could have turned your $200 into $850.
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