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How to Make Profit with Forex?

Profits with Forex: Forex trading predicts which currency will go up or down relative to the other currency.

So how do you know when to buy or sell a currency pair? You will need to perform a fundamental analysis to decide whether to buy or sell a specific currency pair. There are several economic factors at play that affect exchange rates.

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Since each currency belongs to a country, fundamental analysis focuses on the country’s economy’s general state. It considers productivity, employment, manufacturing, international trade and interest rates.

If the economy isn’t your thing, we’ve got you covered. First, let’s look at an example currency pair to understand it better: contact@newcomputerworld.com

EUR/USD

Since the euro is the base currency, it is the basis for buying/selling. If you think the US economy will fall further and the US dollar looks terrible, you place a buy order on EUR/USD.

And it means that you are buying euros and expecting them to rise against the US dollar. On the other hand, if you expect the euro to weaken against the US dollar, you will execute a EUR/USD sell order, which involves selling euros expecting them to fall against the US dollar.

Trade-in “lots.”

When you trade forex, you won’t be buying or selling a single euro, so they usually come in “many” of:

1000 currency units (micro lot)

10,000 units (mini lot)

100,000 units (standard batch)

Trading Margin

Margin allows you to trade the amount you don’t have. Use leverage to trade forex. Leveraged trading means you don’t need to pay US$10,000 right now; you have to deposit a small amount called a margin.

Leverage is the ratio of position or trade size to real money or trading capital used for margin.

For example, a 50:1 leverage or 2% margin requirement means you need $2,000 of margin for a $100,000 position. Also, margin trading opens up huge parts with only a fraction of your needed capital.

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