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Sunday, February 19, 2012

make money in the forex market

Forex is a very lucrative financial markets .By using a little money you can trade with large amounts of money because of the leverage system. Internet and connection are two things you need to start. It is so simple is not it? So, how to make money in the forex market? The trick is through difference in price you buy with the price that you sell. For example, you buy the EUR / USD at $ 1.3320 and you sell it at $ 1.3325. It means you gain 5 pips (1.33325-1.3320). With the leverage system, suppose you have $ 1,000 in your account, you will profit by (0.0005 x $ 1.000.00 = $ 50 if your leverage is 1:100). This can be many times profits if you are already proficient and your instincts as a trader is mature. However, you should remember if it might not always be profitable so it requires patience and good at managing available funds in order not to lose your identity and threatens you as a trader. Learn the basic things firstly because the basic things are the key to success in this game.

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