How Profitable is Forex Trading?
An Example is the best way to answer that question. Click and zoom-in the above picture to get an idea. This particular example you see resulted in a profit of $1600 per standard currency lot.
How Much was Needed to Open the Trade?
It is tough to answer this question if you do not understand concepts like leverage, margin trading or terms such as pips, and lot size. You will learn all about them in our free forex school.
Just to give you an idea, without leverage you needed about $70,000 to open this trade. But the beauty of Forex trading is that you can enjoy up to 200 times leverage. So If you used 1:200 leverage you needed an investment of just $350 to open this trade and make $1600 as a profit.
After completing our Free Forex school you will know exactly how you can identify profitable trades like this and make money like a pro-trader.
But Remember before going too far ahead, This trade could have resulted in a big loss if you were in the other-side of the trade.
As with any type of investment, trading forex also comes with risks. I can teach you better money management skills to lower your risks, to keep the losses small and winnings big. But I would be lying if I tell that you can make insane amounts of money without facing risks.
Forex trading is not for get rich quick wannabees. Trading is an art and you will have to learn it patiently. I am here to give you tools to and assist you throughout your journey.
Recent Updates
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Forex Trade Alert USD/JPY
USD/JPY climbed above the significant 80 level and I found a nice trade setup. The ... Read more
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Will Greece Leave the EURO?
Greek party leaders are still unable to form a coalition Government and Europe's bankers are ... Read more
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Forex Trade Alert – USD/CAD
I found a nice trade setup on the USD/CAD Daily Chart and thought I should ... Read more
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Forex Signal : Long GBP/JPY
Long GBP/JPY 130.55 stop Loss 130.00 Trade Status : Closed Signal Issued : 4/23/2012 Time : 7.07 AM GMT Trade ... Read more
Why Trade Forex?
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Start-up costs are low
You can start trading with a capital as little as $50. When compared with trading stocks or futures this is a big advantage for a newbie trader.
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You can make money working only a few hours a day or week on your computer.
You can trade from anywhere in the world where there is an internet connection.
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Practice without risking real money
You can gain experience without risking your own money by using a free demo account. It takes less than 5 minutes to set up and it 100% simulates the real trading world.
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If you think a currency will go up, buy it. If you think it will fall, sell it.
Unlike many other financial markets, where it can be difficult to sell short, there are no limitations on shorting currencies. This means there is no such thing as a “bear market” in forex–you can make money any time.
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Control lot of money with little in your account
Forex brokers offers up to 1:200 leverage. Meaning you can control a $200 lot using just $1.But it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1. Futures offers 15:1 leverage.
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Low trading costs
There are no fees to open accounts, to operate, or to withdraw money. No commission when buying or selling. Your only cost is the spread between the buy price and the sell price.
Our Forex School
Forex Trade Alert USD/JPY
USD/JPY climbed above the significant 80 level and I found a nice trade setup. The pair is sitting just above the 200 period daily EMA and also above the 200 ... Read More
Will Greece Leave the EURO?
Greek party leaders are still unable to form a coalition Government and Europe's bankers are already discussing the possibility of a Greek departure and how to handle the fallout. ... Read More
Forex Trade Alert – USD/CAD
I found a nice trade setup on the USD/CAD Daily Chart and thought I should send you an alert. If you enlarge the chart you will notice that the currency ... Read More
Forex Trade Setups – AUD/JPY
The currency pair AUD/JPY has been trading in a range since April 04th and some good money still to be made here. Zoom in to get a clear look. The range is ... Read More
Forex Signal : Long GBP/JPY
Long GBP/JPY 130.55 stop Loss 130.00 Trade Status : Closed Signal Issued : 4/23/2012 Time : 7.07 AM GMT Trade closed : 4/24/2012 Time :8.00 AM GMT at 131.20 Profit/Loss : +65 pips Maximum Draw down : 37 pips The Trade ... Read More
Where is Austrailian Dollar Heading?
Last 2 months has not been good for the Australian Dollar. After making a high of 1.0850 on 29th February the pair did a reverse move to the downside ... Read More
Danske Bank Recommends to Buy GBP/JPY
UK Retails sales numbers showed a healthy 3.3% year on year gain and DANSKE MARKETS came up with a report focusing how to play the GBP strength. Buy GBP - Research ... Read More
Market Buying the Rumour and Selling the Fact
There was enough demand for spanish bonds despite some concerns and seems like the market were long before the auction expecting a good take. EUR/USD lifts slightly after the results and ... Read More
China widens Yuan trading band
The Chinese government widened the USD/CNY trading band from 0.5% to 1.0%. Initially the market considered this as a positive movement and commodity currencies such as AUD started climbing higher. ... Read More
Roubini is not impressed with European Austerity Strategy
"The trouble is that the eurozone has an austerity strategy but no growth strategy. And, without that, all it has is a recession strategy that makes austerity and reform self-defeating, ... Read More
