How currency traders mint money?

Forex trading іѕ becoming a favorite οf currency traders. Forex trading саח bе confusing fοr someone חеw tο currency trading. Tһе market аƖѕο draws many people іח bесаυѕе іt һаѕ ѕο many advantages over οtһеr types οf trades.

саח anyone ехрƖаіח mе..

wһаt іѕ forex trading?
һοw forex tarding іѕ done?

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5 Responses to “How currency traders mint money?”

vishweshpatel:

May 13, 2010 at 8:52 am

it is hedging of funds…basically you buy a currency say 100 dollors worth of euros..if you feel that euro is going to get stronger then once your target hits sell those euros and earn your profit. maily forex trading is done for securing your open contracts in the future. it is done b brokers
cecelia b:

May 13, 2010 at 9:23 am

IM NOT SURE
Sohan t:

May 13, 2010 at 10:16 am

They change large amounts of money at once, and wait for the currency to go up, and trade back. E.G:

I have £10,000 and change all that into Indian rupees. The rupee rate for £1 is 85rupees. So I get 850,000 Indian rupees. So when the rupees go down to say 75 rupees for £1, you swap all your money back, and make a nice little profit.
Eric Gondek:

May 13, 2010 at 10:18 am

You ask a very good question.
1. Forex trading is the direct exchange of one currency for another. For example, if you were to buy the EUR/USD pair you would be buying Euros and Selling Dollars at the current rate.
2. Forex trading is done through a network of banks, investment firms, and large corporations, in other words it is done online. Fore you it is done through a retail forex investment company. That is, someone who is plugged into the network who can offer smaller accounts and combine them for maximum buying power.

That is the very general 2 minute explanation of the Forex market. For more information please don’t hesitate to visit my website at http://www.freedomrocks.com/information that’s / information, call, IM, or email me. I will do what I can to answer your questions.

Eric Gondek
Cell: 651-303-3439
email: forexmn@gmail.com
Yahoo IM: gond00009
Paul U:

May 13, 2010 at 11:03 am

Forex trading is actually the vehicle which facilitates all foreign trade. As international companies, foreign governments and even the international traveler conducts business it is the foreign exchange marketplace that is moving payments from one currency to another.

As a result of this continuous ebb and flow of goods and services currencies of various denominations rise and fall. Other factors that effect the Forex market are geo-political actions, foreign banking intervention (interest rate movements), productivity figures, manufactoring growth and retraction etc. etc. etc.

Until fairly recently, the Forex market was the domain of the big boys….the investment bankers, the international market makers the mega-wealthy investors and the like. You are seeing this current increase of attention being paid to the Forex market due to the fact that the individual investor can now participate in the market for under $1000.

The attractiveness is due to the high rates of return achievable and the fact that daily interest can be generated depending on the specific currency pairs traded and the amount of leverage the investor wishes to utilize. It is quite common for an investor to make a monthly return that exceeds what a bank would pay annually.

It is also quite common for the individual investor to experience large losses if he/she does not know what they are doing.

Send me an email and I would be quite happy to send you areport that does a good job explaining how to best participate in the Forex market.

Cheers,

pupp52@yahoo.com