How can you make money with foreign exchange transactions?
- 7월 20, 2017
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How can you make money with foreign exchange transactions?
Unlike other financial investment products, exchange rate fluctuations are very large in foreign exchange transactions. Changes in stocks for a month may change in a day in the foreign exchange market.
Because the exchange rate has only to rise or fall, the base for making profits from foreign exchange transactions is to buy cheap and buy and sell it at a high price.
The exchange rate fluctuates by 30 ~ 100pip per day usually. If the position you set is consistently profitable or you are likely to make up for the loss, you should keep your position until the appropriate time, but in the other case, it is better to order the stock cut-off in advance.
With leverage, you can make a big profit with a small amount. Leverage is a method of borrowing additional funds from your own capital to earn more than your investment. You can make a big profit, but you may be greedy and you can get a big loss.
The key to foreign exchange trading is to understand the exchange rate and to understand the structure of the foreign exchange market. How to calmly create your own trading plan is a way to generate revenue.
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