ⓘATTENTION !!! Before you want to gain profits in forex income, it is very important to learn A BASiC before you going to spend hundreds or thousands of Dollars for:
- FOREX-class: payment, mostly fees are often expensive. (Needless to say, after end of the class session – we can still find trader(s) give-up, frequent loss in trade & etc.*Most Forex Broker provided learning module in their website for traders.
- FOREX EBOOK : mostly contents are COPIED from google page, yahoo..etc and then sell it to you or …
- Deposit into REAL ACCOUNT without or with a little knowledge & start trading with the real money before gone through “Back-test” via ⓘDEMO account.
THE SIMPLE METHOD OF EARNING FOREX INCOME.
Foreign exchange known as ⓘFOREX. lets see a simple example below to understand how Forex can generate online income:
STEP ONE :
Choosing the right, secure and regulated ⓘForex brokerage with a good reputation.
Choose ⓘCurrency Pairs for trading analysis market price movement. Let take an example: EURUSD
CURRENCY PAIR ANALYSIS CHARACTERiSTiC.
Action : BUY [mean buying EUR while selling USD]
Action : SELL [mean selling EUR while buying USD]Tend UP : mean, price strength on BASE (e.g EUR), while QUOTE (e.g USD) price weak.Tend Down : mean, price weak on BASE (e.g EUR), while QUOTE (e.g USD) price strength.
If, chart movement Analysis shows it UPtrend. The position to be taken are BUY LONG, it means;
• PROFIT : when price move UP
• LOSS : when price drop DOWN.
If, chart movement Analysis shows it DOWNtrend. The position to be taken are SELL SHORT means;
• PROFIT : when price drop DOWN
• LOSS : when price move UP.
“Wisely in ‘taking a chance” and ‘risk off’ is a key element of Forex’s business. Once you understand the basics, it is very easy for you to find an approach.”
Through the FOREX ⓘPLATFORM, traders can see details of Trading Accounts: transaction history (profit & loss), margin, balance and so on. Learn further on article Generate Lucrative Online Income in FOREX Trading.
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