travel to a foreign country

if you have ever travel to a foreign
country you may have needed to exchange
your money if so you’ve already
participated in forex trading Forex is
the short form of foreign exchange well
Forex is a bit more than that
for example companies buy goods from
other countries in order to buy them
they need to obtain the local currency
first just like us when going on holiday
the difference is they will exchange
huge amounts when these companies
exchange these huge amounts they will
actually move the price because the
demand for the currency that they need
increases when the demand increases the
price increases with all this exchanging.

going on around the world the exchange
rates constantly move this is how it
works when currencies are exchanged they
have a certain price the exchange rate
as in any market the price of a currency
is determined by the law of supply and
demand if there are many people or
companies that want to change euros into
dollars the price of the dollar will
rise against the euro and so the
exchange rate will change let’s use an
everyday example to explain how you can
actually profit from this say you live
in Europe and went on holiday to the
United States let’s say that you changed
your 500 euros into US dollars at the
rate of 1 point 4 dollars for every euro
you got 700 US dollars but you do not
spend any money at all so you still have
700 dollars after you come back after
the exchange rate move from one point
four to one point three instead of
getting just 500 euros back you actually
get five hundred and thirty eight and a
half euros you have gained thirty eight
and a half heroes simply from holding
your money and dollars while the
exchange rate changed this is
essentially how we trade in the forex
market we buy a certain amount of a
currency hold on to it whilst the
exchange rate moves then change it back
making money along the way how to decide
when the right time to buy
CEL is exactly what we teach you
throughout the rest of our learning
lessons as you can imagine traveling a
lot and saving a touch of cash on your
holiday budget and then exchanging it
it’s not really a practical approach to
trading currencies fortunately there is
an easier way to do this you can trade
currency through online exchange offices
called brokers what this means is that
you can exchange currencies online
throughout the day and take advantage of
the constantly fluctuating exchange
rates just as in the example of when you
went on holiday you combine different
currencies and make a profit
as the exchange rates change this is
trading the forex market trading Forex
online with a broker has many benefits
you can trade Forex from your home or
anywhere that you have an internet
connection the forex market never sleeps
it is open 24 hours each day five days a
week and so can suit your daily routine
you do not need an enormous budget to urge
started as little as a hundred and fifty
dollars is enough to begin trading and
building your account over time of
course it will require some learning
until you get there but this is exactly
what trade MO is here for to assist you
learn how to trade in a way that can
suit your individual lifestyle and to
help you navigate your way through the
forex market.