Forex trading example.

There are numerous books that teach forex trading, but most of them are purely theoretical, covering only the basics of technical or fundamental analysis.

Understanding how trades are executed can only be achieved through a specific, practical example. Of course, you can't expect to become a professional trader after this, but you'll at least have a general understanding of forex trading.

The Forex trading example includes not only the general principles of selling (buying) currency but also a description of the technical aspects of this process.

Now let's move on to the trading example itself.

You've decided to trade the EUR/USD currency pair, have a deposit of $1,500, and have selected leverage of 1:100. Trading is conducted in the standard trader's terminal, which you can download from any dealing center .

1. Launch the trader's terminal, open the EUR/USD chart, and analyze the trend.

The figure clearly shows that the price is rising, meaning we'll make a purchase at $1.3000 per euro for one lot (100,000 euros). Leverage, which increases available funds by 100 times, allows us to make a trade of this size.

2. All that's left to do is wait for the financial result. In our case, the situation develops quite favorably, reaching $1.3300 per euro within a few days.

The financial result of the trade was 300 pips or $3,000, which is a 200% net profit relative to the initial deposit. And this is in just one week of forex trading.

This forex trading example clearly demonstrates how you can make money online trading . Unfortunately, things don't always go so smoothly. Trading is one of the riskiest ways to earn money, and the chances of losing your money are just as high as making a profit.