Forex trading example.

There are a lot of books that teach Forex trading, but most of them are devoted to bare theory, covering only the basic points of technical or fundamental analysis.

You can only understand how transactions are carried out using a specific practical example. Of course, you cannot expect that after this you will not become a professional trader, but at least you will have a general understanding of trading in the foreign exchange market.

An example of Forex trading 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 have decided to work with the EUR/USD currency pair, you have an amount of $1,500 on deposit, the selected leverage is 1:100, trading is carried out in a standard trader’s terminal, which you can download at any dealing center .

1. Launch the trader’s terminal, open the chart of the EUR/USD currency pair and analyze the trend.

The figure clearly shows that the price is rising, which means we are making a purchase at a price of 1.3000 dollars per euro in the amount of one lot (100,000 euros).

We are able to conclude a deal of this size using leverage, which increases the available funds by 100 times. 2. Then all that remains is to wait for the financial result; in our case, the situation is developing quite successfully and after a few days it reaches the level of 1.3300 dollars per 1 euro.

The financial result of the transaction was 300 points or 3,000 US dollars, which is 200% of the net profit in relation to the initial deposit.

And this is just in a week of Forex trading. This example of Forex trading clearly shows how you can make money online trading , unfortunately, not everything always goes so smoothly, trading is one of the most risky ways to make money, the chances of losing your money here are just as great as making a profit.