Forex Trading for Profit
In reality, you are already “trading” on the foreign exchange market. You’re just doing so in a way that handicaps your chances of winning.
See, you already have a job, business or other source of income that is denominated in the currency of the country you live in. If you have a job in the United States, your employer pays you wages in US dollars. When you take those dollars to a store and buy Versace shoes from Italy, you are exchanging them for something that ultimately costs euros to that company. In a sense, you automatically lost on the trade because you let the brand dictate the price to you. If the euro rises in price against the US dollar, the price of the shoes goes up, and you must pay more for the same shoes.
When you become a forex trader, you are consciously deciding to make the differences in currency rates work for you instead of against you. The good news is successful forex traders can make money almost nonstop, virtually on demand. You can afford to buy as many pairs of Italian shoes as you want. Or visit Italy and buy them locally. You can still …