In addition to these main pairs, there are a number of exotic options, usually with currencies of underdevelop countries or countries with small GDPs:
Exotic trading pairs are rarely trad and therefore brokers quote them with high spreads.
How to become a big Forex player with $1000? Details on margin trading!
As already mention, earnings from speculative trading are bas on the difference in exchange rates at the time of purchase and sale.
Currency rates fluctuate within small limits
the difference between the daily maximum and minimum is on average 0.5-1%, rarely more (fluctuations of 10% and even more occur, but this is rare, caus by global geopolitical events or instability of the economy of an individual state).
So what profit can you expect for a day of trading with a capital of, say, 10,000 rubles? Let’s look at an example of trading the EURUSD currency pair, without taking into account the spread. The chart shows the opening and closing moments of a deal lasting 8 days with arrows. Prices are shown on the vertical axis on the right:
In this case, the purchase price of the currency
Pair is 1.1142, which means that 1 euro was worth 1.1142 dollars.
Let’s assume that a trader enter america phone number list the market with $150 (roughly speaking, 10,000 rubles, but usually a broker opens an account in dollars) and bought euros with them in an amount determin by the purchase price at the time the transaction was open: $150 / 1.1142 = €134.62574.
When he wait for the frequently traded quotes to change by 2% upwards and carri out the reverse operation, he earn on the difference in the purchase/sale rates: (134.62574 € * 1.13618) $ – 150 $ = 2.95880 $.
Yes, a profit of $3 is not impressive as a result of a whole day of trading
Speculative frequently whatsapp in internal communicationwants traded play on Forex is somewhat more complicat, because traders afb directory do not conduct conversion operations (a one-time exchange of one currency for another), but deposit-crit operations (extend in time, having an opening and closing date, but most importantly – secur by a loan).
