Forex, Learn about Robot Forex Trading

Learn about Robot Forex | Forex Trading

This is called Forex, in Addition to FX Market and Currency Market. When we state the market, we suddenly remember the "honest", right? You men say how folks make money on the sector and say, "Sell goods." What could you say? No, I'll let you know the answer. Forex Market earns money "selling money". You look at what type of aberration. Do not worry, I'll explain.

Forex is derived by including a combo of Foreign and Exchange. Maybe you've got a little idea. Until then, continue reading. We had been the first to state how people earned money . They have to get goods and sell them at higher prices if they want to make profits. And roughly their profit goes,

Gain = Buy price - Sell price

Ex-

Let's see how this notion applies to Forex. Have you ever been to a foreign nation? Or have your friend or relative ? It is but one of those tasks that somebody has to do to change our money for the money in the relevant country. As an instance, if a person goes to USA, they must be converted into Sri Lankan rupees ($ US dollars). (Otherwise, it is over.) Folks do this through a money exchange or through a bank.

It's only that you shifted your money that you made a Forex trade unknowingly. But we do it not for a gain, that we're not getting that metric. Let us look at an example. We are planning go on USA. We want US $ 1000 for this. We request the lender rupees to get US $ 1,000 so that the bank will have the ability to look at the exchange rate and we'll need US $ 1000 to buy it.

You already know that Exchange rates will change daily (in actuality, this day, the Exchange rates will change in minutes, you will soon know this). Now, let's say that today's US $ to Sri Lankan Rupees Exchange rate is 110.53, So, how many rupees to get US $ 1000?

US $ to Sri Lanka Rupees Exchange rate: 110.53

Required US $ = US $ 1000

The amount required to purchase US $ 1000 is Rs. 110.53 X 1000

= 110,530 / =

Now we have taken Rs 110,530 for us US $ 1000. We'll come back to Sri Lanka about six months afterwards. Somehow, we've earned about US $ 1,000 in the same month that we have six months ago (do not ask how to). As soon as we come to Sri Lanka we visit the lender and inquire just how much the US dollar is to get the Sri Lankan rupee exchange rate, and the bank says today is rate 112.72. Now, let us see just how many rupees will be found in our US $ 1000.

US $ = US $ 1000

The sum we receive is 112.72 X 1000

= Rupee 112,720 / =

Let's see if we have any benefit now? Or just a waste? That.

We spent US $ 1000 on = Rs. 110.530

We obtained US $ 1000 = Rs. 112,720

We first discovered that "profit = the price of the purchased cost", then let us see whether there is a reduction and a profit.

2,190

We see that we have a gain of Rs 2,190. But we made this deal more than simply to get a profit (that is, get USA to get the money and get a rupee when returning to Sri Lanka). But there are. It means that when one currency is paid, the speed increases, and the men and women who purchase it turned into profitable. That's what's on Forex Market. Now you realize make money and how to earn money. The story isn't over here, it is really the story from here.

You might have thought that this could not be cash for cash. Because we spent 110,530 rupees, but only desired 2,190 rupees. But the Spot Forex we are learning is considerably different (not too far, a little bit). This is because it has a word which has Leverage, and most are coming into the Forex. There are not leverage, but a lot of other words are Pips, Lots, Mini-lots, Micro-lots, Margins. Let's get this by the lesson.