Simple Guide on ‘Forex Trading’ for Beginners

Forex trading is typically done through the broker or market maker. Being a forex trader you can also choose the currency pair that you expect to change in the value and place the trade accordingly. For example, if I had purchased 1000 Euros in January of 2006, it would have cost me around $1200 USD. Through-out 2006 the Euro’s value vs the U.S. Dollar’s value increased. At end of the year, 1000 Euros was worth $1300 U.S. Dollars. If we had chosen to end our trade at that condition, we would have a $100 profit.