{"id":440,"date":"2019-09-16T08:41:14","date_gmt":"2019-09-16T06:41:14","guid":{"rendered":"https:\/\/www.tradinguk.co.uk\/?page_id=440"},"modified":"2020-09-08T14:32:59","modified_gmt":"2020-09-08T12:32:59","slug":"how-to-be-successful-in-forex","status":"publish","type":"page","link":"https:\/\/www.tradinguk.co.uk\/how-to-be-successful-in-forex\/","title":{"rendered":"How to Be Successful In Forex"},"content":{"rendered":"
Forex is the abridged form of Foreign Exchange. It can also be called the currency market. A Forex trader speculates on the exchange rate and this can fluctuate a great deal. If a dollar equals to 80 cents, for example, it means that $100 can be exchanged to $125. If there is a rise in the value of the dollar after about one hour and the exchange rate becomes 85 cents, we can gain up to 106.25 euro if you we decide to change into euros and this gives us a profit of 6.25 euros. Despite the simplicity of the explanation given above, Forex trading is still not for everyone. Bear in mind that the fluctuation in the Forex market depends on big banks and not the private investors like the rest of us. The big banks have the money bags to sway the Forex market in their favor; as a result, the private investors are at their mercies.<\/p>\n