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Forex Signals Analysis Free Live SignalsHow to trade forexAnalysisSetupsAscending WedgeHead and Shoulders9/309/30 and parallel channelExpanding Triangles2B ReversalBroken Trendline ResistancePrivacy PolicyHow to trade forexHow To Make Money in Forex MarketIn the foreign exchange market , you buy and sell foreign currencies .Setting a trade in the fx market is easy: the tips of a trade are very similar to ones that are shown in some other kinds of markets (such as the stock market), so if you have any past experience in base trading, you will probably be able to manage forex market quite quick.The primary subject of foreign exchange trading is to exchange one currency(for example EUR) for another currency(like USD) in the outlook that the price will update and you’ll get a profit from that change.Example:Trader’s Action EUR USDYou buy 10,000 euros at the EUR/USD exchange rate of1.1900 +10,000 -11,900*Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500 -10,000 +12,500**You earn a profit of $600 0 +700*EUR 10,000 x 1.19 = US $11,800** EUR 10,000 x 1.25 = US $12,500An exchange rate is in fact the ratio of one currency priced versus other currency. For instance, the EUR/USD exchange rate signals how many U.S. dollars can purchase one Euro, or how many Euros you need to buy one U.S. dollar.Reading a Forex QuoteForeign currencies are every time presented in pairs, like GBP/USD or EUR/USD. Foreign currencies are offered in pairs cause you are in fact at the same time purchasing 1 foreign currency and selling another one. You can find a model} of a forex rate for the British pound versus the U.S. dollar:First currency that is located left of the slash (“/”) is the base currency (in this case, the British pound GBP).The foreign currency you come across on the right is recognized as counter or quote currency (in this case, the U.S. dollar USD).In the case you buy, the exchange rate informs you the amount that you need to pay in units of the quote currency so to purchase one unit of the base currency. In this case, you need to spend 1.51258 U.S. dollars to purchase 1 British pound.In cases when selling, the exchange rate informs you the actual number of units of the quote currency you receive for selling one unit of the base currency. In the model above, you will get 1.51258 U.S. dollars when you sell one British pound.The base foreign currency is the “basis” for the buy or the sell. If you purchase EUR/USD this just suggests that you are buying the base currency and at the same time selling the quote foreign currency. In common talk, “buy EUR, sell USD.”You might buy the pair if you think the base currency will gain value when comparing to the quote currency. You will sell the pair if you believe that the base currency will lose value in comparison to the quote currency.:p><�n<�X �sV style=’line-height:normal;mso-layout-grid-align:none; text-autosp
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