How to make money on forex market?

In order to make money on the forex market you have to buy low and sell high!

let's have a look at the example:

How much money can you theoretically make by trading currencies?

let's assume that you have 1 000 US dollars on your trading account.The current exchange rate of Euro versus the US dollar is 1.25. In other words, for 1 Euro you get $1 and 25 cents. If you predict that the Euro would rise versus the US dollar. Based on this forecast you buy 800 Euros for your 1 000 dollars .Your forecast is correct ! Euro rises from 1.25 to $1.26. Being in profit you decide to close the trade and exchange 800 Euros back to 1,008 dollars In effect, your profit from this trade is $8.

You raise a fair question :would it be possible to increase profits?

In order to maximize your profit potential you can use leverage. leverage is a loan.EXNESS provides you to trade Forex. EXNESS leverage is 1:2000. The size of the loan can differ but EXNESS provides you with up to 2000 times more funds than your initial capital,which also increases your profit potential 2000 times.

Increased leverage means not only more profit potential but also more risks!

managing your risks is very important!

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