How to make deals

Few people know that you can earn on the difference in exchange rates without leaving your home. Such opportunities are provided by the Forex currency market. However, currency trading is not for the faint of heart; moreover, making transactions with the currency requires certain knowledge, skills and self-discipline.

You will need

Contract with a brokerage company, free cash, software, a computer with Internet access, professional knowledge

Instruction manual

1

The structure of the interbank Forex currency market is a collection of buyers and sellers of various types of currencies scattered around the world. The largest participants in this market include large banks, investment companies, pension funds. They are called operators.

2

Market operators exchange currencies among themselves, making so-called transactions. The minimum value of a transaction for the sale of currencies is approximately one million US dollars. Today, no one changes such amounts of funds in cash, the operators are connected among themselves by a special network that allows you to make transactions with currency almost instantly. However, the physical movement of money does not occur.

3

A small investor, a simple individual like you and I cannot get into such a market. However, this does not mean that the opportunity to join the financial alchemy is not for you. There are intermediary structures for this.

4

Intermediaries are brokerage companies that, on the one hand, are customers of market operators (banks), and on the other hand, provide small investors with the opportunity to buy and sell currencies in relatively small lots (contracts). Thus, in order to carry out financial transactions, it is sufficient for an individual to have an amount of several tens or hundreds of thousands of US dollars.

5

So, you conducted an analysis of the brokerage services market. If your knowledge in this area is insufficient, contact your financial advisor for help. Now you should conclude an agreement with the broker to provide access to transactions in the foreign exchange market.

6

Before you take this crucial step, understand that you are entering an unpredictable world of investing in order to make a profit. This world provides an opportunity for a potentially unlimited income, which is accompanied by an equally unlimited risk of losing all your investments. The sooner you part with thoughts about easy money, the better for your wallet.

7

Making transactions in the foreign exchange market is an explosive mixture of special knowledge, skills of analyzing the market situation and elements of art. Having decided to become a currency trader, invest your time and part of your money in financial education. It will certainly pay off and allow you to avoid unnecessary disappointments in the first stage.

8

But the training took place, the contract with the broker was signed. Open an account with a brokerage company of your choice. Keep in mind that the market of brokerage services today is filled not only with reliable and reputable professionals. There are also dubious "kitchen" brokerage houses that attract potential customers with low commission and scanty amounts of investment. The most reliable choice is a reputable bank that has a license to conduct currency transactions in the Forex market.

9

To make currency transactions, you will need to download and install a trading platform - specialized software connected to the services of a brokerage company. At the same time, you can make transactions with one click of the mouse, having previously selected and set the required parameters. Some terminals have a special built-in software environment that allows you to automate trading by creating trading robots that take on the chores of transactions.

10

Trading terminals differ from each other externally and functionally, but this does not change the essence of the method of making profit: you need to buy one currency relative to another at the lowest possible price, and after a while sell at the highest. The difference (minus commissions and taxes) will make your profit.

eleven

The technical details of foreign currency transactions are outside the scope of this article and require separate consideration. Arm yourself with patience, train your skills in managing psychological factors - and over time you can proudly call yourself a professional in currency trading.

How to make transactions in the Forex market