Monday, 4 July 2011
How to be a trader
Being a forex trader or currency no longer means you have to work for a bank in a financial center in the world. These days you can trade your own account, from anywhere.
Since the rise of the Internet many people are doing this of their own homes, to make money in their spare time or even make a full time income. But what is forex trading and how does it work?
trader deals in the currencies. He or she will sell a currency that seems to be declining in value, to buy another appears to be increasing. There are always two currencies involved in a trade (currency pair), because when you want to buy dollars, you must have a different currency exchange for them.
At first, it is better to
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