Monday, July 14, 2008

STRATEGY OF FOREX

This would be unusual because normally the two currencies are almost equal. To use a simple example of a forex trading strategy, a speculator would buy Euros when they were undervalued; let’s say two Euros equaled one US dollar. A common forex trading strategy could involve US dollars and the Euro, the official currency of most European countries. A FX trading strategy is, simply put, a method for using foreign exchange rates of currency from various countries to buy one country’s currency with it is undervalued, and exchange it for another country’s currency with it is undervalued, and exchange it for another country’s currency when it is of normal or higher value, with the difference being profit.
A forex trading strategy can provide profit for a skilled speculator.

1 comment:

Blogger said...

I would suggest that you trade with the #1 Forex broker - eToro.