Middle Capital Level-Passive Income-Forex accounts

Forex? Forex as an investment!!$$$

Forex stands for foreign exchange. It is about trading currencies where the basic premise is profit is made when you buy currencies (say the JY, GBP, USD) and sell it when the exchange rate changes such that your currency is worth more.( for example, if you use Euros to buy 5000 USD at a exchange rate 1.4500 USD to 1 euro and sell when the exchange rate is 1.4600, you get back more Euros. Another key thing about Forex trade is that they practice leverage (ranging from 100 to 1000 to 1), allowing you to magnify your capital, and thus your profits and losses (which is highly dangerous).

Thus, this puts forex in the category of middle capital and risky. This means that you must be prepared to suffer a loss or even potentially a wipe out in your capital. Hence, the term risk capital is used. It is capital that you are willing to lose.

That settled, the truth about forex is that experienced and tech-savvy traders have been known to get up to 1000% on their capital in 1 month on the upside. Needless, the downside is your account being closed automatically when you have insufficient capital (called margin) to maintain your account (i.eL your capital being wiped out to at least less than 60%)

Hence, proceed with this awareness.

Click below to find out more

1. How to learn more about forex
2. Get an account! Practice forex for free
3. Why you should apply for a managed account