In the case of currencies with floating exchange rates, currency traders. Currency is constantly being bought and sold around the world and like any other product, the value is determined by supply and demand. When more people are trying to buy a certain currency, its value goes up, when more people try to sell it,[…]
A lot of people today have a dream to become a millionaire because of media advertising and TV. People see the lives of celebrities and millionaires and they want to have the same lifestyle. The most popular question: can I be a millionaire trading forex?… Yes, you can be a millionaire trading forex but it[…]
How can currency traders at banks make so much money when retail forex traders lose so much money?… Is it due to being better informed by research? Better trading technology? Or something else? The trading of banks and the one from retail investors is diametrically opposed. Traders at banks are no more than market makers.[…]
How do you earn (or lose) money by short selling? What is the mechanism? What other things can you short beside stocks and forex and how do they work?… The ‘pure’ principle behind short-selling is effectively selling an instrument (stock, bond, currency) in advance of having actually bought it. You therefore receive cash upfront for[…]
