Forex trader pdf qatar
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You initially purchased Dollars at a certain rate of exchange and during the week that followed, the value of the Dollar went up against the value of the Euro. Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a low rate and sold them back at a higher rate - the aim of any successful trade.
Nowadays, there is no need to go to a bank or post office, or even leave your house for that matter - you can simply trade online using your home computer or mobile phone. As mentioned above, from the palm of your hand you can trade Forex, which includes currencies such as the Dollar or Euro, a variety of Commodities such as Gold or Oil and even major market indices.
You can open a trade by selecting a product, amount and direction, and close it if your trade is in profit at any time you choose. On top of our lower spreads, we take care of our customers by providing them with further spread discount campaigns! However, if you invest with only a small amount, the profit you can make will also be relatively small. When using leverage you can increase your purchasing power and simultaneously increase your profit potential.
Instead of a 5 Euro profit you made when you exchanged your Euros to Dollars and back, you could have made a profit of upto 2, Euros. Please note that while trading with leverage can work in your favor, it can also work against you and cause higher losses. Opening a trade involves three steps: Get the feel of trading with our unique simulator.
You can also learn more about our customizable and advanced trading platforms here. Some people choose a certain investment based on emotions or go according to a recommendation made by a friend.
Others may choose to follow the advice of an investment advisor or make a decision based on their own accord. Whatever you decide to invest in, we strongly advise taking it slowly and cautiously.