How Can I Make Money Day Trading Forex?
October 2, 2008
Just like with anything else, you need to buy low and sell high.
The huge potential for profit in the forex market comes from the changes in the currency exchange market.
Contrary to the stock market, no physical shares are purchased (or in this case, no physical purchase of currency occurs), relying on contracts for the amount and exchange rate of currency pairs.
The fantastic thing about day trading forex is that normal daily fluctuations in regular currency exchange markets (often around 1%) are multiplied by 100!
Depending on the forex broker you go with, the range of leverage could be even higher!
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