How does a person make money in Forex trading?
You make money exactly like how you make money on your currency exchange when you go on a holiday. For example, you just returned from a two week holiday in California, and now you want to convert your unused US dollars back to Singapore dollars. Your immediate desire would be a stronger US dollar; and that is exactly how the process works as well, in the spot forex market. How much capital do I need to start trading Forex? There are two ways to do this. You can start with a demo account or trade with a live account. Personally, I recommend that you start with a small live account. Most people tend to be unrealistically brave while trading a demo account. For your live account, you can start with as little as $10, without taking any leverage. Your profits would be small, but your losses would also be small as you practice. What currencies do you trade? We trade 10 of the major pairs because they are liquid and more predictable than the exotic pairs. Nonetheless, I specifically trade th
