Lets say it is February 2010 and I had $2,000 to invest. Lets assume I wanted to buy silver which costs $15.50/oz. I could buy 2,000 / 15.5 = 129 oz of silver with my own money, but in Forex.com with a 100:1 leverage, I buy 129 * 100 = 12,900 ounces of silver.
Lets say I waited until December of 2010 until I wanted to sell my silver. Now the price of 1 ounce is $30. So I sell my 12,900 ounces for $387,000. And get 387,000 - 2,000 = $385,000 profit.
Is it really this easy to become rich or am I missing something?
…and vise-versa?
What will be the amount of new money the banking system can create as a result of the deposit. Please show work
How long would it usually take in an average market to open a trade that size, from the time you press the button to open the position until the confirmation of the opened position? I just want to know if it would take milliseconds, or seconds, or minutes. I am referring on opening a position at the most active hours of forex (13:00 GMT to 16:00 GMT) between the overlap of london and new york. One last thing, i am not a billionaire, i am just asking this question for information purposes, and i would like to get serious answers please.
Thank you!!
1) Since when did people trade forex for profit or since when was forex traded ??
2) Could you tell me a brief history of forex trading ??
3) Will forex trading continue to exist in the future ??
4) Is forex trading to get some profits basically legal and not forbidden by state ??
I am shopping online at H&M and i need to know what country’s currency is going to make me pay less with my united states currency
these are the country’s:
Australia
Finland
Denmark
Germany
Holland
Sweden
Germany
Norway
Swedish Finland
United kingdom
Can you make consecutive long forex trades as long as the price keeps going up? What are the pros and cons? Is it better to trade long then short etc?