Money Trading
95% of traders will lose all their money
in the first three months of activity.
Money trading rule number one - never invest money you need to live! Invest only an amount of money you can consider to lose without losing the right to dwell and eat every day.
Money trading is a speculative process - you are betting that the value of one currency will increase relative to another.
There is an old money market saying, that when you give your money to an expert to manage, the expert ends up with your money and you end up being the expert. That's why we should manage our money ourselves. But, the financial world is complex and often misunderstood. Before we can start with money trading it is essential to know what and who we are dealing with. XE Trade.
Money is traded and priced in pairs. In a currency quote GBP/USD pair of 1.6358 the base currency is the pound sterling and the US dollar is the quote currency. In all currency quote cases, the base currency is worth one unit, and the quoted currency is the amount of currency that one unit of the base currency can buy. So, in this example, one British pound can buy 1.6358 US dollars. Remember, you will never trade a single currency, there will always be two currencies involved in a trade! How do you make money trading money?
Currency trading has many very real benefits over equity trading like the stock exchange. Money trading secret - never invest money you need to live. Trade global markets. Low-cost forex trading.