How do I acutally make money trading forex?

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Forex follows the regualar mantra of business: you need to buy low and sell high to make money.

The amazing chance to make huge profits in the forex market come from the daily fluctuations in the currency exchange market.

As opposed to the stock market, no physical goods are purchased. So you aren’t ever buying physical currency, but are relying on contracts for the amount and exchange rate of currency pairs.

This potiential in day trading forex is that the every day changes in regular currency exchange markets (which hover close to 1%) are multiplied by 100!

Different forex brokers have different leverage ranges, so the leverage factor could be even higher!