|
Internet made a work on the international exchange market "FOREX" accessible for any person anywhere in the world even in a small village in Taiga, in Moscow, New York, Sidney or Jerusalem, let him only have a computer, telephone and Internet. He does not need any permits, licenses, directors or labor markets or anything else… Work for yourself when you are in mood and be free indeed.
Forex is inter-bank financial market that was established in early 1970th when some countries drifted away from fixed currency exchange rates to floating ones, when the exchange rate between two currencies is determined in the most obvious way – exchange goes in the proportion both sides are agreed with. In this way any participant of the market has a right to purchase or sell some amount of a currency for another currency by a floating, current price. This gives vast opportunities for speculations (it is rather honorable economical term) which means performing transactions in different time at different exchange rates for a profit.
Let us give an example of performing transaction. The most common currency pair in calculations is EUR/USD, most of the currency exchange transactions are performed within this pair. Let us guess that 1 Euro currently costs 1.4600 Dollars. To purchase 1000 Euro we have to pay 1460 Dollars. In some time the price for Euro has changed due to some economical and political factors, and now the price is 1.4670. Having sold our 1000 Euro by this price we get 1467 Dollars. As a result of this transaction we have a profit 1467-1460=7 Dollars. The higher is the sum for transaction, the higher is the profit respectively. Exchange rate floating during a day is near to figures in example described above.
 Print version
|
