Interbank Currency Exchange on free courses and prices developed quite rapidly, and more than a dozen years.Start system takes since 1971, when US President Richard Nikson- abandoned the gold standard, allowing a free exchange of the dollar.Formation of the international monetary system actively started with this historic event, the currency gradually drawn into the game more and more participants.Now the market captures all the countries of the world and many world currencies, which are quoted there as the main types of values.
about what is forex, we can argue endlessly, but the whole principle of this system for the person who wants to make money, is the simple principle of "buy as cheaply as possible - to sell more expensive."Standard principle of doing trade agreements and deeds, but not only in the currency and in any world trade.We need to find the lowest possible rate, to buy a certain amount of currency, and then resell at a higher cost.
difference in profit is the ultimate proceeds.It is only natural that a large number of participants of the market will not remain permanently in profit.To earn one person, somebody else has to suffer a loss, which is quite natural in the framework of the economic situation of the planet.Traders (namely the so-called people who make a difference in exchange rates) work exclusively on themselves, and themselves take full responsibility for all risks.Since the exchange rate is at a big extent unpredictable to forecast its movement is 100 percent no one can, all the analytical models and forecasts are based solely on all the previous estimates.
Through companies such as Alfa-Forex, it is possible to minimize the risks by mediation.Trader exhibiting a demo account, which can be used immediately to start gambling.In addition, as part of the system need not be just a trader, as investors have recently earned no less.It all comes down to the need to invest in successful traders to obtain high interest income.No one can guarantee the complete absence of any risk, but they will always be lower if the control account would be sufficiently experienced player.
