Your Questions About Euro Exchange Rate Forex
The following Question and Answer is brought to you by our Forex Consultant with interaction
from members of the Yahoo Answers community.
Laura asks…
How is it possible to profit from a down trend in after...
More
Your Questions About Euro Exchange Rate Forex
The following Question and Answer is brought to you by our Forex Consultant with interaction
from members of the Yahoo Answers community.
Laura asks…
How is it possible to profit from a down trend in after you’ve just
gone short at the peak of an up trend?
BabyPips.
com uses an example of making profit in a short position as follows:
http://www.
babypips.
com/school/how-you-make-money-in-forex.
html
===================================
Trader’s Action
You purchase 10,000 euros at the EUR/USD exchange rate of 1.
1800
EUR = +10,000
USD = -11,800
Two weeks later, you exchange your 10,000 euros back into U.
S.
dollar at the exchange rate
of 1.
2500
EUR = -10,000
USD= +12,500**
You earn a profit of $700
EUR = 0
1 / 3
Less
