In the forex market, you buy or sell currencies.
You purchase 100 euros at the EUR/USD exchange rate of 1.1800 = 100 * 1.18 = 118
After a week you exchange your 100 euros back into U.S. dollar at the exchange rate of 1.2500 = 100 * 1.25 = 125
Your profit is 7 $
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment