Forex Pro SL

In the previous lesson, we talked about holding US dollars and selling them when the dollar rate goes up. In this example, two currencies were used, US dollars and the Srilankan rupees. In the forex market, the US dollar is known as the USD. Also, Srilankan Rupees know as LKR. From here on, I call the currency their short names. The main thing you need to understand here is that in a Forex trade, two currencies are always used. And the rate is shown as follows. USD / LKR = 170.87 This means to buy USD 1 you need 170.87 Srilankan rupees. Now that if you know the rates of both currencies, you can be able to make any calculation between them. Consider an example. USD / LKR = 109.15 How many dollars can you get for 250000 LKR? Make sure you slove this calculation before looking at the answer. USD Amount = 250000 / 109.15 = 2290.43 $ Now think how much rupees you can buy for $ 1340? LKR Number = 1340 * 109.15 = LKR 146261 I hope you are clear on this.

These days a lot of people have to stay at home because of corona issue. So people are interested in making money from the internet. So I thought I'd talk a little bit about forex. What's this forex? Forex is a high-profitable and high-risk financial investment method. Therefore, it is very important to get a good understanding of the basics here. This is called the forex market. It's like the share market, the stock market. It is also called the fx market and the currency market. When we say market, we are reminded of the market, the supermarket. If I ask you how people make money in the market, your answer is that they sell goods. So how to make money in the forex market? Let me tell you the answer. We are Sell ​​money to make money in the forex market. The word Forex is made up of the two words of foreign, exchange and shortened. Maybe now you have a little idea about how to sell money at the forex market. We first talked about how people at the market want