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1205, this would be a change of five pips. Should that day come to you, making 1 million dollars in forex profits in a year or even on month should not be a very hard goal at all because you are nearly there. Trail your stop losses when the prices have moved in the right direction to cut loss when the price reverses. This forum was established to help traders especially futures traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading. Those who are concerned to know about a range of monetary products such as stocks, futures and foreign exchange can gain straightforwardly. This Wiki page was created to help you to find quick and adequate answers to your questions.

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There are a variety of factors at play in this relationship and they all contribute in some way to whether the strength of a currency declines or improves in relation to another.

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Also, i earn part time from forex and after my collages i may become big investor and earn living from forex too.

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Therefore one must know that transferring your money to a forex trading account with a broker abroad is violation of Foreign Exchange Management Act FEMA, 1999 and may cause legal action against you.

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In comparison, the currency futures market is a mere one percent the size of the FOREX market.