Pros of being a trader in Forex market

A Forex trader buys a currency at a lesser value and sells it off at a higher value. In this process he earns profit. The profit that he earns is far beyond our imagination. Foreign exchange or Forex is the largest business till date. An amount of $1.5 trillion is being traded every day.

An online broker will let a Forex trader open an account with very low amount like $300. This money may not own this money. There is a method called. Using this method a trader may buy till 400 times of the value of the traders account. There are many pairs of currencies that keep changing the value a lot of times in a day. These kinds of currencies are called volatile currencies. Traders take advantage of such currencies and keep on capturing good deals during this change in rate.