The above describes the procedure for conducting operations in the Forex market. From a technical point of view, everything is very simple. The purpose of the operations is also simple: buy cheaper, sell more expensive. However, the main task of the trader - making the right trading decisions, is not so simple and requires certain knowledge.

There are various methods for analyzing the market and making trading decisions, but all of them are mainly based on two approaches. A fundamental analysis is an analysis of the economic and political condition of countries with the goal of predicting whether a currency will become more expensive or cheaper. Technical analysis is an analysis of graphs of changes in exchange rates and is based on the assumption that the future direction of the movement of the rate can be predicted by studying its past change.

Considering how to learn how to make money in the Forex market is beyond the scope of this article. A lot of books have been written on this subject, from which you can start reading. On the Forexite website, we recommend that you study the Beginners section on Forex: Profession Trader, Trading Basics, Why Exchange Rates Move, Methods of Market Analysis, Tips for Traders.

We also recommend opening a virtual account (or a real account for a small amount) and begin to master trading in practice. In the process of educational trading and studying literature, you should choose the appropriate trading method or develop your own. Training can take from several months to several years.

Everyone can become a Forex trader, but to achieve great success in trading, as in any business, you need to work hard. Working in the Forex market requires attention, self-possession, the ability to quickly analyze the situation and make decisions. In return, it gives freedom and potentially unlimited income.