Making a profit on the Forex market

Obviously, you are in Forex trading in order to make a profit!

The simplest way to look at it is, that you enter the market as EITHER a "buy position", or "going long" or in a "long trade"
OR a "sell position", or "going short", or in a "short trade".

For instance, suppose you have been using Technical Analysis and/or Fundamental Analysis to conclude that the Euro is going to rise against the US dollar. So you want to BUY the EUR/USD pair - that means, you simultaneously buy euros, which in this pair are the base currency, and sell dollars. So when you enter the market, you may see that the pair is trading at:
EUR/USD: 1.4322/25
The price to the left of the stroke is the "bid price" - what you obtain in USD when you sell one Euro. The sum to the right of the stroke is the "ask price" - what you pay in USD if you buy Euro.

As you have concluded that the Euro is going to go higher against the dollar, you want to enter a BUY Position or a LONG TRADE. Suppose you buy one lot at 1.4325. Assuming you are right and the price goes higher, you can sell it back at a higher price and bingo! you've made a profit!

Tomorrow we will do an illustration of a "sell position" or a "short trade". But I hope you are beginning to see that there is absolutely no reason why you can't make money in Forex trading. If you are using a well-organized trading platform like Easy-Forex, you can start making simple trades straight away, with full personal advice and guidance - and you'll very quickly find out how exciting it is!
Find out more at http://www.bizwrite.co.uk/Forex/forexindex.html