More than 12 million Brits will travel abroad this year and we’re all familiar with exchanging our money. Electronic boards at the airport show terms like GBP/USD, EUR/USD, JPY/USD, these are called currency pairs.
Smart regular travelers often keep tabs on the market and exchange their money at the right time to make small profits…Here’s a quick example:
Let’s say the USD / EUR pair ratio is 1,5 that means you need 1,5 USD to buy 1 EUR. If you travel to Europe and arrive with 1,500 USD, at the time of the change you will end up with 1,000 EUR.
If during the trip you do not spend the 1,000 EUR and the price of this currency goes up to 2,0, by the time you travel back to the US when you exchange your Euros back to dollars, you will receive 2,000 instead of the initial 1,500.
If you want to learn more about trading terms like this and more, why not come along to one of our free trading workshops?
WHY TRADE FOREX
1. Generate a primary or secondary income, tax free
2. Trade anytime and anywhere
3. Trade as little as 30 minutes a day
4. No qualifications necessary
5. Easy to get started with minimal investment
6. Risk only 2%
Our team of professionals can put you in the right direction of becoming a smart trader with a helpful second income.Our coaching provides beginners with proven rules of engagement, a solid grounding in money management and good mental training, all of which are applied easily and effectively in a live trading environment.
Create a trading plan tailored to suit your lifestyle, trading personality and your specific money making goal. Then obtain a higher level of trading knowledge and excellence that will enable you to tap into the unlimited earning potential.
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