Question: How do I profit from trading on Forex? What tools should I use?
The amount of your profit depends on the efficiency of your trading strategy, on how well you will learn to predict the interest rates changes and to a small extent on the amount of your deposit which allows you to sustain unfavorable situations during market movements.
You only need a computer with internet connection and a free demo account or a funded live account with XM to start.
However, you should be equipped with proper Forex education and tools to minimize risks in the Forex market.
Forex is used for trading currency pairs. Common currency pairs are the Euro/US Dollar, US Dollar/Japanese Yen, Great British Pound/US Dollar, and US Dollar/Canadian Dollar. You buy one currency and automatically sell another.