What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on January 26, 2015.
Learn more about SpinDistribute Article Distribution System.

Introduction to Forex Trading

Article Category: Finances

Author Name: Korley Tetteh

Forex Trading, or foreign exchange trading, is a currency trading industry dominated by big investors, conglomerates, and speculators. It has been one of the largest financial markets in the world for decades, so it is not surprising that its daily revenue reaches $4 trillion in global trading- many times higher than the $84 billion dollar revenue of the stock market. Basically, forex trading can be done either directly or indirectly.

Many are unconscious of it, but purchasing a product made from another country or taking a trip outside the country is a form of indirect forex trading. You pay using your own currency while the supplier is paid with foreign currency. This means that even a normal individual unconsciously contributes in the growing industry of forex trading. But how can currency trading be a lifelong financial investment?

The basic logic in this kind of trading revolves around the concept of buying and selling. It is the same as buying stocks, computers, bonds, gadgets, cars and any other goods.

For instance, you bought a piece of jewelry worth $25 in 2014 and kept it. After one year, the value of the jewelry went as high as $35, so you decided to sell it. Technically, you gained a $10 profit. This is similar with buying and selling currencies.

Trading in the forex market is always done using a pair of currencies. One currency for buying, and the other for selling. To get a better picture, if you quoted a EURO/USD pair (EURO= base currency and USD = counter currency) and you are optimistic that USD is getting higher in value, you would probably sell your EURO and consequently buy the dollars. If EURO is equivalent to 1.3550 and it falls to 1.2755, you get a profit. Conversely, if it went up to 1.4550, you get a loss. Remember that when selling pair currencies, a lower base currency means greater profit.

What if you do not have real currency on your hands? As a rule of thumb, you can sell any currency available on your trading station. Forex trading allows you to take a risk in the rates of exchange through borrowing. Say for example you borrowed 1000 USD and sold them to another trader in the market to earn its equivalent EURO. If the exchange rate is 1.5022 USD/EURO, you can sell your USD for 1,502.20 EURO. If the USD/EURO exchange rate goes down to 1.4133 after three weeks and you decide to sell your EURO, you would technically be returning the $1000 you borrowed and would have gained in the trade. If the market reverses and the exchange rate goes up, you would end up with a losing trade.

The great shift in forex trading occurred in the advent of internet. Originally, an average person cannot enter into direct trading due to the fact that they cannot trade currency and their function is limited to buying stocks only. However, the internet makes it possible for anybody to make money in the largest financial market within the comfort of their own homes with nothing but a functioning computer, stable internet, and a small trading capital.

Of course, large corporations, wealthy investors, banks, and big insurance companies are trading with large amount of money. This means that they can profit and lose millions in just a minute movement of currency rates. It would be wise for individual traders to find out how to trade in the forex market even with their limited capital. With the right information and advice, it is possible for individual traders to gain handsome profits over the long term.

1 article = 800+ backlinks

ARTICLE DISTRIBUTION

Publish 800+ unique versions of
your article on 800+ websites!

Let us do all the

ARTICLE WRITING

Need lots of keyword optimized
quality articles? Search no more.

We recommend our

COMPLETE SERVICE

We write articles. We distribute
them. You get all the gains!

Have any questions?

Feel free to check out the "Frequently Asked Questions" section, or use the email address below to contact our team. You can also register for free and contact our Support Department. Read more

Why choose

Spin Distribute?

boost your traffic and online income and crush your competitors with our great article distribution system

get more than 800 highly relevant backlinks with each article distribution (from $1.60 per distribution)

try out our "Complete Service" that puts everything on auto-pilot (we write & distribute articles for you)

have us write all the articles for you, so you can focus on your business

get detailed HTML and PDF reports for every article distribution

contact our Support Department and Live Support to get answers

get FREE access to our SEO Tips & Tricks Guide (worth $27 alone!)

join our Affiliate Program and make money with our services