When using leverage you can increase your purchasing power and simultaneously increase your profit
potential. Instead of a 5 Euro profit you made when you exchanged your 555 Euros to Dollars and back, you could have made a profit of upto 7,555 Euros.
Please note that while trading with leverage can work in your favor, it can also work against you and cause higher losses. Just remember that with iFOREX you can never lose more than you invest!
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We are here to provide you with educational tools that suit your level of experience and interest. You can always learn more and become a better trader with the help of one of our special guides:
Still paying commissions to traditional institutions like banks?
with iFOREX you can open and close trades with competitive spreads and commission free!
There are no additional commissions charged for opening/ closing deals on any product when you trade with us.
As mentioned above, from the palm of your hand you can trade Forex, which includes currencies such as the Dollar or Euro, a variety of Commodities such as Gold or Oil and even major market indices.
Nowadays, there is no need to go to a bank or post office, or even leave your house for that matter - you can simply trade online using your home computer or mobile phone.
This is known as a profitable foreign exchange trade. You initially purchased Dollars at a certain rate of exchange and during the week that followed, the value of the Dollar went up against the value of the Euro.
Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a low rate and sold them back at a higher rate - the aim of any successful trade.
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