The price changes for the forex market are in “pips” which is the atomic unit of price change. For EURUSD, each pip is worth $10 on a 100,000 unit lot. Buying 100,000 euros and then waiting for the price to change by the average amount (50-120, we’ll assume 100 pips) means that you have earned $1000 USD. (I skipped some math steps for simplicity, see babypips.com if you want all of the math explained.)

As you can see, the brick and mortar banks charge many times more in conversion fees than you can realistically make in a day. If you use the same bank, but go through their forex division you can open a trading account and make money. UBS, Saxo, Man Financial, JP Morgan, even Bank of America all have forex divisions. There are many more ‘retail scale’ trading brokers that provide charting applications, leverage of 100:1 and up (so you can trade a full 100k lot on $5000), etc. Some of them also allow lot sizes as small as 1000 units, allowing you to gain or loose as little as $0.10 per pip. Leverage doesn’t cost anything, but you are responsible for the entire gain or loss for your trades. Start with a free demo, everyone has them.

In terms of “manipulating” currency exchange, you would need to have a daily trading volume of over 100 billion units (1,000,000 lots) to make even a small impact in the larger trade volume. The larger trading pools like ECN see 1000-3000 lots traded every 1-5 seconds, 24 hours a day 5.5 days per week. daraknor1

wish it will help you. guangfahang x