Well, this is most search query on Google and other search engines across middle east and especially in Dubai. "How to make money online". Well, its not such easier to be accomplished, but fairly depend on money been invested to gain profit. If you thinking to been affiliate, spreading messages for different company promotions in Dubai, believe me its very difficult to earn money.
One best way, for people of Dubai, to earn extra money online is to invest their small portion of savings into online trading. Let say, you may start with $50 account , you may open with any regulated Forex brokers in Dubai. Choose the Forex broker, who gave access not only to Forex market but all capital markets including indices, commodities , oil and Gold trading.
Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
Buying low and selling high or selling high and buying low is the base of making money in Forex. For example If you buy GBP against USD when each GBP is equal to $1.9554USD and then sell it when it is $2.0235USD, you have made a profit. I don’t want to focus on more details in this article and explain how the profits and the money you make are calculated. I will talk about these topics in other articles. In this article we explain about the nature of forex trading in general.
The big question is that how can you find out the best time to buy and how can you predict that if you buy, the price will go up and you will make a profit?
That is a million dollar question.
There are two methods to know the optimum time to buy and sell:
Technical Analysis and Fundamental Analysis