I am totally new when it comes to stocks, forex trading and everything. However I have simple basic bare bone question.
I'am looking at Crude Oil on the forex market, I mean the price jumps are so frequent and so often. I mean this morning its selling for $43.93 a unit and then it becomes $44.52 within a hour.
So my question is if this is the case, cant a person just be say buying 200 or 300 units and just buying them and selling them when the profit hits 59 cents like above? Is it that easy to make money on forex market or am I missing somthing?
I mean at 59 cent profit a sale x 200 isnt that like $118 in a hour?
Thanks, any help and advice would really be appreciated.
I'am looking at Crude Oil on the forex market, I mean the price jumps are so frequent and so often. I mean this morning its selling for $43.93 a unit and then it becomes $44.52 within a hour.
So my question is if this is the case, cant a person just be say buying 200 or 300 units and just buying them and selling them when the profit hits 59 cents like above? Is it that easy to make money on forex market or am I missing somthing?
I mean at 59 cent profit a sale x 200 isnt that like $118 in a hour?
Thanks, any help and advice would really be appreciated.