How forex works
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Like any other form of trading, in foreign exchange trading, the price of a currency depends on demand and supply.To describe the whole process, we will consider the example of British Pound to US Dollar. Imagine that you purchased 1000 British Pounds on the first day of January in 2013 for 1552 US dollars. Now, if you are ending your trade on the first of January 2014, the value of the 1000 pounds you bought would have become 1596 US dollars. That means you made a profit of 44 dollars in that trade. This is simply how the market works. When you start trading, you would understand better. Success.