If you have learned forex online currency trading, then you know the basis principle of forex currency trading is actually pretty simple. Making money through foreign exchange could be as easy as buying one currency for a cheaper rate and selling it at a more expensive rate. I could buy Euros at a rate of 1.5 USD per Euro, and sell them at 1.52 USD per Euro. This would enable me to earn 2 cents per Euro I sell. It's usually the money changers who make money this way, but speculators and traders also make money using this method.
Speculators and traders usually preempt or predict market fluctuations and trade currency accordingly. For instance, if a speculator has inside information that demand for a certain currency will increase in the next few weeks, he can infer that the increased demand might strengthen that currency. So the speculator buys up a lot of that currency before the exchange rate increases. When the exchange rate has increased to a level where the speculator feels he can maximize his gain, he may opt to sell the currency he has in reserve and make a profit out of it.
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