The world of trading
and investment can be as frustrating as it can be rewarding! And Forex (Foreign
Exchange) is no exception — often described as risky, profitable and
complicated.
Forex is the largest trading market in the world.
Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world.
It boasts a daily volume of more than $5.3 trillion (as of April 2013).
Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
With broker rating and reviews system, you can choose the one that fits your needs.
Forex is the worldwide market for buying and selling currencies.
These markets were developed to cater for the supply and demand of different currencies by governments, companies and individuals — for international trade and assisting importers and exporters.
Therefore those who trade in this market include consumers, businesses, investors, speculators and the banking industry.
Different countries use different currencies — which vary in their values against each other.
Forex trading invovles the buying and selling of two currencies — trading pairs — you are selling one and buying another e.g. you may use the US dollar to purchase British pounds —
if the supply of the pound lessens — it will cost more dollars to buy pounds — the Forex trader hopes to sell their pounds at a higher price than the purchase price.
A speculator in Forex is someone who accepts the possibility of adverse exchange-rate movements in the hope of making a profit from favourable movements in currency.
As a speculator you should always start trading with a small amount and have a trading system — which tells you when to get in and out of the market.
It is a favourite option for currency traders as you can trade the Forex market 24 hours per day and the transaction costs are minimal.
This market — because of its sheer size — is hard to be manipulated — which stocks can be — it is more likely to be influenced by global news or events.
Hence, the opportunity for 'insider trading' is eliminated.
However — beware -Forex brokers estimate that 75 to 80% of traders lose their money; 5 to 7% break even and only 5 to 10% achieve profitable results!
FX trading can yield high profits but is also a very risky endeavor.
Everyone can participate in foreign exchange trading via the Forex brokers.
Forex is the largest trading market in the world.
Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world.
It boasts a daily volume of more than $5.3 trillion (as of April 2013).
Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
Forex is the worldwide market for buying and selling currencies.
These markets were developed to cater for the supply and demand of different currencies by governments, companies and individuals — for international trade and assisting importers and exporters.
Therefore those who trade in this market include consumers, businesses, investors, speculators and the banking industry.
Different countries use different currencies — which vary in their values against each other.
Forex trading invovles the buying and selling of two currencies — trading pairs — you are selling one and buying another e.g. you may use the US dollar to purchase British pounds —
if the supply of the pound lessens — it will cost more dollars to buy pounds — the Forex trader hopes to sell their pounds at a higher price than the purchase price.
A speculator in Forex is someone who accepts the possibility of adverse exchange-rate movements in the hope of making a profit from favourable movements in currency.
As a speculator you should always start trading with a small amount and have a trading system — which tells you when to get in and out of the market.
It is a favourite option for currency traders as you can trade the Forex market 24 hours per day and the transaction costs are minimal.
This market — because of its sheer size — is hard to be manipulated — which stocks can be — it is more likely to be influenced by global news or events.
Hence, the opportunity for 'insider trading' is eliminated.
However — beware -Forex brokers estimate that 75 to 80% of traders lose their money; 5 to 7% break even and only 5 to 10% achieve profitable results!
FX trading can yield high profits but is also a very risky endeavor.
Everyone can participate in foreign exchange trading via the Forex brokers.
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