Friday, April 18, 2008
Forex? What is it, anyway
The marketThe currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.How does one profit in Forex?Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.How do I start?Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).How do I trade Forex?You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the "margin" (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).Before you finally activate the deal, you can still "freeze" it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The "freeze" feature is a unique service by Easy-Forex™.When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we'll be glad to guide you, every step of the way.Good luck!Forex trading involves substantial risk of loss, and may not be suitable for everyone
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11 comments:
Thanks for the info, i had no idea in that.
Foreign exchange is the exchange of currency of one country that to with the other on the basis of their rates which usually get changed
Forex is a way to invest your money and that to with good returns
edwo
the exchange of currency of one homeland that to with the other on the cornerstone of their rates which generally get changed
While your Forex deal is running you can monitor its status and check scenarios online, at any time you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any).
Those who do not know what is FOREX will certainly learn more from it . They will become more knowledgeable about it
Great way to invest and returns with hike.You have shared a good information.Thanks for such post.
Great way to invest and returns with hike.You have shared a good information.Thanks for such post.
FOREX is certainly very big investment house and I am really amazed to read these facts about FOREX,thanks for the information.
If you are planning to venture into Forex market, consider what hours you're willing to work on forex trades and try to stick with these hours, as much as possible. Having a life outside forex is the key to keeping your mind, calm and stress-free. Try to give yourself a schedule week-by-week and, just like you have to follow trade rules, follow it!
Expand your trading skills by focusing on a single pair of currencies. The forex market can be quite confusing and if you limit the number of currencies that you must watch as you start out, you are going to be able to grasp the concepts that only come with experience.
Just like in making any investment decision, e.g. deferred annuities, real estate investing, etc., when you are new to forex do not jump in trading live until you have practiced. There are forex demo accounts for practicing. Your goal is success and the most successful have discipline, knowledge, and most importantly practice. To do otherwise is absolute folly. Allow at least two months for the demo to run its course.
Good work. I think it is really very appreciative. Keep on sharing such a great information
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