Investing in Forex
by Murtaza Khan
Forex trading made its debut in the year 1997 and presently it is considered as one of the world's leading trading operations. Investment in the forex trade is relatively a recent trend in the international investment market. The Forex market is a highly volatile, liquid and risk prone market and lot of people do not know about it. Forex is the most lucrative investment market that exists in the world at present. The forex trading is spread across over 100 countries using its 24 hour market access. It is one of the highest levels of customer service available in the trading industry. The forex brokers have direct access to pricing for more than 60 pairs of currency and expert analytical services from the renowned experts of the field. At present the forex trading platform is available for both beginners and professionals. There are several factors included in the forex trade that makes the forex traders to earn realistic profits every month. Compared to some of the better known investment markets such high return on investment is unheard. It's advisable that if you are desirous of investing in the forex must, without fail; make it a point to learn the detailed strategies and information surrounding the forex market. This makes the actual difference between successful forex traders and other traders.
The forex trading market is open 24 hours a day and it is only close for the weekends. For the current time it is the most liquid market present in the world. Forex trading is commission free and trading is usually done for more than 60 currency pairs simultaneously worldwide. One of the great advantages the forex trade offers is that being an international trade in nature so you can enjoy your profit opportunities not depending over the market conditions. With generally available leverage strategy in the forex market you can use 100 to 1 leverage which in turn reduces the need for large amounts of capital to be invested. The amount of capital required to begin investing in the forex trade depends upon your choice of the dealer it may range from $50 to $300 and that is an amount with which you can take the risk. The forex market creates several up and down trends in a single day trading but the earning of the profits make it stand head and shoulders above other existing markets.
The forex trading strategies are available for you and they provide for compounded profits. For the beginners and the novices free demo accounts are available within the industry of forex trading one of such available at the FX solutions (http://www.fxsol.com/) that allows you to have the experience of the forex market and the sharpening of your trading skills without the risk of losing any capital from your pocket. Forex trading requires approximately ten to fifteen hours each week earning a full time income. This also makes this trade lucrative and handsome enough. The forex market offers you the most lucrative, time liberating, and easy to enter by far market to harvest great profits. Previously it was being assumed by most of the people that forex trading was only available for large investors, it was quite true but, now smaller transactions are also available that allows all traders irrespective of the investment size to take part in the international forex trade giving everyone the opportunity to profit from forex trading. The investment in the forex market is actually investing your money into a true method of making your money work harder for you. Does the information tempt you to invest in the forex market right now or do you want to wait for a better proposition than forex?
วันพุธที่ 6 กุมภาพันธ์ พ.ศ. 2551
The Cost of Forex Trading
The Cost of Forex Trading
by Murtaza Khan
The forex trade is going to be the buzzword for the future and it holds enormous opportunities for the investors in the forex trade. In the earlier days of the forex market the requirement of the capital for the investment was quite big most of the times running into millions of dollars. The size of the investment kept the common investor out of the forex market for quite long. After the internet boom forex market also went through lot of changes and the requirement of the minimum investment to participate in the forex trade dropped considerably, making it a feasible area for the small investors. At present the scenario is as such that, if you want to work at home with a great earning potential you should seriously think about learning the ins and outs of forex trading, one of the most profitable activities anyone can enter into due to its generous characteristics that set it apart from other capital markets at the present time.
Forex markets are very active markets in nature which are open 24-hrs a day except the weekends. It's a global market so you can trade from any where in the world round the clock and you will always find profitable trades that will make your earnings grow in a stable manner. You have the US market then the European and then the Asian forex markets. Each one of them appears on the forex trade zone one after another. One of the great times to trade is during the over lapping periods. The USA and European forex markets overlap between 5am and 9am EST and the European and Asian forex markets between 11pm and 1am EST. The overlap periods are usually the busiest and best time to trade in the forex market. After the opening up of the forex market for the small investors you can open a forex trading account with a forex broker for as low as $300.
In order to be successful in forex trading you need to learn the tricks of the trade. Forex trading is a very complicated and speculative market and for better understanding you need to have a good knowledge of how markets behave and what influences this behavior to be able to use it in your favor to earn handsomely. The worst thing you can do is to enter the world of forex trading without proper knowledge and this can cost you a lot of money in bad trades. In the worst case scenario you could lose what's in you account. But you would have to do something really stupid for that also. To help you out from the difficult scenarios lots and lots of expert advice is available on the net. To prepare you to cope up with the actual trading scenario many sites are there on the net that provide you with the demo or the free practice account. By using these accounts you can really prepare yourself to earn some profits in the real forex markets.
There are many factors that contribute to the price fluctuation in the currencies and if you are vigilant enough you would be able to sail over the problem period quite nicely and would be able to log in a nice amount of profit. The forex trade is getting popular among the small investors due to the requirement of very small capital and barring the risk factors of the market, the ability of the forex market to provide ample scope of earning sizeable profit by the investors. There is no need to be afraid of the forex market, only thing required is the proper knowledge about the forex market.
by Murtaza Khan
The forex trade is going to be the buzzword for the future and it holds enormous opportunities for the investors in the forex trade. In the earlier days of the forex market the requirement of the capital for the investment was quite big most of the times running into millions of dollars. The size of the investment kept the common investor out of the forex market for quite long. After the internet boom forex market also went through lot of changes and the requirement of the minimum investment to participate in the forex trade dropped considerably, making it a feasible area for the small investors. At present the scenario is as such that, if you want to work at home with a great earning potential you should seriously think about learning the ins and outs of forex trading, one of the most profitable activities anyone can enter into due to its generous characteristics that set it apart from other capital markets at the present time.
Forex markets are very active markets in nature which are open 24-hrs a day except the weekends. It's a global market so you can trade from any where in the world round the clock and you will always find profitable trades that will make your earnings grow in a stable manner. You have the US market then the European and then the Asian forex markets. Each one of them appears on the forex trade zone one after another. One of the great times to trade is during the over lapping periods. The USA and European forex markets overlap between 5am and 9am EST and the European and Asian forex markets between 11pm and 1am EST. The overlap periods are usually the busiest and best time to trade in the forex market. After the opening up of the forex market for the small investors you can open a forex trading account with a forex broker for as low as $300.
In order to be successful in forex trading you need to learn the tricks of the trade. Forex trading is a very complicated and speculative market and for better understanding you need to have a good knowledge of how markets behave and what influences this behavior to be able to use it in your favor to earn handsomely. The worst thing you can do is to enter the world of forex trading without proper knowledge and this can cost you a lot of money in bad trades. In the worst case scenario you could lose what's in you account. But you would have to do something really stupid for that also. To help you out from the difficult scenarios lots and lots of expert advice is available on the net. To prepare you to cope up with the actual trading scenario many sites are there on the net that provide you with the demo or the free practice account. By using these accounts you can really prepare yourself to earn some profits in the real forex markets.
There are many factors that contribute to the price fluctuation in the currencies and if you are vigilant enough you would be able to sail over the problem period quite nicely and would be able to log in a nice amount of profit. The forex trade is getting popular among the small investors due to the requirement of very small capital and barring the risk factors of the market, the ability of the forex market to provide ample scope of earning sizeable profit by the investors. There is no need to be afraid of the forex market, only thing required is the proper knowledge about the forex market.
วันอังคารที่ 5 กุมภาพันธ์ พ.ศ. 2551
Let Forex Professional To Take Care
Let Forex Professional To Take Care
by Varon Sanornoi
For the people who are in financial market, I am pretty sure that no one never hard about Forex trading. It is one of the most financial investments that gain market share to total investment in the world. Many people are interested in this business because it requires almost nothing to do. Forex investment is basically about trading money between currencies. For example, if you plan to trade between USD and EUR, you will have to learn about exchange rate in order to get accurate different rate that could give you profit. However, the most difficult part seem to be the situation that you have to consider about the period that exchange rate can give you profit and many investors are also struggling with this.
According to this reason, some investors have realized that they should hire some one who come to manage their account. This is the fact that many of investors sometimes have money to invest but very lack of knowledge of this business. Therefore, it is likely for them to hire professional to take care and manage of their account. The most distinct benefit of having professional to manage your account is that the client do not have to worry about market situation and what to do with them, the whole process will be proposed by account manager and the client only make decision and they will take care the rest. Therefore, Forex money manager seems to be suitable for investors who do not have much time to keep an eye on every single moment financial market situation.
However, even though there are a lot of distinct benefits of having someone to take care of your money account, but to find an ideal one is much more difficult. You can find this kind of professionals from both offline and online resource. But today, it seems that there are millions of classified, freelance, or company's website who are offering account manager and financial report service, but may be still hard for the investor because they just lack of criteria how to choose professional to help them on this matter. As financial market condition is always changing, especially for Forex trading, it is obvious that no matter you are going to invest in short term or long term project, the profit that you will get from Forex trading will be not much different, because of the market situation which has direct impact to currency exchange rate.
So what to consider if you want someone to effectively manage your account?
According to the fact that, in point of view of investor, they just want to do what ever that can give them profits. Therefore, they may find that it does not necessary to hire professional from the company that has great reputation. Instead, you can find individual freelance who has great portfolio and ensure that he has experience to work and effectively advise according to the market situation. However, hire professional from the famous company may be another option but you may have to spend much more money if you want to hire professional from these companies.
by Varon Sanornoi
For the people who are in financial market, I am pretty sure that no one never hard about Forex trading. It is one of the most financial investments that gain market share to total investment in the world. Many people are interested in this business because it requires almost nothing to do. Forex investment is basically about trading money between currencies. For example, if you plan to trade between USD and EUR, you will have to learn about exchange rate in order to get accurate different rate that could give you profit. However, the most difficult part seem to be the situation that you have to consider about the period that exchange rate can give you profit and many investors are also struggling with this.
According to this reason, some investors have realized that they should hire some one who come to manage their account. This is the fact that many of investors sometimes have money to invest but very lack of knowledge of this business. Therefore, it is likely for them to hire professional to take care and manage of their account. The most distinct benefit of having professional to manage your account is that the client do not have to worry about market situation and what to do with them, the whole process will be proposed by account manager and the client only make decision and they will take care the rest. Therefore, Forex money manager seems to be suitable for investors who do not have much time to keep an eye on every single moment financial market situation.
However, even though there are a lot of distinct benefits of having someone to take care of your money account, but to find an ideal one is much more difficult. You can find this kind of professionals from both offline and online resource. But today, it seems that there are millions of classified, freelance, or company's website who are offering account manager and financial report service, but may be still hard for the investor because they just lack of criteria how to choose professional to help them on this matter. As financial market condition is always changing, especially for Forex trading, it is obvious that no matter you are going to invest in short term or long term project, the profit that you will get from Forex trading will be not much different, because of the market situation which has direct impact to currency exchange rate.
So what to consider if you want someone to effectively manage your account?
According to the fact that, in point of view of investor, they just want to do what ever that can give them profits. Therefore, they may find that it does not necessary to hire professional from the company that has great reputation. Instead, you can find individual freelance who has great portfolio and ensure that he has experience to work and effectively advise according to the market situation. However, hire professional from the famous company may be another option but you may have to spend much more money if you want to hire professional from these companies.
วันจันทร์ที่ 4 กุมภาพันธ์ พ.ศ. 2551
Forex Pivot Points - What is the Forex Pivot Points?
Forex Pivot Points - What is the Forex Pivot Points?
by Simon Aridej
Pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.
Floor traders love pivot points. They act as magnet for price movements. If you observe how price move during any trading session, you'll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily pivot points you need High, Low, and Close Price of the previous day.
Here are the formula for calculating daily pivot points:
Central Pivot Point (P) = (High + Low + Close)/3 Resistance Level 1 (R1) = 2xP - Low Resistance Level 2 (R2) = P + (R1 - S1) Resistance Level 3 (R3) = High + 2x(P - Low) Support Level 1 (S1) = 2xP - High Support Level 2 (S2) = P - (R1 - S1) Support Level 3 (S3) = Low - 2x(High - P)
To calculate weekly pivot points, apply the same formula, but using High, Low, and Close Price of the previous week instead of the previous day.
As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point. If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades. The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points are to look for a reversal or break of R1 or S1. By the time the market reaches R2,R3 or S2,S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries. A perfect set would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position. Pivot points are one of the key tools traders use to determine where price is likely to go and where it is likely to stall. However, you should use the pivot points formulas above to create your own pivot point and then apply them with your own forex trading system.
by Simon Aridej
Pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.
Floor traders love pivot points. They act as magnet for price movements. If you observe how price move during any trading session, you'll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily pivot points you need High, Low, and Close Price of the previous day.
Here are the formula for calculating daily pivot points:
Central Pivot Point (P) = (High + Low + Close)/3 Resistance Level 1 (R1) = 2xP - Low Resistance Level 2 (R2) = P + (R1 - S1) Resistance Level 3 (R3) = High + 2x(P - Low) Support Level 1 (S1) = 2xP - High Support Level 2 (S2) = P - (R1 - S1) Support Level 3 (S3) = Low - 2x(High - P)
To calculate weekly pivot points, apply the same formula, but using High, Low, and Close Price of the previous week instead of the previous day.
As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point. If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades. The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points are to look for a reversal or break of R1 or S1. By the time the market reaches R2,R3 or S2,S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries. A perfect set would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position. Pivot points are one of the key tools traders use to determine where price is likely to go and where it is likely to stall. However, you should use the pivot points formulas above to create your own pivot point and then apply them with your own forex trading system.
Forex Trading Strategies
Forex Trading Strategies
by Andrew Daigle
The Forex market incorporates two primary types of Forex trading strategies. One such Forex strategy is based on a fundamental analysis and the other is based on a technical analysis. As a trader, you will likely have to incorporate both types of Forex strategies in your overall Forex trading strategy. Fundamental analyses are based on economic factors while technical analyses are based on price. There is a general consensus among market participants that the most highly traded currency pairs in the Forex market tend to be technical and the more exotic currency pairs tend to be more fundamental.
While both types of analysis are necessary for successful and profitable trades, most traders tend to rely more on one type than the other. When your Forex trading strategy incorporates technical analysis, you must be prepared to deal with the mathematical concepts necessary to manipulate pricing data. Likewise, when you incorporate fundamental analysis in your trading strategy, you must be prepared to handle the multitude of economic factors necessary to base your trades. In the end, the variety of economic data must be converted into price predictions and many traders resort to technical analysis because it is thought to have a built in mechanism for completing the conversion. However, incorporating a purely technical Forex trading strategy without regard for the fundamental aspects of the market is much like trading on luck. Sometimes you win, sometimes not.
Other factors that will influence your Forex trading strategy are your ability to manage money and to handle the psychological implications of participating in the Forex market. While many people have profited from their Forex trading strategies, losses are all but guaranteed with Forex trading systems. One of the nuances of Forex trading is that it involves calculated risks. If your financial situation or emotional circumstance is such that you cannot afford to sustain losses, you will likely loose more than your investment dollars, particularly if your losses are easily converted to physical illness.
It is important to develop a Forex trading strategy that complements your lifestyle and temperament. You need to understand the investment, the risks and the impact that your choices will have on your investment dollars and your lifestyle. In Forex trading, it is quite possible for a loss to multiple itself as market conditions vary and change. Your Forex trading strategy must include a plan of action in the case of a loss as well as a win. Another consequence of Forex trading is overconfidence. Overconfidence has caused many traders to engage other more costly and more risky trades following a win or series of wins. You will have to be responsible to dedicate the time necessary to track and analyze the trades that you engage. It only makes since that you engage a number a trades that you are reasonably able to manage during a given trading session. Forex trading can also become addictive for certain personalities. Your Forex trading strategy should include indicators that alert you when it is time to enter or exit trading. You cannot become overconfident about a win or series of wins. Likewise you cannot become too depressed over a loss or series of losses. FOREX trading systems are based on calculated risks and the wrong calculation leads to more risk and the potential for more loss.
by Andrew Daigle
The Forex market incorporates two primary types of Forex trading strategies. One such Forex strategy is based on a fundamental analysis and the other is based on a technical analysis. As a trader, you will likely have to incorporate both types of Forex strategies in your overall Forex trading strategy. Fundamental analyses are based on economic factors while technical analyses are based on price. There is a general consensus among market participants that the most highly traded currency pairs in the Forex market tend to be technical and the more exotic currency pairs tend to be more fundamental.
While both types of analysis are necessary for successful and profitable trades, most traders tend to rely more on one type than the other. When your Forex trading strategy incorporates technical analysis, you must be prepared to deal with the mathematical concepts necessary to manipulate pricing data. Likewise, when you incorporate fundamental analysis in your trading strategy, you must be prepared to handle the multitude of economic factors necessary to base your trades. In the end, the variety of economic data must be converted into price predictions and many traders resort to technical analysis because it is thought to have a built in mechanism for completing the conversion. However, incorporating a purely technical Forex trading strategy without regard for the fundamental aspects of the market is much like trading on luck. Sometimes you win, sometimes not.
Other factors that will influence your Forex trading strategy are your ability to manage money and to handle the psychological implications of participating in the Forex market. While many people have profited from their Forex trading strategies, losses are all but guaranteed with Forex trading systems. One of the nuances of Forex trading is that it involves calculated risks. If your financial situation or emotional circumstance is such that you cannot afford to sustain losses, you will likely loose more than your investment dollars, particularly if your losses are easily converted to physical illness.
It is important to develop a Forex trading strategy that complements your lifestyle and temperament. You need to understand the investment, the risks and the impact that your choices will have on your investment dollars and your lifestyle. In Forex trading, it is quite possible for a loss to multiple itself as market conditions vary and change. Your Forex trading strategy must include a plan of action in the case of a loss as well as a win. Another consequence of Forex trading is overconfidence. Overconfidence has caused many traders to engage other more costly and more risky trades following a win or series of wins. You will have to be responsible to dedicate the time necessary to track and analyze the trades that you engage. It only makes since that you engage a number a trades that you are reasonably able to manage during a given trading session. Forex trading can also become addictive for certain personalities. Your Forex trading strategy should include indicators that alert you when it is time to enter or exit trading. You cannot become overconfident about a win or series of wins. Likewise you cannot become too depressed over a loss or series of losses. FOREX trading systems are based on calculated risks and the wrong calculation leads to more risk and the potential for more loss.
วันอาทิตย์ที่ 3 กุมภาพันธ์ พ.ศ. 2551
Forex Starter Pathway. 3 Ways to Avoid Failure
Forex Starter Pathway. 3 Ways to Avoid Failure
by Cas Jones
Do you like to learn about new and interesting things? If so, then this article will be right up your alley!
Is a well-known reality that most of the beginners give up their forex trading and lose their trading capital completely during the first year of forex trading. After that interval 9 of 10 novices quit forex as a traders eternally. So if you don't want to be among them (and I hope you don't) it'll be helpful for you to learn on their mistakes.
So what are that pitfalls and on the forex trader's way? I'll put 3 of them in this article.
First is: beginners regularly try to oversmart the forex market. As you might know already, forex market is massive - about 3 trillion worth of dollars a day is exchanged on it! From here on out, we will give you tips on what can make this subject a little more helpful to you.
Also try to see the trend. Don't trade against it! "Trend is your friend" - remember that. I'll explain in detail. If you do day trading, it's weekly or 2-3 week trend. If you trade mid-term, it's monthly and/or quarterly (and sometimes annual) trend. If you trade long term, it's yearly trend. You got the idea. Just identify it and then stay with it.
Fack: a lot of forex starters try to be profitable every day. But reality is - there are a lot of 'bad days' on forex market for every forex trading system be it intra-day, middle-term or long-term trading. There are even bad months for every tactic. That's natural. That's part and parcel of forex trading process, and I mean not only forex trading but stocks, futures, spreads trading etc.
So please do not try to set a goal like "$100 a day at any cost". It won't work. You'll just jump in the bad market again and again, exhaust all your previous profits and then - drain your deposit. Instead don't let that bad day, week or month stop you. Don't give up when bad deals come in a row, but please do not try to recoup them immediately, by any means on any market. Instead wait for a good day, week or month, learn to see it when it comes and use it profitably.
Third stumbling-block of most traders is... their fear and greed. If you let your emotions come into your forex trading game - you're guaranteed to lose your money long-term. Discipline is one of the must-have traits in such thing as trading, and forex trading isn't an exclusion. So develop your forex trading system, set exact set of rules and then adhere to them. That's crucial for your trading, your money and your success.
And also, if you're a classic forex starter with no trading experience at all or little experience, I strongly recommend you not to make massive deposits. Just open a mini-forex account (as for me, $500-2000 will be quite enough) and try it for the first 2-3 months. If you're profitable on it, then move on.
For the conclusion, I persuade you to use at least some of these forex starter recommendations to avoid the core mistakes of all novices. I wish You good luck with your trading! Hope this article helps you.
by Cas Jones
Do you like to learn about new and interesting things? If so, then this article will be right up your alley!
Is a well-known reality that most of the beginners give up their forex trading and lose their trading capital completely during the first year of forex trading. After that interval 9 of 10 novices quit forex as a traders eternally. So if you don't want to be among them (and I hope you don't) it'll be helpful for you to learn on their mistakes.
So what are that pitfalls and on the forex trader's way? I'll put 3 of them in this article.
First is: beginners regularly try to oversmart the forex market. As you might know already, forex market is massive - about 3 trillion worth of dollars a day is exchanged on it! From here on out, we will give you tips on what can make this subject a little more helpful to you.
Also try to see the trend. Don't trade against it! "Trend is your friend" - remember that. I'll explain in detail. If you do day trading, it's weekly or 2-3 week trend. If you trade mid-term, it's monthly and/or quarterly (and sometimes annual) trend. If you trade long term, it's yearly trend. You got the idea. Just identify it and then stay with it.
Fack: a lot of forex starters try to be profitable every day. But reality is - there are a lot of 'bad days' on forex market for every forex trading system be it intra-day, middle-term or long-term trading. There are even bad months for every tactic. That's natural. That's part and parcel of forex trading process, and I mean not only forex trading but stocks, futures, spreads trading etc.
So please do not try to set a goal like "$100 a day at any cost". It won't work. You'll just jump in the bad market again and again, exhaust all your previous profits and then - drain your deposit. Instead don't let that bad day, week or month stop you. Don't give up when bad deals come in a row, but please do not try to recoup them immediately, by any means on any market. Instead wait for a good day, week or month, learn to see it when it comes and use it profitably.
Third stumbling-block of most traders is... their fear and greed. If you let your emotions come into your forex trading game - you're guaranteed to lose your money long-term. Discipline is one of the must-have traits in such thing as trading, and forex trading isn't an exclusion. So develop your forex trading system, set exact set of rules and then adhere to them. That's crucial for your trading, your money and your success.
And also, if you're a classic forex starter with no trading experience at all or little experience, I strongly recommend you not to make massive deposits. Just open a mini-forex account (as for me, $500-2000 will be quite enough) and try it for the first 2-3 months. If you're profitable on it, then move on.
For the conclusion, I persuade you to use at least some of these forex starter recommendations to avoid the core mistakes of all novices. I wish You good luck with your trading! Hope this article helps you.
วันเสาร์ที่ 2 กุมภาพันธ์ พ.ศ. 2551
Introduction to forex
Introduction to forex
by Michael Nessim
Forex..What a strange word for those who first hear about it..The funny thing is that forex is not indexed in the normal dictionary scanning many paragraphs..Even the one scanning the blogger we are writing in now. So,What is forex? and why is it that famous? My first meeting with forex i felt it is hard and strange and I will not be able to deal with or understand..And with further reading,I realized I was a bit wrong,and i enjoyed every minute I pass dealing with forex. Well..First thing to know,Forex stands for (foreign currency exchange trading) in forex you simply trade,which means you buy and sell,when you buy at a price and sell at a higher price you simply earn,but when you sell at a lower price you lose ( I think that rule is simple ) and It applies in forex because forex is simply trading. We said in forex we trade with foreign currencies.Not with ordinary goods..So what's the difference,and how do we trade with currencies? Is it true that i can simply do it? Well..Answers are available..and lets start with answering the last question..YES you can simple trade with foreign currencies (trade in forex) through firms that are called forex brokerage firms( we will review them later) They simplify the work for you and you will understand everything later. The next question we will answer is..Why trading with foreign currencies? The forex market is the largest market on earth and it has many advantages:
1-The most profitable as it is the world's largest marketplace..Forex accounts for 3.2 trillion dollars of trading per day,imagine how big this number is,and if you can not imagine let me tell you that the New York stock market( the biggest stock market on earth) accounts for 16 billion dollar per day ( Forex is 75 times higher) and London stock market accounts for 11 billion dollars per day.. From these information,you can imagine how much profit you can make out of forex Per day.
2-No need for a centralized location..traditional trading brings buyers and sellers in a centralized location ( called the trading floor) this was a great burden with those working in stock markets as they have to work full time..In forex,You simply work online,you just need good connection and go..You can work part time besides your normal career and your life will never get affected.Another advantage about that is the ability to access forex anywhere using your cell phone..It is open to everyone anytime
3-It is the world's most powerful and persistent market..regardless of the negative economic indicators. Currencies have some macro economic nature..Which gives them a great vice,They trend better than every other market..Which means,Other goods and commodities are easily affected and their prices and fundamentals change overnight without warning ( as what happened after September 11) but currencies as they are always and consistently needed they trend better and their market( which is called Forex) is much more stable and less random ( you can notice how interest rates change gradually and in small increments to understand what i mean..You can not wake up to find interest rates increased by 5 % suddenly)
From what we see above..Forex is the best market you can start to work with,This really supplies all what a small or large trader needs,profitable with minimum dangers that can be easily controlled.
But When did forex start to exist? Well..Forex started to emerge in 1978..Forex emerged when worldwide currencies were allowed to float according to supply and demand..And this explains the fundamentals of forex and what we are doing in it. In forex we are participating in the profitable fluctuations in world currencies..Everyday currencies rates and prices change a lot. and this makes forex a continuous source of ongoing transactions which would never stop( We need currencies to buy everything,So It will never happen that currencies won't get sold and bought everyday.And this makes our profits)
7 years after the gold standard was abandoned till 1995,forex trading was limited to banks and large multinational corporations. After 1995,and thanks to the technology revolution and the high speed internet connections that became nearly everywhere..Forex was available to everyone everywhere.
Because of risk manageability and the absence of geographic boundaries made forex the world's best market..It is open to everyone and you can start making money as soon as you understand its fundamentals and techniques..
by Michael Nessim
Forex..What a strange word for those who first hear about it..The funny thing is that forex is not indexed in the normal dictionary scanning many paragraphs..Even the one scanning the blogger we are writing in now. So,What is forex? and why is it that famous? My first meeting with forex i felt it is hard and strange and I will not be able to deal with or understand..And with further reading,I realized I was a bit wrong,and i enjoyed every minute I pass dealing with forex. Well..First thing to know,Forex stands for (foreign currency exchange trading) in forex you simply trade,which means you buy and sell,when you buy at a price and sell at a higher price you simply earn,but when you sell at a lower price you lose ( I think that rule is simple ) and It applies in forex because forex is simply trading. We said in forex we trade with foreign currencies.Not with ordinary goods..So what's the difference,and how do we trade with currencies? Is it true that i can simply do it? Well..Answers are available..and lets start with answering the last question..YES you can simple trade with foreign currencies (trade in forex) through firms that are called forex brokerage firms( we will review them later) They simplify the work for you and you will understand everything later. The next question we will answer is..Why trading with foreign currencies? The forex market is the largest market on earth and it has many advantages:
1-The most profitable as it is the world's largest marketplace..Forex accounts for 3.2 trillion dollars of trading per day,imagine how big this number is,and if you can not imagine let me tell you that the New York stock market( the biggest stock market on earth) accounts for 16 billion dollar per day ( Forex is 75 times higher) and London stock market accounts for 11 billion dollars per day.. From these information,you can imagine how much profit you can make out of forex Per day.
2-No need for a centralized location..traditional trading brings buyers and sellers in a centralized location ( called the trading floor) this was a great burden with those working in stock markets as they have to work full time..In forex,You simply work online,you just need good connection and go..You can work part time besides your normal career and your life will never get affected.Another advantage about that is the ability to access forex anywhere using your cell phone..It is open to everyone anytime
3-It is the world's most powerful and persistent market..regardless of the negative economic indicators. Currencies have some macro economic nature..Which gives them a great vice,They trend better than every other market..Which means,Other goods and commodities are easily affected and their prices and fundamentals change overnight without warning ( as what happened after September 11) but currencies as they are always and consistently needed they trend better and their market( which is called Forex) is much more stable and less random ( you can notice how interest rates change gradually and in small increments to understand what i mean..You can not wake up to find interest rates increased by 5 % suddenly)
From what we see above..Forex is the best market you can start to work with,This really supplies all what a small or large trader needs,profitable with minimum dangers that can be easily controlled.
But When did forex start to exist? Well..Forex started to emerge in 1978..Forex emerged when worldwide currencies were allowed to float according to supply and demand..And this explains the fundamentals of forex and what we are doing in it. In forex we are participating in the profitable fluctuations in world currencies..Everyday currencies rates and prices change a lot. and this makes forex a continuous source of ongoing transactions which would never stop( We need currencies to buy everything,So It will never happen that currencies won't get sold and bought everyday.And this makes our profits)
7 years after the gold standard was abandoned till 1995,forex trading was limited to banks and large multinational corporations. After 1995,and thanks to the technology revolution and the high speed internet connections that became nearly everywhere..Forex was available to everyone everywhere.
Because of risk manageability and the absence of geographic boundaries made forex the world's best market..It is open to everyone and you can start making money as soon as you understand its fundamentals and techniques..
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