A Short Introduction To FOREX (Foreign Exchange)
FOREX is the world's largest and most liquid trading market. Many consider FOREX as the best home business you can ever
venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the
same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.
Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the
all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over
traditional trading vehicles, like stocks, bonds and commodities.
But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler
gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.
So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.
As a successful trader said, Trading FOREX is like picking money up off the floor. Not trading FOREX is like leaving it
there for someone else to pick up." Others in the industry have also said, Trading FOREX is like having an ATM machine on your own computer.
Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, profit from it:
The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.
But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.
What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.
So, you're probably wondering where it's at ... or ... how to access the FX market?
The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock
and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact
that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.
Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:
Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of
different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another.
So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.
In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.
EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US dollars. The first currency (in this example, the EURO) is
referred to as the base currency and the second (/USD) as the counter or quote currency.
The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S.
equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and
the FOREX would still have more money left than the New York Stock exchange every day!
The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International
trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX
market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.
There's plenty of money to be made using FOREX for plenty of traders that use the right trading techniques / tactics that will
allow them to profit immensely. And, with only 5% of the daily turnover of volume coming from banks, government and large
corporations who need to hedge, the other 95% is for speculation and profit.
http://www.1-forex.com Omar Vargas; Forex trader and freelance writer.
MORE RESOURCES updated Sat. March / 17 / 2018
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
United States: SEC "Focused" On Digital Currency Trading PlatformsMondaq News AlertsThe statement, issued jointly by the SEC's Enforcement and Trading and Markets Divisions, laid out what it called "considerations" both for investors using the online trading platforms, as well as for the platforms themselves. For investors, the SEC ...
Forex Market Overview
"FX" is an abbreviation of "forex" or "foreign exchange."
Foreign exchange is the largest and most liquid market in
the world trading approximately $2 trillion every day
(that's over 30 times the daily volume of NASDAQ and NYSE
Factors Influencing a Currency Pair Exchange Rate
Introduction: The exchange rate refers to the value of the US
dollar against the values of currencies of other countries.
Such a rate helps determine how much we pay for imported
goods and services and how much we receive for what we
export, among other things.
Forex Signal, Forex Signals Advice
There are lot's of Forex signals providers out there. New
Forex traders might be thinking of looking for a reliable
Forex signals provider.
Forex Trading Systems
The foreign exchange currency market is the largest market
in the world because it trades up to $1.9 trillion daily.
6 Critical Factors For Successful Trading
Success in any profession can be broken down into a number
of critical factors. Trading is no different.
The Meaning of FOREX Price Charts and How to Use Them
There is one very important factor that you should consider
with great care if you are willing to become a successful,
profitable Forex trader. This ever important factor that
must be always present in the trader's portfolio, is the
ability to read the charts.
The Major Players in the Foreign Currency Exchange Market - FOREX
Since the US dollar is the centerpiece of the market, it is
normally considered the 'base' currency for quotes. In the
"Majors", this includes USD/JPY, USD/CHF and USD/CAD.
How Do Other Countries Devalue Their Currencies?
Countries devalue their currencies only when they have no
other way to correct past economic mistakes - whether their
own or mistakes committed by their predecessors. The ills of
a devaluation are still at least equal to its advantages.
The Forex Market-What, When and Why? Forex, FX and the Forex
market are some common abbreviations for the Foreign
Exchange market. Actually it is the largest financial
market in the world, where money is sold and bought freely.
How To Control Fear And Greed In Trading
There is an old saying that the market is driven by fear
and greed. Anyone that has placed more than a couple of
trades will surely have experienced these two emotions.
Forex Made Easy for Everyone
Forex made easy is as simple as you would want it to be.
The foreign exchange market is a worldwide market and
according to some estimates is almost as big as thirty
times the turnover of the US Equity markets.
Writing A Trading Plan
All professional traders have a trading plan. Trading
futures is a zero sum game and those with a plan (and the
discipline to apply it) will succeed over those that have
Forex Signal Services
What are Forex signals? Forex signals are paid services
offered by some brokers and independent Forex annalists.
Companies that offer forex signals monitor and analyze the
market for you, providing you with their data via desktop
alerts, email or even SMS and pager alerts.
Stock Market Report: Day Trading or Swing Trading Online? Stock Investing Information
Profitable day traders recognize that momentum trading is
among the fastest & most effective ways to harvest BIG
piles of cash in the stock market.The problem is that if
you don't know what stocks to look for and how to approach
them while limiting your risk, you won't even get close to
making some profits.
A Short Introduction To FOREX
FOREX is the world's largest and most liquid trading
market. Many consider FOREX as the best home business you
can ever venture in.
A Look at Forex Market Makers
The investor in the currency market takes for granted that
a pair of currencies can be bought or sold at a moment's
notice. Once an order is placed with a broker, the trade is
executed within seconds.
Where to Get Forex Training
For those of you who are interested in forex trading, you
may want to start off by getting some good forex training.
Forex training is a necessity for anyone with this
Example of a Profitable Transaction in FOREX
To make a profit, in the FOREX, a trader can enter the
market as a *buy position* (known as going "long") or a
*sell position*(known as going "short"). For discussion,
let's assume you've been studying the EURO.
Internet and Computer Systems in the FOREX Business
With every passing year the interest in electronic trading
is bigger, more especially trading shares and currency
through Internet. A new profession came forward - this of
the currency dealer.
Money Management, Part 2
FEARING LOSSES: There is a huge difference between being risk
averse and fearing losses. You must hate to lose.
Large inventory of office cubicle and partitions walls for sale in Northeast Ohio
Find home remodeling contractors Akron Ohio
currency trading forex currency trading online currency trading foreign currency trading currency forex learn
online trading currency forex online trading currency day trading currency trading system forex currency trading system currency
privateforextrader.com trading currency exchange trading e currency trading currency foreign privateforextrader.com trading book on currency
trading currency trading broker currency trading software day trading forex currency currency ireland trading online currency trading system
currency future trading day trading for the currency market online foreign currency trading fx currency trading forex currency trading
beginner forex training course currency trading currency day system trading currency trading course 4x currency trading currency trading
tutorial currency trading information foreign currency exchange trading currency global in market trading started in currency trading commodity
currency trading trading the global currency market international currency trading course in currency trading automated currency system
trading foreign currency trading software currency trading strategy currency forex learn trading currency make money trading currency
trading signal currency option trading currency forex market trading currency trading made easy chart currency trading currency trading
tip currency foreign forex trading currency demo trading currency trading forex spot rate learn currency trading basics currency trading
currency trading for beginner forex currency trading broker currency electronic trading currency game trading currency exchange foreign
forex trading interbank currency trading practice currency trading currency forex fx software software software trading free trading
currency guide tool online currency forex trading currency news trading best currency system trading currency trading account currency currency
forex forex learn online online trading online currency trading strategy currency trading platform currency forex learn online online trading
trading currency trading training company currency exchange foreign trading company currency forex trading currency euro trading currency
forex trader trading automated currency trading currency foreign system trading currency market trading currency option trading system currency
trading seminar business currency currency home internet trading trading canada currency trading spot currency trading currency exchange rate
trading currency forex pair trading using vantagepoint currency network neural trading boards currency forex trading how to start currency
trading currency trading australia currency forex tag trading currency forex trade trading currency insurance trading currency trading
education live currency trading online currency option trading advisor currency expert trading,
commodity currency future trading currency day foreign trading currency exchange link trading credit currency trading