Pages

Subscribe:

Friday 21 October 2011

what is forex

Forex is simply a change of currency. When you need to do this? When traveling abroad for vacation or business. You have to change your money in your country's currency to the currency of the country you are visiting. This exchange can be used to explain what the currency is about.

When you reach the money-changer, you can see the currency pair on the board shows how much you get for the amount you want to change. When you change money, you do not make the re-Forex Trading. You can buy or sell money you have.

Now, the Forex market is huge. And 'the largest financial market in the world. 4 trillion daily volume of trading in the Forex is much higher than the stock market, which is 74 billion the value of the volume traded each day. That's why you hear a great opportunity to pay? If we can only take a small number 4000000000000 that every single day, it would be great?

Now we say it is very different from the stock market or forex is the future as an interbank market. This means it is an OTC market where there is no single universal exchange for a given currency pair. This market operates 24 hours a day five days a week. The exact time will vary depending on the forex broker you use.

This is the European session. When finished, the Asian session or U.S. session start. So no need to wait for the free market to start trading as necessary to stock trading.

How can currency trading? It is very simple. What you need to do is find forex brokers that you feel comfortable. The corridor will provide the software to install the trading platform on your computer. Obviously, you have to have a stable internet connection for trading. Once your account is verified, you can go ahead and fund your account. Unlike brokers allow different minimum deposit. Some go as low as $ 100 to open a micro account, but that can not be a good idea. Choosing a broker is one of the most important Forex trading, as facilitated diffusion through the corridors are all different. So choose wisely. Just for your information, I choose FX Primus, a runner who is audited by Ernst & Young.

In the end, you should know that a lot to do with the ability to earn a high risk. This is very true, and forex, and starters, there are risks out there, the market only the amount you're willing to lose. Do not start trading and to put all your money immediately.

No comments:

Post a Comment