2007-03-21 10:00:15 · 8 answers · asked by kingtakin 1 in Business & Finance ➔ Investing
This is just the first to paragraphs of information that i have found from the links below. I found them very helpful when first learning about the fundamentals of forex-trading.
Are you researching the topic of Forex and the foreign exchange market for education? Or are you a trader who is looking for other markets to play around with? Well hopefully, we will give you an introduction to the Forex markets that will accommodate both your needs and inform you of the basic concepts and issues that intertwine with the world’s currency exchange market. Foreign exchange markets are always in a constant state of flux, and for the budding forex trader, it can be a rather daunting place to invest and trade your money, or for the student it is a rather confusing topic to master. We introduce you into the world of the foreign exchange market.
The Australian foreign exchange market alone turns over some $US81 billion daily. And that figure only represents a fraction of the worldwide forex market. The foreign exchange rate can be defined as the agreed price of one currency expressed in terms of another currency. For example, the EURO and USD (EUR/USD) currency pair can be quoted as “1.2204”. This would mean one EURO can be exchanged for $1.2204 US dollars. On the other hand, the (mathematical) inverse relationship is that one US dollar would fetch 0.8194 EURO. As you can see dealing with the foreign exchange market can get confusing pretty quickly if not for some simple high school arithmetic: some fractions and ratios.
2007-03-23 09:23:16 · answer #1 · answered by Dreamer 3 · 0⤊ 0⤋
Forex is really complicated to explain in just a few paragraphs. I highly suggest going to http://www.babypips.com that site will walk you through each step of the Forex market and is very in depth. I also highly recommend http://www.wiseforexinvestor.com because once you have a minimal understanding of what the Forex is you are most likely going to want to participate. The second site is a great place to learn about a software program that saves you the headache of being at your computer 24 hours a day monitoring the market. It wouldn't be doing forex if it were not for http://www.wiseforexinvestor.com If you have any questions I am available through email or you can call me directly.
Best Regards,
Rex White
503-922-1475
rexwhiteforextrading@gmail.com
2007-03-24 06:22:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Until fairly recently trading in the Forex market was limited to investment bankers, corporations and large investors. A few years ago the market was opened to the average investor.
The concern is that many people put there money into Forex trades as thought they were sitting down at the blackjack table in Las Vegas. They are certain to lose their money, probably sooner rather than later.
If you want to be successful at Forex trading it is important to either study intensely or align yourself with a successful trader that will assist you in reducing risk and maximizing your efforts.
Forex is a great way to make money or to lose money.
Which one would you like to do?
Let me know your answer and if you make the right choice....i can probably assist you.
Paul
pupp52@yahoo.com
2007-03-21 16:09:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Forex is short for Foreign Exchange. Exchange of one currencies for another.
How does Forex work ? Or
What does a Forex Trader do ?
check out
http://www.geocities.com/lcming/ForexForex
2007-03-21 13:23:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe currently exceeds $1.9 trillion/day (on average). Retail traders (individuals) are currently a very small part of this market and may only participate indirectly through brokers or banks and may be targets of forex scams
2007-03-21 10:03:56 · answer #5 · answered by punkin 2 · 0⤊ 0⤋
Forex is currency trading. You can trade currency pairs 24 hours/6 days a week. Checkout our website and get a free demo of forex trading, www.phantomtrading.com
2007-03-21 10:45:07 · answer #6 · answered by phantomtrader2 2 · 0⤊ 0⤋
It is currency trading but what it really is, is a way to lose alot of money fast. beware of the programs that guarentee you ways to make millions, if they made millions why wouldn't the people just make millions a day and move on
2007-03-21 10:59:28 · answer #7 · answered by Domino 4 · 0⤊ 0⤋
the fastest place to loose all your money in the fastest time
2007-03-22 11:06:07 · answer #8 · answered by vetech_61 2 · 0⤊ 0⤋