2007-12-24 20:38:10 · 7 answers · asked by gaurav p 1 in Business & Finance ➔ Investing
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.
As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.
Overview
Foreign exchange, forex or just FX are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than USD 1.5 trillion every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange). Most forex trading is speculative, with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.
Happy Holidays !
2007-12-24 21:37:15 · answer #1 · answered by Great Days 6 · 0⤊ 1⤋
It's trading foreign currencies online, trying to make a profit from the difference in exchange rates. Have a look at a site like
http://webexpresslane.com/easyforex.html
and / or just google 'forex trading' and read...
2007-12-27 11:21:25 · answer #2 · answered by JennyL 2 · 0⤊ 0⤋
www.babypips.com
Babypips will give yopu the basics of Forex.
FX (Forex) is one of the most dangerous/risky forms of trading on the planet. It's a shame that the FX brokers are trying to make it look like "anyone" can do it.
With a 95% failure rate............ that's pretty amazing. I'm not saying FX is bad. Just spend a year or more learning before you invest one dime.
2007-12-25 00:11:01 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋
Forex trading refers to currency trading. You can learn all the basics of forex trading at http://www.forexvendors.com. It explains everything you need to get started in currency trading.
Hope this helps...
2007-12-25 03:01:06 · answer #4 · answered by bigtimeoperations 3 · 0⤊ 1⤋
How Is Foreign Currency Trading Not The Same As Supply Buying and selling?
http://tradingforexs.net/
2014-09-17 13:06:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
To Know each and everthing about forex trading
you can visit
http://www.1step4dollar.com
2007-12-24 20:41:44 · answer #6 · answered by Alpesh Karodiwal 1 · 0⤊ 1⤋
https://answers.yahoo.com/question/index;_ylt=AwrC1zFnFIhX.W0AbPxPmolQ;_ylu=X3oDMTByN2Ruc2MwBGNvbG8DYmYxBHBvcwM0BHZ0aWQDBHNlYwNzYw--?qid=20070517114615AAfc6Xc&p=Forex%20Trading
2016-07-14 11:53:53 · answer #7 · answered by Anonymous · 0⤊ 0⤋