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Thursday, 30 April 2009 |
The Foreign Exchange (often abbreviated as Forex or FX) market is the largest market in the world with daily trading volume of over 1.9 $trillion in September 2004*. With its high liquidity, low transaction cost and low entry barrier, the 24-hour market has attracted investors around the world.
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Thursday, 30 April 2009 |
Once I starting enjoying making profit on the forex market, the word got out, everyone I know started asking me if I would teach them about the world of forex trading. This is what I tell them:
The first thing is get ready for a life-changing adventure! Once you get a taste of making money by sitting in front of your computer monitor, there is no turning back.
Then after getting them all fired up (I am one of these people who get passionate about things I believe in – can’ help it), I get them into a free demo account as quickly as possible, usually within minutes.
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Thursday, 30 April 2009 |
Forex or FX, no matter how you may call it, it all refers to foreign exchange. Forex basically deals with buying and selling of currencies, or in other words currency trading that is made available at the ongoing price in market. It involves investing money in the foreign currencies and earning profit by selling them at the higher price. That is to say, that you are extending the one you are holding, only to buy the other one for a lower price.
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