WHAT IS FOREX?Forex (Foreign Exchange) is simply the buying and selling of currencies. Forex transactions always include two currencies, one currency is bought, while the other is sold. For example, in a EUR forex transaction (EUR) can be purchased US dollars (USD) which are ssendo sold, or Great British Pounds (GBP) can be purchased while the Japanese yen (JPY) are being sold. The two currencies involved in a transaction are considered as a currency pair (eg EUR / USD or GBP / JPY) and each currency pair has an exchange rate.
The goal of forex trading is similar to the purpose of stock trading in which you try to "buy low and sell high." Exchange rates fluctuate up and down throughout the day, providing information to forex traders with the potential capacity to profit from this variation of currencies.
The basic concept of forex trading is similar to those used in stocks, bonds, futures, options and markets, and the product is marketed. In fact, most beginners as forex traders will probably find a simple and straightforward forex transition. Technical indicators and strategies used in other markets can be used in the forex market as well.
Why invest in FOREX Trading?Flexibility: Marketed 24 hours a day (Sunday, 17:15 ET - Friday, 04:00 ET).Opportunity: Easily noticed and sold when the markets are high or downward trend trend.Simplicity: Use technical analysis (economic indicators on charts) methods in other markets such as stocks.Strength: Access the most liquid market in the world (US $ 4 trillion in average daily trading volume around the world).
