The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).
Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all.
How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of “your” pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.
Moreover, you cannot lose more than your “margin”! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.
You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don’t have to physically possess certain currencies in order to perform “buy” or “sell” with them.
How do I start?
Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading “margin” amount (credit cards are welcome, only by Easy-Forex™); start trading.
It can’t be simpler or easier than that. Need help? We’ll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).
How do I trade Forex?
You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the “margin” (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).
Before you finally activate the deal, you can still “freeze” it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The “freeze” feature is a unique service by Easy-Forex™.
When your Forex deal is running (you hold an “open position”), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a “take-profit” rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.
Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we’ll be glad to guide you, every step of the way.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
Mail this post Posted May 13th, 2008
by Forex Trader
This entry was posted
on Tuesday, May 13th, 2008 at 9:43 pm and is filed under Learn Forex.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
May 13th, 2008 at 10:28 pm
[…] Forex Simple Trading - Forex Blog, News and Updates wrote an interesting post today onHere’s a quick excerptForex- What Is It? The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™). Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian d […]
May 13th, 2008 at 10:36 pm
[…] Original post by Forex Simple Trading - Forex Blog, News and Updates […]
May 15th, 2008 at 1:14 am
[…] Forex habit that has made people lose money again and again. That is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Always use virtual money first and apply […]
May 15th, 2008 at 7:19 am
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Always use virtual money first and apply […]
May 15th, 2008 at 1:39 pm
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
May 15th, 2008 at 7:30 pm
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
May 16th, 2008 at 1:31 am
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
May 16th, 2008 at 7:20 am
[…] Forex habit that has made people lose money again and again. That is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Always use virtual money first and apply […]
May 16th, 2008 at 1:42 pm
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Always use virtual money first and apply […]
May 16th, 2008 at 7:38 pm
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
May 17th, 2008 at 7:50 am
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
May 17th, 2008 at 7:56 am
[…] Forex trading habit that can make you lose your money is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Remember to go for virtual cash first and […]
July 30th, 2008 at 5:12 pm
Forex- What Is It?…
good insight on what exactly forex is. very informative article indeed….