TF2012 Posted December 14, 2012 Report Share Posted December 14, 2012 Foreign exchange or Forex as common named can be simply described as the exchange of one type of a currency for another. It is known as the world's largest financial market, with approximately $5 trillion per day on trading volume and the number keeps on rising. Comparing this to the New York Stock Exchange, with a daily $50bn turnover it’s easy to see how the worldwide Forex market is the biggest financial market in the world. Before the Forex Market got so big the foreign exchange trading was mostly for large banks and institutional traders. Since then technology has advanced making it possible for anyone wishing to trade Forex easy as they can use various trading platforms to trade either on their pc or mobile device. The Forex market is considered an Over the Counter market as it is run electronically, within a network of banks on a 24/7 basis. The currencies of the world are always traded in pairs and are divided in major and minor currencies with majors being the ones that are mostly traded daily and minors the currency pairs that don't contain the U.S. dollar. (Note: the dollar is the most traded currency worldwide) An example of a currency pair exchange is: a trader who believes that the rate of the EUR/GBP will go up therefore deciding to buy (go long) the EUR against the GBP. If a trader thinks the EUR/GBP will go down then he will sell (go short) the GBP against the EUR. If your predictions turn out to be correct you will then be able to make the opposite deal meaning he will exchange this first currency back for that other and make profit from it. www.tradingforex.com Link to comment Share on other sites More sharing options...
Guest gaban Posted February 9, 2013 Report Share Posted February 9, 2013 Yeah, and we have remember that forex is high risk business, so we have to be careful, include when choosing a broker to trade, because there's a scam broker. If we don't wanna get scam, try to look for review about broker which you will use. Link to comment Share on other sites More sharing options...
ali555 Posted February 11, 2013 Report Share Posted February 11, 2013 Currently the aim of Forex trading is making money. and we can earn good money with good money managementIf we can do good money management then we can earn lot of money from forex. http://www.forex-metal.com/affiliate/46199/2. Link to comment Share on other sites More sharing options...
Guest gaban Posted February 11, 2013 Report Share Posted February 11, 2013 Profit is the goal of a trader. But to get a consistent profit in forex is not easy, but not a difficult thing if we want to try. Currently the aim of Forex trading is making money. and we can earn good money with good money managementIf we can do good money management then we can earn lot of money from forex. Link to comment Share on other sites More sharing options...
preet72787 Posted February 14, 2013 Report Share Posted February 14, 2013 Forex is currency trading and a good platform to earn money. But before start investing, it is important to know about trading. If you have good knowledge about forex trading, then you can earn lot of money. Link to comment Share on other sites More sharing options...
Guest gaban Posted February 15, 2013 Report Share Posted February 15, 2013 Forex is currency trading and a good platform to earn money. But before start investing, it is important to know about trading. If you have good knowledge about forex trading, then you can earn lot of money. That's right. Before starting trading, we must have knowledge about forex first. And we can start trading with demo account to get trading experience, use experience to learn how to make profit from forex. Link to comment Share on other sites More sharing options...
Guest lollabun Posted February 18, 2013 Report Share Posted February 18, 2013 That's right. Before starting trading, we must have knowledge about forex first. And we can start trading with demo account to get trading experience, use experience to learn how to make profit from forex. yup, many things to be learned by a trader before entering the actual forex trading. start of what is forex, understanding of the term in the forex trading until the application is actually through demo trading. Link to comment Share on other sites More sharing options...
kaito kid Posted February 19, 2013 Report Share Posted February 19, 2013 The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. Detail .... source : http://en.wikipedia.org/wiki/FOREX Link to comment Share on other sites More sharing options...
Guest gaban Posted March 7, 2013 Report Share Posted March 7, 2013 Forex is a great business with high risk and high return. Besides, forex is flexible business because we can trade any time when market open. But we need knowledge and skill to be able to get profit from this business. And don't stop to learn and practice. We have to choose the right broker so we won't get scam.. Link to comment Share on other sites More sharing options...
Guest gaban Posted March 16, 2013 Report Share Posted March 16, 2013 yup, many things to be learned by a trader before entering the actual forex trading. start of what is forex, understanding of the term in the forex trading until the application is actually through demo trading. Learn then earn if we wanna be a succesful trader, learn what we'll do and what we have learned we apply in practice. Keep spirit and good luck. Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted March 18, 2013 Report Share Posted March 18, 2013 In the business of Forex the main thing that any trader will need to learn and use is Patience :) Link to comment Share on other sites More sharing options...
Guest gaban Posted March 18, 2013 Report Share Posted March 18, 2013 In the business of Forex the main thing that any trader will need to learn and use is Patience :) And we must discipline when trading. If we violate the rule that we have made, we will pay dearly for our discipline when trading, such as the account had a margin call. Link to comment Share on other sites More sharing options...
Guest gaban Posted March 21, 2013 Report Share Posted March 21, 2013 Forex is a 24 hours market in 5 days and most of people choose this business as their job, both for a primary job or a part time job. I think if we wanna make forex as our primary job, we should make profit consistently first because it's a high-risk business, too risky if we decide forex as our primary job while we haven't made profit consistently. Link to comment Share on other sites More sharing options...
uncle gober Posted March 21, 2013 Report Share Posted March 21, 2013 The foreign exchange market (Forex, FX, or currency market) is a global decentralized financial market for trading currencies.Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock. The Forex market determines the relative values of different currencies. Forex market has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. one of the most important lessons for you to learn early in your trading career, is that successful trading requires you to not only be able to correctly interpret a forex chart, but once you have indentified a specific trading opportunity, you must completely “believe in your trade”. Link to comment Share on other sites More sharing options...
Guest gaban Posted August 16, 2013 Report Share Posted August 16, 2013 Forex or Foreign exchange is the buying and selling of currency pairs with a view to make profits. We have to Learn and practice Forex trading. We must have choose broker which provide service for us. we have to search review about the broker in forex forums or other sources. We have to be careful when choosing broker if we don't wanna get scam broker. Link to comment Share on other sites More sharing options...
Noah Jackson Posted April 17, 2019 Report Share Posted April 17, 2019 My trading life is really enjoyable with BPRIMES because I have the lowest trading spread, no extra transaction cost, automatic execution, and the best environment and security. I am trading with their platform without any execution problems like slippage, re-quotes, etc. As my trading experience, they are good enough qualified to fulfill their customer requirements. I can do my trade smoothly with lots of freedom and it is always profitable with them. Link to comment Share on other sites More sharing options...
Brendan Hill Posted April 18, 2019 Report Share Posted April 18, 2019 A trader can think of making profit from trading diverse monetary standards prevailing in the world economy. A trader should target to earn profit with the proper exercise of his trading expertise and knowledge. Channeling funds in efficient manner can help any trader to attain his trading objectives. However, only fund administration can’t help a trader alone: rather a trader needs to incorporate his risk administration with fund supervision process to ensure the complete profit. Link to comment Share on other sites More sharing options...
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