What is Forex?

Forex is the most profitable Market for investments. The Forex market has become the world's largest financial market, with over $2.5 trillion USD being traded on a daily basis. FOREX or The Foreign exchange rate market is an international market where various currency exchange transactions take place; this is in the shape of simultaneously buying one currency and
selling another.

It is part of the bank-to-bank currency market known as the interbank market. The 24-hour Interbank market literally follows the sun around
the world, moving from major banking centers of the United States to Australia, New Zealand to the Far East, to Europe then back to the United States.

The Market

The currency trading (foreign exchanging, FOREX, FX) market is the biggest and fastest growing market on earth today. Its daily turnover is moore than 2.5 trillion dollars. The participants in this market are central and commercial banks, corporations, institutional investors, hedge funds, and private individuals like you.

What happens in the Market?

Markets are places where goods are traded, and the same goes with Forex. In Forex markets, the "goods" are the currencies of various countries (as well as gold and silver). For example, you might buy Euro with US dollars, or you might sell Japanese Yen for Canadian dollars. It's as basic as trading one currency for another.

Of course, you don't have to purchase or sell actual physical currency: you trade and work with your own base currency, and deal with any currency pair you wish to.

"Leverage" is the FOREX Advantage

The ratio of investment to account value is called "leverage" using a $1,000 to buy a Forex contract with $100,000 value is "leveraging" at a 1:100 ratio. The $1,000 is all you invest and all you risk, but the gains you can make may be many times greater.

How does one profit in the Forex Market?

Obviously, buy low and sell high! The profit potential comes from the flunctuations (changes) in the currency exchange market. Unlike the stock market, where shares are purchased, Forex trading does not require physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs.

The advantageous thing about the Forex market is that regular daily fluctuations - in the regular currency exchange markets, often around 1% - are multiplied by 100! (Our Trading platform i.e. Easy-Forex™ generally offers trading ratios from 1:50 to 1:200).

How risky is Forex Trading?

You cannot lose more than your initial investment (also called your "margin"). The profit you may make is unlimited, but you can never lose more than the margin. You are strongly advised to never risk more than you can afford to lose.

How do I monitor my Forex Trading?

Online, anywhere, anytime. You have full control to monitor your trading status, check scenarios, change some terms in your Forex deals, close deals, or withdraw profits.

How do I start Trading?

If you wish to trade using the Easy-Forex™ Trading platform (our highly recommended platform), or any other, you must first register and then deposit the amount you wish to have in your margin account to invest. Registering is easy with Easy-Forex™ and it accepts payment via most major Credit Cards, Paypal, Western Union. Once your deposit has been received, you are ready to start trading.

How much do I need to start with?

With Easy-Forex™, you do not need to worry too much, you can start with as low as $25 only.

When can I start?

You can start immediately, if you have the means to make your initial deposit into the margin account. You must have any of the acceptable Credit Cards, Paypal, Western Union.

Wait a minute! I dont know how to trade, how can I start?

Don't worry about that, once you make your deposit, Easy-Forex™ has training tools that will make you start immediately. With your minimum of $25 deposit. Easy-Forex™ will take you through a live training. You will surely learn on the job. That's why we are highly recommending Easy-Forex™ Trading Platform, both for beginners and private traders.

Let me shock you with this, you do not need to download any software to enable you trade with Easy-Forex™. Once you log on into your account, you have access to everything you need to trade with. Therefore, you can trade anywhere and anytime. Even when your system is down, crash or damage. Incase you are on holiday, you can trade from your hotel room, as long as you have access to the Internet. Easy-Forex™ has good backup system to secure your information. With Easy-Forex™ Forex trading has been made easy.

Thanks, where can I register with Easy-Forex™?

 

 

SOURCE: QuickGuide to Forex published by Easy-Forex™