Did you know about Forex ( Foreign Exchange) ?
Few weeks ago I have interested to learn what about Forex is. Folowwing article will explain to you about Forex, I hope it's usefull and give you new knowledge.
Never heard of Forex?
Forex, also called the Foreign Exchange Market, is the world's largest financial market, where traders buy and sell different currencies.What's so special about Forex?
Here's a look at today's Forex market [click to see]. Note the price fluctuations. If you buy low and sell high, you make profits. If the market moves against you, then you incur losses. Unlike the stock market, when one currency goes down, there's always another currency going up, making Forex attractive to banks and hedge funds, business and retail investors.How do I know what currencies to buy or sell?
When dealing with any market, there are two general approaches traders use to estimate how the market will move. The first, technical analysis, focuses on price patterns and uses charting tools to discover them. The second, fundamental analysis, accredits price fluctuations as being a product of economic and political events. Click here to view our free online training video!How does leverage work?
Leverage enhances your profit potential while also increasing your risk of loss. With a leverage of 100:1, you are allowed to purchase up to 100 units of another currency with just 1 dollar. Click here to learn more about leverage.Sounds exciting. How much should I start with?
The minimum deposit to start trading live at Forex Club is $10. However, $10 won't get you far. Even if you are a great trader, an account this small won't yield more than several dollars a day. If you are aiming for greater results, consider starting with a larger account. We recommend starting with $500. This will gain you access to Autochartist, a chart analysis service that identifies quality trading opportunities and emerging trends in real-time.
(take from ForexClub.com)
(take from ForexClub.com)
2 komentar:
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The word FOREX is derived form Foreign Exchange and is the largest financial market in the world. Unlike many markets, the FX market is open 24 hours per day and has an estimated $1.5 Trillion in turnover every day. This tremendous turnover is more than the combination of all the worlds’ stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade. Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange.
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thank you for sharing.. i knew forex trading from my friend.. And i was interested to trade in forex, so he suggested me to start trading with demo account first. when i want to start trading with real account, he gave me several brokers which provide welcome bonus and finally, i got it from octafx. they give me leverage up to 1:500.
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