Forex Currency Trading ? What is Forex? | Forex | The Forex Market ...

What is Forex? Forex is the abbreviation for Foreign Exchange (currency trading, also called FX), and it is the largest financial market in the world. The Forex market is where it is traded in the currency (the currency is money that is used as a switch agent). In other words, it is the place where they sell and buy currencies.

The value of the investment fluctuates with the currencies. In short, the goal is to make profit on these fluctuations.

With a daily turnover of more than 3.2 trillion USD, the Forex market quickly has become the largest financial market on the planet. Nevertheless, it is a market that until recently have only given a very limited access to private dealers. Partly because of difficult procedures and partly because of difficult terms.

This have changed, and it is now easy for anyone to try Forex.

Trading in currencies means that there are always two concurrent transactions that take place. If you are about to buy a currency, you sell it at the same time. To understand this concept better, think of the currency as both goods you buy and the method of how to pay for the goods.

Because the Forex market is such that the currencies are traded in realtime, it is possible exchange one currency for another and draw profit from this transaction. Profits are made when one is able to decide how currency values should increase to the end of a period that one has decided in advance (such period may be shorter or longer). If the value of a given currency increases over that period of time, you can exchange it in another currency and make a profit.

The Forex market is open 24 hours a day, five days a week, and it is based on four major cities: New York, London, Sydney and Tokyo. Forex market is open to persons who are older than 18 years.

Forex currency trading trading may sound frightening, but it is not. One can easily follow and understand it without previous experience with finance and economics. It is challenging and exciting, it inspires the mind, stimulates, and it is full of opportunities. Furthermore, it can enable you to quit your day job and work from home. But don`t get any ideas; it`s not a sit-back-and-get-rich-quick-without-lifting-a-finger-scheme, you`ll probably have to work a couple of hours a day. Still, if you`re anything like me, consider this no-brainer: you get to pick between working 9 hours a day and be stuck in traffic for another hour and a half, or you can pick working from home and still make the same amount of money, probably more. I`d pick the latter. And I did.

As I myself started doing this as a complete newbie a couple of years ago, I got some help in the learning process from computer software. However, most of the programs I bought?turned out to be rubbish. I wasted literally hundreds of dollars buying the wrong software. As I really despise scammers, I figured I`d ruin their day by letting you know what program to get;?The FapTurbo. It`s simple, affordable, and does exactly what it`s supposed to:?it makes money. But I must tell you something, though. On their site it says ?Without lifting a finger!?. That`s not entirely true, but almost. So now you know.

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Source: http://www.theforexmarketnewspaper.com/forex-currency-trading-what-is-forex.html

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