The Forex market is one of the largest and most profitable markets in the world and it is in a continuous expansion. Even though there is a certain degree of risk involved, profit margins are relatively very high. Forex trading, does not require physical purchase of a currency, they involve a contract for a certain amount and an exchange rate of a currency pair.
Yes, forex trading is one the fastest and profitable industries. I think even automated forex trading systems are growing in popularity day by day. The marketing and promotion of new automated systems make out that they are almost a one way bet to wealth and happiness.
The currency market is a system through which one buys and sells currency. Currency market is the largest and most profitable market in the world, accessible by all those who want to trade through online brokers. Regardless the economy and the crisis, the Forex market is not affected. It is open 24 hours / day from Monday to Friday. The possibilities of gain on the currency market online are very high and more and more people have chosen this investment method.
1. Choose a trading style compatible with the pursued aims. 2. Choose a broker who provides quality services and has a good reputation. 3. Choose the currency pairs on FOREX Market, which are the best match for play strategies. 4. Give special attention to the prognosis of the dynamics of currency quote. 5. Do not despair if you have small losses. A good trading strategy can quickly cover any loss. 6. It is recommended to trade with a protective order of loss stop. 7. Do not change your standpoint and do not close the transaction without having a good reason. 8. Identify levels of strong support /resistance. 9. It is recommended to make money from both sides of market. 10. Trade only in active markets. 11. Consider carefully the strategy you applied in the transaction from which you gained or lost in order to know in the future what to change. 12. It would be advisable to document about the FOREX Market before starting to trade. 13. In the beginning it would be recommended to enter the trade market with small amounts and later, after you would have gained more experience, switch to higher amounts. 14. Start trading with the most dynamic pairs of currency available on the market: EUR/USD, USD/JPY, USD/CHF, EUR/CHF, GBP/USD 15. Start trading and you will succeed. Only who enter the Forex Market can win, the chances to multiply several times the investment you made in a short period of time are very high.[/]
Forex Market is open 24/7 2.Great potential of making a profit 3.Low cost trading 4. The trade value may be at a level of 100 or 200 times the capital invested 5. Forex trading are executed immediately, which means that the price shown and payed is the same 6. High liquidity 7. Services offered to investors are at the highest level possible 8. Advanced trading platforms 9. High speed order execution 10. Forex market can be profitable regardless of market conditions, if currency it appreciates or depreciates
The main trading tools : a) Spot - a deal that represents a direct exchange between 2 currencies, with a short completion time. b) Forward transaction - an exchange between two currencies which is held at a specified future date, a few days, months or even years later. c). Futures - Futures contract is an agreement between a seller and a buyer to sell / buy a standard quantity of assets that will be delivered at future date called the "maturity" and a price negotiated at the close of the transaction, d). Swap - When two sides agree to exchange a quatity of currency with another one, and after a period of time to return the transaction in its original quantity. e). Options: When the owner is entitled to a specific date to change money from one currency into another currency at a preset rate.
The forex currency market has the following operations: 1. SPOT operations – They represent the selling-purchasing of currency directly or in maximum 48 hours. The moment of rate formation coincides with the moment the transaction is closed. 2. Deadline operations – the delivering of goods is made after a certain deadline towards the moment of contract signing. 3. HEADGING type contracts – the buyer undertakes to pay a certain sum in currency at a certain deadline and at the same time lends somewhere else the same currency sum. 4. SWAP type operations – operations through which are closed at the same time a clear transaction and another one at a deadline in a different currency. These operations are of a special importance on the international market because of the fact that they presume a important movement of cash. 5. Other types of currency operations - collecting and payments in currency as a result of the commercial transaction regarding the import/export of goods and services. - Currency transactions - Loans and credits in different currencies - Currency exchange for non-commercial operations - Headging, Swap operations
The currency rate represents the relationship between national and international currency. This ration has two ways of expressing: - Foreign currency/national currency – used in almost all countries - National currency/ Foreign currency – used in the UK and Canada The currency used nationaly and internationally has as a correspondent a monetary standard which represents the buying strengtht of a currency. The currency rate must not be confused with the notion of parity that is expressed through the same report. The parity is an abstract notion, theoretical that doesn’t always match the currency rate. The market rate which varies because of the offer and demand on the market is called a quote and it is expressed through the same ratio as the currency rate. The unilateral currency rate set by the monetary unit is called the official rate. You will also encounter the terms of sale exchange rate or purchase exchange rate that indicate the price for which a currency is sold or purchase.
these are good tips...thanks a lot!! I'll share your tips to my sister who is started her small business about 6 months ago..she offers products like hand sanitizers, soaps, detergents, and bleaches...i hope she makes a lot of sales.
Now a days everyone know about forex word. Many individual worldwide practice forex trading, there is a plenty of forex trading coverage in media, forex exchange rate are boardcasted on many T.V channels.
The forex market is the world's largest international currency trading market operating non-stop during the working week. Generally forex trading is done through a forex broker - but there is nothing to stop anyone trading currencies. As forex is all about foreign exchange, all transactions are made up from a currency pair.
Yes, forex trading involves lots of risks and it's not suitable for everyone. But nothing is possible. There are plenty of profitable out there. We all can earn from it. The most important thing is how much we know about it. It's really nice for you to give us such the informative posts, Popea99! The only thing I want to remind you guys that do not trade without a good understanding of the markets. Learn more to be successful!
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i see this thread has good forex idea, anyone has good experienc in it and never loss in trading? If so, pls buzz me as i want to joint venture with u.