WHY YOU SHOULD GIVE THE FOREX A SECOND LOOK

Posted by yan manik Sunday, February 1, 2009 1 comments
Large returns
Currencies trend well.
There are no commissions.
US$6 trillion a day and growing
The forex is a very efficient market.
High leverage: Each pip is worth US$10
There is lots of movement in this market.
You can trade 24X5 from home or anywhere.
Little capital is required – as little as US$500.
You can easily start out by taking 20 pips a day.
You can trade whether you have a day job or not.
You can hedge at FX Solutions. Not all market makers allow this.
All you need is an Internet connection; charting/dealing software is free.
This is real-time trading; 2.5 to four second response time; rare re-quotes.
Low lot size: 100 to one ratio; US$100 controls US$10,000 (1,000 = 100,000)

RISKY YOU SAY?
Is forex risky business? Comparing trading the forex to other forms of trading, you will find that from a risk/reward standpoint, forex trading provides respectable returns. THE STRAIGHT SKINNY ON THE “FX” OR FOREX MARKET The currency (foreign exchange) market is the largest and oldest financial market in the world. It is also called the foreign exchange market, or "FOREX" or "FX" market for short. It is the biggest and most liquid market in the world, and it is traded mainly through the 24 hour-a-day inter-bank currency market - the primary market for currencies. The forex market is a cash (or "spot") inter-bank market. By comparison, the currency futures market is only one per cent as big.

Foreign Exchange simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The urrencies of the world are on a floating exchange rate, and are always traded in pairs - Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies - Australian Dollar, British Pound, Canadian Dollar, Japanese Yen, Swiss Franc, and the U.S. Dollar.

Unlike the futures and stock markets, trading of currencies is not centralized on an exchange. Forex literally follows the sun around the world. Trading moves from major banking centres of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S.
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Judul: WHY YOU SHOULD GIVE THE FOREX A SECOND LOOK
Ditulis oleh yan manik
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1 comments:

Blogger said...

I suggest that you trade with the best Forex broker - AvaTrade.

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