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Forex? What is it, anyway?

Posted by Miro | 6:39 AM | | 37 comments »

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.

How do I start?

Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.

It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).

How do I trade Forex?
You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the "margin" (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still "freeze" it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The "freeze" feature is a unique service by Easy-Forex™.

When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we'll be glad to guide you, every step of the way.

Forex trading involves substantial risk of loss, and may not be suitable for everyone.


37 comments

  1. Loay // January 8, 2009 at 2:44 AM  

    Thanks alot for these great information!!!

    elearning king

  2. 馬甲 // March 12, 2010 at 4:33 AM  
  3. 峻帆 // March 26, 2010 at 10:34 AM  

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  7. TammySteffes2217 // April 29, 2010 at 2:32 AM  
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  11. WilmerD_Sho玉鳳 // May 27, 2010 at 5:58 PM  
  12. 紹軍紹軍 // June 3, 2010 at 2:15 AM  

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  18. reeselane // June 29, 2010 at 6:43 AM  

    may the blessing be always with you!!.................................................................                           

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  25. cara-blog // July 23, 2010 at 12:14 AM  

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  27. RicoLisi0802志竹 // July 26, 2010 at 9:40 PM  
  28. 毛彥宇毛彥宇 // July 29, 2010 at 10:16 PM  

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  29. 駱李淑華明欣 // August 2, 2010 at 1:38 AM  

    快樂,是享受工作過程的結果..................................................

  30. 孟湖聿軒 // August 4, 2010 at 11:50 PM  

    Lets cross the bridge when we come to it............................................................

  31. 佳陳容 // August 7, 2010 at 7:28 PM  

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  32. 1615 // August 10, 2010 at 6:55 AM  

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  37. rahul // March 5, 2012 at 12:23 AM  

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