forex trade
Forex currency trading is conducted around
the clock, 5 days a week, and daily currency
trades are worth in the region of $1.9 trillion
US dollars. This means that the Forex the
largest market in the world and puts the major
stock markets very firmly into second place
.
A world-wide market established to facilitate
the buying and selling of currency, the Forex
market involves large organizations, such as
central governments, commercial companies
and international commercial banks as well as
smaller players such as brokerage houses and
individual brokers
.
There is no set location for the market
although there are major trading centers
around the world in a number of cities such as
London, Frankfurt, New York and Tokyo) but it
is essentially an 'over-the-counter' market with
the vast majority of trading being conducted by
telephone and on the internet
.
The exchange of currencies is a central
element in supporting global trade and, as the
major currencies such as the US dollar (USD),
the British pound (GBP), the Euro (EUR), the
Japanes yen (JPY) and others move against
each other and the foreign currency exchange
rate for any given pair of currencies changes,
there is the opportunity to make money from
currency exchanges
.
The major players in the market take
advantage of this by buying and selling in
deals which often run into many millions of
dollars, but the smaller players are also
extremely active and often trade in deals of as
low as one hundred thousand dollars. And, by
trading on the back on the smaller players,
individuals can get into the market with a lot
less than that!
forex trade
Despite this, you do not have to be an expert
in the currency markets to profit from them. As
long as you take the time to learn foreign
exchange currency trading and put in a bit of
effort it is quite easy to gain enough of an
understanding to begin making money through
Foreign trading online
.
Foreign currency trading provides an excellent
opportunity for the small investor to make
money but learning to trade Forex is essential
before heading out into the market
.
Through a large and growing collection of
articles covering everything from the history of
foreign currency trading to fundamental and
technical analysis, psychology and strategies,
tools and software we aim to help you learn to
day trade Forex quickly and easily
forex trade