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What is Forex? | We have 469 free forex articles/answers for you.
What is Forex? | We have 469 free forex articles/answers for you.
Latest Articles
Discover Forex Futures TradingThe FOREX, FX or foreign exchange market is the place where currencies from one country are traded for the currency of another country. Forex futures trading accounts for a very small percentage of the trillions of dollars that are traded in the...
Forex Day Trading Systems
Usually, we associate trading with purchasing a commodity, bringing it home or to our business premises, and then selling it. Similarly, we purchase stocks and shares in the stocks and shares market, hold them until their value increases and then...
Two Reasons Why Many People Participate In Forex Trading.
Forex trading is one of those great money making opportunities everyone talks about these days. People from many walks of life, men and women, decide to join the forex trading world everyday looking for the great style of life a profitable forex...
Benefits of Forex Trading
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a business opportunity:1. LEVERAGE: In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.
2. LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never 'stuck' in a trade. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order).
3. PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock markets, you can only make money if shares are rising, but in economic recession and falling 'bear' markets, there is little chance of making big money. Forex is different. One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is 'up' or 'down'. A trader can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). For example, if you think the US dollar will increase in value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If you think the Yen will increase in value against the Dollar then you will sell Dollars and buy yen (go short). As long as the trader picks the right direction, a potential for profit always exists.
4. 24 HRS: From Sunday evening to Friday Afternoon EST the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you
can choose when you want to trade--morning, noon or night.
5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.
6. 'MINI' TRADING: One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' trading accounts with a minimum account deposit of only $200-$500 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.
Please visit the author's other trading sites to learn more about forex trading:
http://www.daytrade-forex.com http://www.daytradeforex.com http://www.daytradeforex.com/products.htm http://www.professionalforextrading.info http://www.professionalforextradingonline.info http://www.successtrading2000.com http://www.successtrading2000.com/forex http://www.tradecurrency.ca/education.htm http://www.shortterminvestingsite.com
About the author:
My name is Cynthia Macy and I've been trading various markets for over 12 years. I now concentrate on the forex market, as it has several advantages over trading other markets. If you'd like to learn more about forex trading, visit:
http://www.daytrade-forex.com Request the 'Trade of the Week' to see actual trades using our trading methods and strategies.
Written By: Cynthia Macy
 Globe and Mail | WORLD FOREX: Dollar Drops As Rate Outlook Boosts Risky Assets Wall Street Journal NEW YORK (Dow Jones)--The dollar declined against higher-yielding currencies Wednesday afternoon, ... FOREX-Dollar falls vs most majors; euro off 5-week highs FOREX-Dollar slides after FOMC, yen pressured on BOJ WORLD FOREX: Dollar Stuck In Narrow Ranges; Pound Up On Data |
FOREX-Dollar rebounds broadly; AUD and CAD off highs Reuters ... dollar yet after getting done with major central bank events this week," said Hiroshi Maeba, executive director of forex trading at Nomura Securities. ... |
 istockAnalyst.com (press release) | Forex - Dollar mixed against rivals after US PPI data Forex Pros Forex Pros – The US dollar was mixed against other major currencies on Wednesday, following the release of disappointing data on producer prices in the ... Forex: Dollar falls further against European currencies FOREX: US Dollar starts week strong. EUR/USD falls below 1.3700 Forex - Sterling rebound against dollar falters at 1.5382 |
WORLD FOREX: Euro Falls After Greece Says May Seek IMF Help MarketWatch TOKYO (MarketWatch) -- The euro fell against the dollar and yen in Asia Thursday as news that Greece may seek help from the International ... |
WORLD FOREX: Dollar Dips On Profit-Taking After BOJ Easing MarketWatch TOKYO (MarketWatch) -- The dollar fell against the yen in Asia Wednesday as as a widely expected decision by the Bank of Japan to further ... |
 France24 | FOREX: Dollar slides vs Majors. Fed holds interest rate, housing data declines CountingPips AUD/USD Chart – The Australian dollar today surging higher versus the US dollar in forex trading. The AUD/USD rose to its highest level since January 19th ... Forex Market Bell by Ben Bernanke US DOLLAR: NOTHING WRONG WITH BEING PREDICTABLE USD May Fall Further Following Bernanke Testimony |
Forex trends: dollar gains ground touching 2-day high vs euro Ecommerce Journal The dollar that closed Wednesday's New York trading at 1.0543 against the franc and 1.5327 against the pound is presently quoted at 1.0555 and 1.5312, ... Forex: EUR/CHF breaks below 1.4500 to fresh 17 months low Forex - Swissy rises to fresh 6-week high against dollar Forex - Euro plunges to 17-month low vs. Swissy |
 France24 | WORLD FOREX: Dollar Gains Ground After Strong US Retail Sales Wall Street Journal "The data was dollar positive," said Jacob Oubina, a currency strategist at Forex.com in Bedminster, NJ "It's going to raise [US's] first quarter GDP up ... FOREX-Dollar falls vs yen and euro after trade data WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock Rises FOREX-Dollar gains vs yen after US retail sales data |
 The Hindu | FOREX-Yen slips after its post-BOJ surge fails at Y90 Reuters But strong dollar bids near 90.00 yen JPY= saw yen buyers quickly sell it back, while traders reported dollar buying interest near the day's lows from ... Dollar eases in Asia after Japan, US rate decisions Forex - USD/JPY rises after Fed, BOJ rates moves Bank of Japan Minimal Policy Change Fails to Support Yen |
 Business Standard | Rupee falls by 9 paise against USD in early trade Times of India MUMBAI: The Indian rupee depreciated by 9 paise at 45.43 in early trade today as dollar gained overseas. At the Interbank Foreign Exchange (Forex) market, ... Rupee appreciates 24 paise against US dollar Rupee falls by 9 paise/$ in early trade Rupee strengthens on dollar fall, share gains |
