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Forex Online Trading – An Introduction

The Foreign Exchange Market (better known as the FOREX or FX market) as we know it today was established in 1971, following the abolishment of fixed currency exchanges. Operating 24 hours a day, 5 days a week, the daily currency trades on the FOREX market are worth in the region of $1.9 trillion US dollars making it the world's largest market and putting the major stock markets firmly into second place.

So just what is FOREX trading and who are the players in this market?

Put simply, the FOREX market is a world-wide market for buying and selling currency and involves both major organizations, such as central government and international commercial banks and commercial companies, as well as smaller players in the form of brokerage houses and individual brokers. Unlike the better known world stock markets however the FOREX market does not have a 'home' as such, although there are major trading centers around the world in cities such as New York, London, Tokyo, Frankfurt and others. The FOREX market is in effect a 'digital' market, with trades being carried out by telephone and increasingly over the internet.

The buying and selling of currencies is necessary to support trade between countries in today's global marketplace and, as the major world currencies fluctuate against one another there is, and will continue to be, money to be made from currency transactions. The major players in the market are of course buying and selling in single deals often running into many millions of dollars. The smaller players however, the brokerage houses and individual brokers, are often trading in individual deals of as little as one hundred thousand dollars.

So what exactly does this mean to you sitting at home and surfing the internet?

It means quite simply that you too can join this market and, providing you take the

time to learn the ins and outs of the currency markets and have a little bit of capital to invest, you can enjoy a very reasonable income from your online trading efforts.

You will not of course be able to trade on your own and will need to use a broker, but many brokers will allow you to open an account online and start trading with anywhere between $250 and $1,000.

FOREX trading is not everybody's cup of tea of course but its major advantage lies in the fact that it is a highly liquid market that does not involve the commission payments and paperwork which many people find a problem when it come to many other forms of trading.

It is, however, a 'technical' market and you should not venture into it unless you are prepared to take the time to learn the basic principles underlying this currency market and to become competent in the use of some of the 'tools of the trade', such as technical and fundamental analysis. But don't be put off by this. It is not necessary to become an expert in these markets to profit from them. With a little time and effort you can quite easily gain enough of an understanding of the currency markets to start making money through online trading and, in time, you will be surprised at just how quickly you can become quite an expert.

About the Author : David Shephard. Please take a moment to visit http://ForexOnlineTradingSystem.info to learn more about Forex Currency Trading or http://ForexOnlineTradingSystem.info/Forex-Trading-Online.html for information on Forex Trading Online. Source: www.isnare.com
Written By: David Shephard




Globe and Mail


Globe and Mail

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. ...
WORLD FOREX: Dollar Drops As Fed Kills Early Rate-Rise HopesWall Street Journal
WORLD FOREX: Euro Down Vs Dollar, Yen As Asian Equities WeighMarketWatch
FOREX-Dollar falls vs most majors; euro off 5-week highsReuters
Reuters -Reuters -Reuters
all 859 news articles »

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 currenciesNASDAQ
FOREX: US Dollar starts week strong. EUR/USD falls below 1.3700CountingPips
Forex: Dollar falls across the board as FED leaves rates unchangedNASDAQ
Forex Pros -Forex Pros -Forex Pros
all 180 news articles »

FOREX: US Dollar on the rise. Leading Indicators, Manufacturing rise. Jobless ...
CountingPips
EUR/USD Chart – The euro dropping today versus the US dollar in forex trading and breaking through the rising support trendline on the hourly chart. ...

and more »

Weak dollar helps forex kitty swell $1.3 bn
Economic Times
MUMBAI: India's foreign exchange reserves rose $1.3 billion during the week ended March 12, largely on account of revaluation of non-dollar assets. ...

and more »

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 dataReuters
WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock RisesMarketWatch
FOREX-Dollar gains vs yen after US retail sales dataForexyard
Wall Street Journal -Wall Street Journal -Wall Street Journal
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Ecommerce Journal

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, ...
The Trader Advantage: Forex Heats Up- Swiss And Cad Rate QuestionsForexTV.com
Forex - USD/CHF climbs after mixed Swiss dataForex Pros
Forex: Swiss Franc rallies across the board, SNB awaitedNASDAQ
Daily FX -CountingPips -NASDAQ
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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 BernankeNews Trends (blog)
US DOLLAR: NOTHING WRONG WITH BEING PREDICTABLENASDAQ
USD May Fall Further Following Bernanke TestimonyForexyard (blog)
AFP -FXstreet.com The Forex Market -CNBC
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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 ...

and more »

WORLD FOREX: Euro Up Vs Yen, Dollar On Hedge Buying; May Resume Fall
MarketWatch
TOKYO (MarketWatch) -- The euro rose against the yen and dollar in Asia Friday as Japanese short-term investors who have recently bet ...
The demand for the high-risk currencies increased again. The oil rate ...Stock Markets Review

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