
FOREX (foreign exchange) trading is the buying and selling of currencies. Currencies are always bought and sold in pairs. As a forex trader you are speculating that the currency you are buying is going to go up in value and the currency you are selling will go down in value, in the near future.
Different countries use different currencies - which vary in their values against each other. FOREX trading involves the buying and selling of two currencies - trading pairs - you are selling one and buying another eg you may use the US dollar to purchase British pounds.
Why should you choose to trade in currencies rather than stocks or commodities?
The FOREX market is the most liquid financial market in the world - around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation.
You can also trade FOREX from anywhere. Have laptop will trade! You can undertake forex trading while sitting at home, in an internet cafe - or on beach! All you need is the internet, some time - and you're doing online forex trading.
Trading Times – The FOREX market is open 24/7 - enabling you to choose the best time for YOU to trade.
Minimum investment – You don't need a large amount of capital to get started. You will need to open an account with an online forex broker. Many now offer mini forex trading accounts that require a deposit of only $200 - $500. Even with a small amount to invest you can still make good returns.
Trading costs – the best part about FOREX trading, is that it is done using a margin. That is, you don't need the full
amount to buy a currency. A Forex trader can buy $100,000.00 with just $1,000.00. This allows FOREX traders to make huge profits with minimal investment.
There are no brokerage fees.
Another great feature of FOREX trading is that, once you understand the market, it demands very little of your time. So -more time to relax and think about how to spend your income.
FOREX trading strategies - you will need to undertake some FOREX trading education -this may be in the form of a FOREX trading course- before you embark on your FOREX currency trading future! Several trading companies provide free information online. Also seek out books, training, news, charting services and mentoring - all offered online.
FOREX trading can be a risky business, however you can reduce the risk by following the best trading strategy, and ensuring you know the right time to enter and exit the market.
BUT - with some research, skill and luck you will succeed with FOREX TRADING!
Gay Redmile is the webmaster of several finance and investment sites. Having been a trader for most of her adult life she understands the importance of undertaking research and knowing the market - before you start trading! For more invaluable information, and the latest Forex news and articles - visit her site at http://www.forexhomesite.com or visit her other investment related sites at http://www.thestocktradingsite.com; http://www.futurestradinghome.com; http://www.commoditytradinghome.com

![]() RTT News | WORLD FOREX: Dollar Weakens Slightly On Euro After Trade Data Wall Street Journal NEW YORK (Dow Jones)--The dollar weakened slightly against the euro Thursday, after US data painted a mixed picture ... Forex Trading in 2010: Like the Equities Market in 2003? US Dollar Forecast Turns Bearish Against Euro, Canadian Dollar US dollar mildly lower as markets eye retail data |
![]() Reuters | FOREX-Dollar little changed vs majors in volatile trade Reuters ... market analyst at Easy Forex in Chicago. "If anything, traders appear to have a preference to sell the euro on rallies." The dollar JPY= was little ... FOREX-Dollar falls vs yen and euro after trade data |
![]() AFP | FOREX-Euro steadies vs dollar, yen; SNB awaited Reuters LONDON, March 11 (Reuters) - The euro steadied against the dollar and yen in quiet trade on Thursday, recovering from earlier falls ... WORLD FOREX: Dollar, Euro Gain On Yen; UK Pound Slumps Forex trends: recovering vs dollar and yen, euro drops vs pound WORLD FOREX: Euro,Dlr Down Vs Yen On China Tightening Worries |
![]() Forex Hound | Forex - Dollar mixed vs. rivals as US jobs data eyed Forex Pros Forex Pros – The US dollar was mixed against most other major currencies on Thursday, ahead of key US reports on jobs and international trade, ... Daily Forex Forecast Mar 12 Forex: US Dollar mostly lower today as EUR/USD hovers near 1.3600 US DOLLAR: KEEP AN EYE ON CHINESE DATA |
WORLD FOREX:Dollar Lower As Positive Risk Sentiment Persists Wall Street Journal TORONTO (Dow Jones)--The dollar is modestly lower against most of its major rivals Monday morning as investors remain ... Dollar Rises After Forex Traders Flock to Safer Assets FOREX-Euro, sterling pressured by fiscal concerns FOREX-Yen firm, euro and pound hurt by fiscal worries |
Forex: Dollar dips on weaker than expected jobless claims NASDAQ FXstreet.com (Barcelona) - The Dollar has been damaged by a weaker than expected decline on weekly claims, and the Greenback has ticked down against its ... Forex: USD/JPY peaks at 90.70 and pares gains after claims data Forex: USD/JPY rebound from 90.20 approaches 90.80 resistance Forex: USD/JPY, capped at 90.80, eases to 90.00 area |
![]() Forex District | Forex - Dollar soars vs. kiwi on US data, hitting 2-day high Forex Pros Forex Pros – The US dollar soared against its New Zealand counterpart on Thursday, hitting a 2-day high in the wake of mixed economic data from the United ... Daily Forex News Forex Trends for Today 11/03/2010 Forex - Kiwi hits 3-week high vs. greenback on China data |
![]() Earthtimes (press release) | WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock Rises MarketWatch TOKYO (MarketWatch) -- The dollar rose to a two-week-high against the yen Monday in Asia, as higher regional shares bolstered ... FOREX-Yen slips on BOJ story, sterling stays heavy FOREX-Yen down on concern ahead of BOJ, pound slips GBP and JPY Under Selling Pressure |
US dollar flat on Taipei FOREX Focus Taiwan News Channel Taipei, March 11 (CNA) The US dollar traded flat, ending the day at the previous close of NT$31.847 Thursday on the Taipei Foreign Exchange, apparently as a ... TWD pares gain as intervention seen |
![]() Globe and Mail | FOREX-Dollar rises vs yen as US jobs data boosts optimism Reuters NEW YORK, March 5 (Reuters) - The dollar soared against the yen on Friday after a government report showed US employers cut fewer jobs ... WORLD FOREX: Dollar Ends Broadly Lower; Canada, Australia Lead WORLD FOREX: Euro Falls Vs Dollar After RBA Says Europe A Risk FOREX-Dollar rises vs yen after US jobs report |