
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

![]() Globe and Mail | FOREX-Euro retreats vs dollar on nagging Greece worries Reuters NEW YORK, March 19 (Reuters) - The euro fell to its lowest level against the dollar in more than two-weeks on Friday, ... WORLD FOREX:Dollar Gains As Investors Fret About Greece, Rates Forex - Dollar mixed vs. rivals as US jobs data eyed Forex: EUR/USD falls further to 1.3535, 2-week low |
WORLD FOREX: Dollar Soars As Greece, India Hike Rattle Markets Wall Street Journal NEW YORK (Dow Jones)--The dollar surged Friday on the back of a surprising interest rate hike in India and mounting ... WORLD FOREX: Euro Up Vs Yen, Dollar On Hedge Buying; May Resume Fall Forex Market Review 19/03/2010 The demand for the high-risk currencies increased again. The oil rate ... |
![]() 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 Hopes WORLD FOREX: Euro Down Vs Dollar, Yen As Asian Equities Weigh FOREX-Dollar falls vs most majors; euro off 5-week highs |
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. ... |
![]() 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 - Dollar down vs. most rivals on Fed, BOJ decisions |
The Trader Advantage: Forex Heats Up- Swiss And Cad Rate Questions ForexTV.com After a range-bound Asian session, the US dollar started again to strengthen across the board during the last European session of the week. ... Forex trends: dollar gains ground touching 2-day high vs euro Forex: Swiss Franc rallies across the board, SNB awaited Forex - USD/CHF climbs after mixed Swiss data |
Forex: GBP/USD falls to test 1.5100 NASDAQ FXstreet.com (Córdoba) - The Dollar is gaining strength across the board. GBP/USD broke below 1.5125 and currently is testing the 1.5100 support. ... Forex: EUR/GBP retakes 0.9000 Forex: GBP/USD breaks below 1.5100, approaching 1.5000 Forex: GBP/USD attempting recovery from 1.5125 low |
![]() France24 | 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-Dollar falls vs yen and euro after trade data WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock Rises WORLD FOREX: Dollar, Euro Gain On Yen; UK Pound Slumps |
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 |