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Why You Should Trade FOREX Over Other Investments
Everyone has heard of stocks and shares, probably even the futures market, but trading the FOREX (Foreign Currency Exchange, or FX) market is a relatively new phenomenon. Until recently, FOREX was the domain of the banking fraternity (large banks can trade billions of dollars daily), and the elite in financial and business circles. But now it is possible for the average person to be a part of this incredible – and very profitable – way of making a living, thanks to the personal computer and an internet connection. All done electronically and considered an over-the-counter (OTC) market, trading is far easier and less risky than either the futures or the stock markets. Money can be made both on a rising and falling market, unlike the stock market, which relies on shares increasing in price to create profit.
More and more astute internet entrepreneurs are shunning the traditional financial markets and turning to FOREX trading. They know that it is possible to earn a full-time income from part-time effort – if you’d like to make $200 to $3,000 for as little as ten minutes’ work, and with minimal risk, then FOREX is for you.
FOREX, the spot (cash) market for buying and selling currency, is the largest financial market in the world. Every day more than $1.5 trillion (yes, trillion) is traded globally and, unlike the stock market, which has fixed hours, it is a market that never sleeps. Somewhere in the world, at any time of day or night, FOREX is open for business, six days a week. The market starts each day in Sydney and moves around the globe as other FOREX financial centers open: first to Tokyo, then London and
New York.
In simple terms, currencies are traded in pairs, for example the Euro and the US dollar (EUR/USD). The first currency – in this case the Euro – is known as the base currency; the second currency (here, the US dollar), is the counter-currency. All trades result in the simultaneous buying of one currency and the selling of the other. Thus, in this example, if you place an order to buy the EUR/USD, you are buying the Euro and selling the US dollar. If you were to sell the pair, you would be selling the Euro and buying the US dollar. There are many other currency pairs, such as USD/JPY, GBP/USD, EUR/GBP, USD/CHF and so on.
What makes trading FOREX an incredible way to make money online, is that price movements are highly predictable, creating trends that can be anticipated when it comes to decide when to buy and sell. Contrasting with stocks and shares, FOREX trading through brokers is commission free. It is also possible – and definitely recommended – to open a demo (practice) account with a broker first, where you can learn to trade and gain experience before you part with a cent of your own money.
Do you want financial freedom? With huge advantages over other more conventional money markets, why not experience the excitement of pips, rollovers, leverage, lots, long and short positions, limit orders etc. and start to trade FOREX. Good luck!
Penelope Housden.
For more information on FOREX trading, and a FREE report showing how you can turn $300 into $30,000 in as little as 6 months, go to: http://www.firstclassforex.com
Written By: Penelope Housden
 BBC News (blog) | 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 The demand for the high-risk currencies increased again. The oil rate ... Dollar recovers as markets look past Fed decision |
 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 (CĂłrdoba) - 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 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 US dollar mildly lower as markets eye retail data |
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 |
