TradingForecom2012 Posted December 14, 2012 Report Share Posted December 14, 2012 (edited) Foreign exchange or Forex as common named can be simply described as the exchange of one type of a currency for another. It is known as the world's largest financial market, with approximately $5 trillion per day on trading volume and the number keeps on rising. Comparing this to the New York Stock Exchange, with a daily $50bn turnover it’s easy to see how the worldwide Forex market is the biggest financial market in the world. Before the Forex Market got so big the foreign exchange trading was mostly for large banks and institutional traders. Since then technology has advanced making it possible for anyone wishing to trade Forex easy as they can use various trading platforms to trade either on their pc or mobile device. The Forex market is considered an Over the Counter market as it is run electronically, within a network of banks on a 24/7 basis. The currencies of the world are always traded in pairs and are divided in major and minor currencies with majors being the ones that are mostly traded daily and minors the currency pairs that don't contain the U.S. dollar. (Note: the dollar is the most traded currency worldwide) An example of a currency pair exchange is: a trader who believes that the rate of the EUR/GBP will go up therefore deciding to buy (go long) the EUR against the GBP. If a trader thinks the EUR/GBP will go down then he will sell (go short) the GBP against the EUR. If your predictions turn out to be correct you will then be able to make the opposite deal meaning he will exchange this first currency back for that other and make profit from it. www.tradingforex.com Edited December 14, 2012 by TradingForecom2012 Quote Link to comment Share on other sites More sharing options...
diablo88 Posted December 17, 2012 Report Share Posted December 17, 2012 Forex is the place where you can use money to take more money to your home, but it's not easy. Quote Link to comment Share on other sites More sharing options...
Gaban Posted February 7, 2013 Report Share Posted February 7, 2013 Forex is a online business and trading is something we must do if we want to get profit. We have to choose a trusted and reliable broker to trade in forex, and instaforex is broker which i'm using now. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Gaban Posted April 1, 2013 Report Share Posted April 1, 2013 Forex is a 24 hours market in 5 days and most of people choose this business as their job, both for a primary job or a part time job. I think if we wanna make forex as our primary job, we should make profit consistently first because it's a high-risk business, too risky if we decide forex as our primary job while we haven't made profit consistently. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Gaban Posted April 6, 2013 Report Share Posted April 6, 2013 Foreign Exchange, also referred as "Forex" is the largest financial market in the world. Forex is a 24 hours market. The Forex market never sleeps. Traders able to choose their convenient time to enter the market. Traders are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. We have to be careful when choosing broker if we don't wanna get scam broker. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
uncle gober Posted April 26, 2013 Report Share Posted April 26, 2013 (edited) Forex is a global decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock. The Forex market determines the relative values of different currencies. Forex market has been referred to as the market closest to the ideal of perfect competition, not with standing currency intervention by central banks. Edited April 26, 2013 by uncle gober Quote Become IB on TICKMILL Link to comment Share on other sites More sharing options...
Gaban Posted April 27, 2013 Report Share Posted April 27, 2013 Forex is the place where you can use money to take more money to your home, but it's not easy. Yeah, but to get profit from forex, we need process and we have to learn and understand the knowledge about this business. Make practice and learn from experience Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Tanzil Al Banna Posted May 2, 2016 Report Share Posted May 2, 2016 Forex trading is the most popular online business! I am sure, the Forex trading process is much unique and standard from any other profession either it’s online or offline. I have only one year trading experience but right now I am earning 30% monthly profit that is really quite enough. 100% deposit bonus of TradingBanks helps me to make this healthy monthly percentage. Quote https://www.tradingbanks.com/ Link to comment Share on other sites More sharing options...
Gaban Posted May 17, 2016 Report Share Posted May 17, 2016 Forex is a business that is popular today. Many of the benefits we can get from this forex trading and therefore we need to be able to continue to learn and practice trading so well that maximum results can we get. forex have a great opportunity Quote www.instaforex.com Link to comment Share on other sites More sharing options...
ahmadvipro Posted May 18, 2016 Report Share Posted May 18, 2016 Forex trading is a practice which skill, excitement and a strong perception of the financial markets. It involves exploring the economy in depth, identifying and grabbing opportunities and having a strong sense of control over your actions. It also involves a high element of risk. And there's no better way to do this than to start trading on a demo account. Quote Link to comment Share on other sites More sharing options...
Joshim Rahman Posted June 9, 2016 Report Share Posted June 9, 2016 What is Forex? History of Forex market or how to be a professional Forex trader. You may get everything by using Free Webinar of FSMnews. Even, here you also get professional guideline on money management as well as risk management issue that mean’s a proper guideline on Forex business. Best of luck for all forum members.   Quote Link to comment Share on other sites More sharing options...
Money Morkel Posted October 17, 2016 Report Share Posted October 17, 2016 In Fx trading scalping is mainly considered as a most usable and profitable trading policy due to getting profit instantly. so, we the traders who are particularly scalpers have to choose the broker which allows trading concept such as this without any kinds of restrictions.      Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 18, 2016 Report Share Posted October 18, 2016 The better the skill of our trading then the opportunity to reach a large profit from the forex market more wide open. Therefore, we should want to keep practicing so that our trading skills is increasingly rising in conducting transactions on the forex market Quote Become IB on TICKMILL Link to comment Share on other sites More sharing options...
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