Forex - What and Why?
Forex?
The worldwide market
The money trading foreign exchange (FOREX) market is the biggest and the fastest growing market on earth. With a daily turnover of more than 2.5 trillion dollars, it is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).
Markets trade goods. With FOREX, the goods (or merchandise) are the currencies of various countries. For insurance, you buy Euro dollars, and you pay with US dollars, or you might sell Japanese Yens for Canadian dollars.
How do I profit with Forex?
Just like any market, you want to buy cheap and sell higher! A profit is generated from the fluctuations (changes) in the currency exchange market.
The great thing about the FOREX market, is that regular daily changes, say - around 1%, are multiplied by 100! (Typically, Easy-Forex™ offers trade ratios from 1:50 to 1:200). For example, the exchange rate of “your” pair of currencies increased by 0.6% in the last 4 hours. You can see that your profit will be 60% on your investment! Trades like this can happen in a matter of hours, or minutes, with the forex market!
You cannot lose more than your “margin”! Your chance to profit is unlimited, but your risk is only that of your initial investmet or deposit.
Implement your choice of currencies to pair up, and choose which direction you believe the market will move. You do not need to physically possess the currencies you are trading on! At any time, you can choose to buy Euro and sell dollars, or by dollars and sell Yen!
How do I start?
Register Online With Easy-Forex (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading “margin” amount (credit cards are welcome, only by Easy-Forex™); start trading.
We’ll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).
How do I trade Forex?
You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the “margin” (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).
Before you finally activate the deal, you can still “freeze” it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The “freeze” feature is a unique service by Easy-Forex™.
When your Forex deal is running (you hold an “open position”), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a “take-profit” rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.
Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we’ll be glad to guide you, every step of the way.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
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This entry was posted on Thursday, June 7th, 2007 and is filed under Online Forex.You can follow any responses to this entry through the Comments Feed. You can Leave A Comment, or A Trackback.
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