Forex or Spot forex is A place for selling / buying of a foreign currency. In forex market you can buy country’s currency by sell another country’s currency
For Example USD/Dollar is the main currency of United States of America, “Pound “ is the currency of England. In forex market You can buy Dollar by selling pound or otherwise You can buy Pound by selling Dollar. You can buy or sell many things like stock/commodity except Dollar or Pound, As your Wish.
How to Earn Money from Forex market?
. Currency Price Of the different countries are always changing You may have seen in the newspapers that sometimes the dollar is getting stronger against the Euro, again Euro is getting strongest against Dollar. Most of the currency trading is only done against another currency. So, if you had Dollar in Account then If Euro Prices Go Down, Then you can make money by selling these dollar.
Maybe you had 100 dollars to the sale and purchase of 80 Euro. The euro price rises to $ 120 when it was on sale. Thus you can earn. To increase market share at the price of the shares (buy), we do not profit. But the forex market, the currency is strong or weak, the two cases that we have the opportunity to profit, the biggest advantage of the forex market.
Advantages of forex trading
– In the past, only the wealthy or the big banks would have the opportunity to trade the Forex market. But now with the changing time and increasing competition due to the advent of various forex brokers that anyone from any country in the world to trade on the Forex market.
– To start trading Forex with just 1 dollar possible. Almost all of the benefits of trade .And Broker will give you a free “demo “Account, that is, with virtual money. First you have to prepare yourself so that you can trade free demo and demo trade to deposit into the success you can start the real trade.
– The forex market is much larger, and the circumference is possible to manipulate the market. New York is the world’s biggest stock market, and forex market size of more than 5 times than NYSE. Remember, the value of the dollar or the euro, which is the value of a country’s government had set. Different countries in terms of economic conditions and financial events of the country’s currency value is changed automatically. You buy the dollar or the euro, the dollar or the euro, the same price in all countries of the world will be selling.
– To trade in the forex market is the biggest advantage of leverage, or loans, and so from a very small market movement can make you good profit.
– A word very popular in Forex Scalping. This means being open to trade for a very short period of time. Forex market is a very small gain in changing possible well. Many of the 10 or 15 seconds to open a trade and profit of the trade when it goes out of.
– Forex Market Monday to Friday, 5 days a week for 24 hours in the day-night stays open. So, if you are a small guy who does a small job or business , the Forex market allows you to trade your convenience way as your wish .
– Forex trading allows you to sit at home, there is no need to go outside. And so the family will be able to give plenty of time.
– To trade the Forex market, all you need to do some online account opening and deposit or withdraw from the account is also easier to get started.
– If you can make a good trade, it will encourage people to deposit with you and then you can trade them and you will get a portion of their profits.
– Above all, a successful and skilled Forex trader can earn a large amount of the market.
It may be, to be an efficient and successful trader, it’s a must to examine quite a bit concerning the Forex market, to make yourself worthy of this market. Forex market is the fact that no one knows anything, maybe you can earn a lot at first. Remember, the forex market the stock market as challenging. Knowing which you could not achieve success in the stock market, many people are initially. However, the long-term survival, there is no alternative except to Expert.
Another thing, there is no recession in the Forex market. You cannot just buy because the inventory market, Forex can either purchase or promote.
When stock market is going down and down, in foreign exchange, only forex is all the time up!
Forex Trading What you need to do?
Your Need a Mac/PC or Windows Mobile/Android phoe/Iphone with a working Internet connection.
I’ll trade the dollar or other currency?
To trade Forex, you first need to open an account with a good forex broker and it would have to deposit. Accounts can be opened very easily online in minutes. Various online currency vendor such as PayPal, Alert Pay, Liberty Reserve,Mastercard,Neteller ,Skrill etc. You can instantly deposit to your account and you can start to trade Forex.
However, most people usually through bank deposit to the forex brokers. If, after opening the account, your broker, you will find detailed information on bank account number and bank deposit.
When you have completed the deposit account you can begin to trade. Forex trading. This software allows you to download for free from your broker website. Software installed on the user name and password provided by the broker, sign in with a different pair of charts and price list will be loaded when you open your trade / be able to close.