Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.
For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.
Forex trading is typically done through a broker or market maker. As a forex trader you can choose acurrency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 1,000 Euros in January of 2005, it would have cost you around $1,200 USD. Throughout 2005 the Euro’s value vs. the U.S. Dollar’s value increased. At the end of the year 1,000 Euros was worth $1,300 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain.
Forex trades can be placed through a broker or market maker. Orders can be placed with just a few clicks and the broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.
For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.
Forex trading is typically done through a broker or market maker. As a forex trader you can choose acurrency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 1,000 Euros in January of 2005, it would have cost you around $1,200 USD. Throughout 2005 the Euro’s value vs. the U.S. Dollar’s value increased. At the end of the year 1,000 Euros was worth $1,300 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain.
Forex trades can be placed through a broker or market maker. Orders can be placed with just a few clicks and the broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.
How to start
This is a question that many people ask. Here, I am trying to give a basic idea to those who love to join Forex. It will be very easy for you to work when you have a good knowledge on this subject. This is an easy way to earn a lot of money and therefore it requires a good understanding. So those who start their carriers are better to join with a good planning as well.
Actually Forex is the largest exchange market in the world. Just like the stock market in Sri Lanka. Also this is the only place that any person can join and earn without any conditions. Therefore it is possible to say this as a large job market. There are no limits to the available job opportunities in Forex.
In this article, I have only given you a brief description on Forex. I have provided you more details in the next article. This article is a guide for those who begin their carriers.
So, how to start?
People who like to join and earn shall read the articles in an order from next article. Then you will find what you need to get enrolled. If you continue to work with the articles, you will gain a good knowledge effortlessly.
But I got to request you a major thing. Do not open an account just because the letter has arrived to open an account. You may destroy the opportunity of another person who is truly willing to do it. So please do not open an account unless you are really enthusiastic to continue working.
Only Demo Accounts
Also it is important to mention another fact. I am publishing these data in two main streams as Demo User and Members Only way. It is done for your own benefit. I thoroughly refuse opening real accounts and depositing without any knowledge. Therefore Demo User Articles in this web site are used only for training in Demo Accounts.
Nobody can use real money in those demo articles. I never appreciate that. If somebody is to put money in their accounts, it is essential for them to get a “members only” passwords. These are the only people who can really earn a profit. It is done to maintain the order of this training and then I can assure you the profits for those who follow the regular pathway.
Let's start now,....
A)"FOR BEGINEERS (Must read in order)"
B)"AFTER GET SOME KNOWLEDGE" (Must read in order)"
Let's start now,....
A)"FOR BEGINEERS (Must read in order)"
B)"AFTER GET SOME KNOWLEDGE" (Must read in order)"
