what is forex trading?
By JanMags
@JanMags (724)
Philippines
July 20, 2007 3:59am CST
does anyone here know what forex trading is and how to go about it? is it a good idea? is it better and easier than the stock exchange?
1 response
@wcforex (18)
• Bahrain
20 Jul 07
Forex is a trading method, also known as FX or foreign market exchange. Those involved in the forex trading are some of the largest companies and banks from around the world, trading currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basic of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.
To get started in learning forex trading, you will need to locate the forex trading software, education-learning system you want to use.
You can open a demo account and use their trading platform like metatrader. You will then be able to read the news, find and compare markets and you will be able to make fake trades so you can watch your money build or be eaten away in losses.
As you learn the system, using it a few times a week, you are going to be more prepared, more educated and you will be ready to use the forex trades to make money. of course, you may still need the aid of broker or a company to make your transactions happen.
The forex market is also referred to as the FX market. If you are interested in joining the millions who are making money in the forex market, you want to ensure you are dealing with a reputable banker or company involved in forex trading. with the spur of nterest in the forex markets, there are many types of companies that are popping out on the internet appearing to be a genuine forex trading companies but in reality, they are not. Forex trading can be completed through a broker, a company that deals in the funds.
To learn more about forex, just visit: http://www.forexnewbies.info
regards