Forex and ‘FX’ are shortened terms used for ‘
foreign exchange’.
Foreign exchange is the exchange of money from different countries. The
value of one country’s currency is constantly changing against the
value of another country’s currency. Forex traders make money through
buying and selling currencies on the foreign exchange market.
Markets are places to trade goods, and the same
goes for Forex. The Forex ‘goods’ are the currencies of various
countries. The Forex market is a money market that never stops. It is
the “market”, anywhere in the world, where any exchange of currencies
is made. It operates 24 hours a day, on computers all over the world.
Foreign exchange market conditions can change at any time because
events that happen across the world affect the value of money.
The Forex market is the largest market in the world where trading
between banks, organizations, investors and individuals happens. More
than 2.5 trillion US dollars is traded every day. That comes to almost
29 million USD every second!
The profit potential comes from the fluctuations
(changes) in the currency exchange market. You make money by buying a
currency at a particular rate (or price) and selling it again for more
than you bought it. The market is highly
volatile
which means it is constantly changing and therefore offers greater
chances to profit but also greater risk. The incentive to trade in
Forex is that regular daily fluctuations, say - around 1%, are
multiplied by 100 (Easy-Forex™ offers trading ratios of 1:50 to 1:200).
For more information go to the article on
Leverage.
Losses are unlimited unless you have a 'Stop
Loss' on your position. At Easy-Forex™ there is always a Stop Loss
therefore you cannot lose more than your ‘
margin’,
the money you are prepared to risk and the rolling fee if it's a Day
Trade transaction. However, Forex is risky so only risk what you can
afford and is not vital to your well-being.
Easy-Forex™ aims to make foreign exchange easy
for any person who is interested in getting to know the Forex market
and trading in it. You do not need to download a special program to
your computer because Easy-Forex™ uses the Internet. This means you can
trade, monitor status, check scenarios, change some terms of a deal or
close it, anytime, anywhere.
You can start trading using your own private credit card and can make
deals using small amounts of money. With
Easy-Forex™ we offer a range
of
benefits that smart traders are looking for.
Easy-Forex™ is an international company with offices in Europe, UK,
USA, Middle East, Asia and Australia. It is regulated and has licenses
in many countries in the world. If you wish to get to know the Forex
market, then
open an account with us free of charge.
Most Popular Forex Platform
Currency trading platform, Anywhere in the world
All you need is a computer and internet connection