What is Forex trading and how does it work
The Forex exchange market also called Forex or FX. It is the biggest online market in the world where you can exchange currency.It is like whether you Sell Eur 100 to buy Us Dollar at the airport or bank Exchange.It is the Online Market with the help of Computer with internet access and it open 24 hours 5 days a week.
To Enter this market you have a Computer with internet access and a Forex Trading Account.
On the Forex market one Currency is Exchanged to another.The most important thing is the Exchange rate between two Currencies.
Here is an example when currency rate is decrease at the current rate you can buy it and when Currency rate is high you can Sell it and then you can Calculate your Profit.
To start this Business you have a good knowledge of Forex Trading, without Knowledge and Experience you can loss your Money.
Practice makes a man Perfect
To Start Please open a Practice Account or Demo Account where you can learn How to Sell/buy Currency.Minimum 1 to 3 month practice in the Demo Account when you feel that you are Expert in this Field then Click this link to open Trading Account and Start online Business.In Trading Account you can deposit minimum Asset like $10 or above not more than $50.New people loss there money in Starting because they don't know its a Risky Business and Without Experience they can't Achieve there goal when you have experience you can maximum deposit and Enjoy profit.
Who can Start this Business
If you have a ability of Decision making,Loss money(risky market),patience then it is good business for you.if answer is not please don't start this Business.
It is important you have a good Knowledge of Reading Charts,Spread.Leverage.You can learn from Demo Account.
Which Currencies are traded in the Forex Market
There are many Forex Currencies in the Market but Some Famous Currencies are given below:-
- EUR/USD(Euro- US dollar)
- USD/JPY (US dollar – Japanese yen)
- GBP/USD (British pound – US dollar)
- AUD/USD (Australian dollar – US dollar)
- USD/CHF (US dollar – Swiss franc)
- USD/CAD (US dollar – Canadian dollar)
Posts
No comments