What's Forex & why
should I trade Forex?
"Forex" stands for foreign
exchange; it's also known as FX. In a forex trade, you
buy one currency while simultaneously selling another -
that is, you're exchanging the sold currency for the
one you're buying. The foreign exchange market is an
Currencies trade in pairs, like the Euro-US Dollar (EUR/USD)
or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or
futures, there's no centralized exchange for forex. All
transactions happen via phone or electronic network.
world's most traded market, trading 24 hours a day.
Forex market never sleeps. In Forex trading, you do not
need to wait for the market to open, you can always
response to the world's latest movement and news immediately.
average daily turnover of US$4 trillion, forex is the
most traded financial market in the world. A true
24-hour market from Sunday 5 PM ET to Friday 5 PM ET,
forex trading begins in Sydney, and moves around the
globe as the business day begins, first to Tokyo,
London, and New York. Unlike other financial markets,
investors can respond immediately to currency
fluctuations, whenever they occur - day or night.
Trade Forex anywhere
from the world virtually
market - 24/7 trading via computer. A computer with
Internet connection plus an active Forex account are
sufficient for you to execute a trade in Forex market.
Professional Forex traders have the privilege to travel
around the world but yet still connected to the market
anytime, anywhere. The freedom of this is something you
could not get else where by being an employee of a