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Bsbosa.Admin
04-09-2010, 01:12 PM
A Quick Overview of FOREX



FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.
FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.
FOREX is a huge market with trillions dollars turnover a day and the largest investors - banks, hedge funds, investment companies and so on.
FOREX is open to individual retail investors - Forex traders - through the services of Forex brokerage companies that provide an access to the currency exchange market and take care of buying and selling orders of their clients.
FOREX is a 24 hour market that is traded every day all year round, except for holidays.
FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD and GBPJPY.
FOREX trading is based on technical (price charts) and fundamental (news, economic events) analysis.
FOREX is an online stay-at-home type of business for individual investors.
FOREX is an attractive financial instrument, which can be mastered by any person with any kind of education and/or social status.
FOREX is a type of market which nowadays can also be traded by automated online expert advisors without any human intervention.
FOREX is an alternative type of investment, which unlike any other investment carries one of the largest financial risks.
FOREX is a trading arena, where in order to succeed a trader needs to learn the rules of the market, its trends, moves and behavior, and be able to apply the knowledge under real trading conditions.
FOREX is difficult to trade without a trading method - a trading strategy or system.
FOREX is a fast growing industry, and by directly dealing with money it also became
a lucrative business to various scam dealers. Novice traders should be alert about any offers in Forex which sound too good to be true.
Finally, FOREX should never be associated with quick and easy money.

dianamonte03
06-30-2010, 01:12 AM
In addition to that, Forex is an exchange that allows investors to trade national currencies through the foreign exchange. This is the world's largest market for currency, based on Dollar which are traded upon this market on a daily basis. This type of trade is typically performed online or on the telephone.

robsam
07-20-2010, 11:48 AM
Mr. administrator, you have mentioned nice points over here . I salute you. Sometimes it is really difficult for beginners to understand the forex market and they search here and there for perfect reading material and knowledge hubs. I think if you post some more useful information and links then it would be more beneficial for beginners as well as experts also.


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