Forex an Introduction

Forex trading has the fore(X), yup the 'X' factor which should be understood first. X Factor is that “ it is just as simple as other trading”. It is a market where currencies are traded. Just leave your pre-conceived thoughts here and read on...



Fore and Aft of Forex :
Forex is the abbreviation of Foreign exchange. Exchange of currencies.
(Example : Dollar for Euro). It is just another trade like shares. It is not actually complicated as u think of or heard from some over intelligent people. You would have already done forex trading...Wondering how ? Just recollect the last time when you went for a tour abroad. Have you exchanged your currency with the local currency (with currency exchanges). There you are...it is also forex trading, but primitive. Yeah you seem to be a lot more interesting in forex trading now...

Why forex market ?
Because it is THE largest market by trade-volume. And also it gives you many reasons to smile about. You can take it as a means of primary income or even save for your retirement..! Forex is saving in most profitable currencies (foreign or domestic) which obviously yields high returns. This market is open 5 days from Monday to Friday. You can trade at any time in these days, provided u have a computer with internet connected. In www era, Internet Trading is a new job available, but only few dares to take it.



Aft :
The commercial forex trading is a sophisticated and regular selling of currency, obviously for profit. How profits are made and how risks are minimized ? Before getting into that, you need to know certain basic aspects of forex trading. The amount of trade which is "trade volume". The minimum deposit (which serves as collateral) is called "trade margin". So there is not much to lose, just like bidding, you lose your bid-amount ( “margin” in this case). When your trade is on, it is "open position". In open position you can fill your wallets with profit or vice-versa. You can trade by your broker's or can have a strategy for yourself.

Now does this word Forex appears like Success to you ?
Get started, Go-ahead and discover the truth yourself.
A Better life awaits you.
Happy trading ?

 P.S : If you go by market fluctuation, then loss is due to result of trade. If by your instinct or trade brokers then it is upto you to figure it out. There are traders with whom you can start trading in just a couple of minutes!




Image Credit : Google