A successful trader once said "forex trading is like taking money out of the floor, no one has and whatever we can take. As if we have personal atm machine in the computer ".
This is a short description that will explain about forex and how to benefit.
Forex market is a gathering place for the whole world to be traded currency in cash. Surely in forex trading will be much more risky than forex trading in the futures market. But forex is much more profitable and easier than trading stocks. Then how to access the forex market?
The answer is, forex trading is not tied to a trading floor, and not centralized in exchanges, such as the stock and futures markets. The forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, because the entire market is run electronically, such as the network of banks, continuously for 24 hours. Basically, act like big banks that use the forex market to protect themselves from fluctuations in exchange rates of different currencies. In practice, the forex market using only two currencies as a pair (pair) are interchangeable.
For example :
EUR / USD was trading 1.2850 means that 1 Euro is worth U.S. $ 1.2850 dollars . The first currency ( in this example , the euro ) is referred to as the base currency ( base ) and the second ( USD ) as the quote currency or ( counter ) .
Daily trading volume in the forex market could reach about $ 1.5 trillion dollars . And still much larger than 30 times the incorporation of all U.S. equity markets . This means that each trader can take 1 million dollars out of the Forex market every day , and Forex will still have more money .
Forex play an important role in the world economy , to meet the financial needs enormous , endless . International trade increase with the increase in technology and communications . As long as there is international trade , there will always be the Forex market .
With the forex market has helped the transactions between countries are not only financially but also in the export - import activities . For example, Japan can sell products in the United States and received a benefit in the form of Japanese Yen .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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