Forex , is an abbreviation for Foreign Exchange. It is away of trading exchange
rates between two different currencies. Basically ,you buy one currency and sell the other
for the purpose of investment speculation. The goal is to make a profit when the value or
exchange rates of the currencies traded move in your favor.
Forex has more daily volume than any other market in the world. Taking place in the
major financial institutions across the globe, the Forex market is open 24 hours a day.
Forex trading often allows borrowing leverage up to 100 times your account value.
Remember that while leverage can help build profits quickly,it can also produce large,
catastrophic losses. Placing a trade in the Forex market is simple.The mechanics of a trade are virtually
identical to those found in the markets you are trading now.
A Forex trade is a trade in which one currency is valued against another.
An open position is one that is live and ongoing. As long as the position is open, its value
will fluctuate in accordance with the exchange rate in the market. Any profits and losses
will exist on paper only and will be reflected in your margin account. To close out your position,you conduct an equal and opposite trade in the same currency paid.
rates between two different currencies. Basically ,you buy one currency and sell the other
for the purpose of investment speculation. The goal is to make a profit when the value or
exchange rates of the currencies traded move in your favor.
Forex has more daily volume than any other market in the world. Taking place in the
major financial institutions across the globe, the Forex market is open 24 hours a day.
Forex trading often allows borrowing leverage up to 100 times your account value.
Remember that while leverage can help build profits quickly,it can also produce large,
catastrophic losses. Placing a trade in the Forex market is simple.The mechanics of a trade are virtually
identical to those found in the markets you are trading now.
A Forex trade is a trade in which one currency is valued against another.
An open position is one that is live and ongoing. As long as the position is open, its value
will fluctuate in accordance with the exchange rate in the market. Any profits and losses
will exist on paper only and will be reflected in your margin account. To close out your position,you conduct an equal and opposite trade in the same currency paid.
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