10:05 PM
muhmad
What is Forex Trading?
Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.
For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/ USD.
Forex trades can be placed through a broker or market maker.order can be placed with just a few clicks and the broker then passes the order along to a partner in the Interbank Market to fill your position. When you close your trade, the broker closes the position on the Interbank Market and credits your account with the loss or gain. This can all happen literally within a few seconds.
Forex trading is typically done through a broker or market maker. As a forex trader you can choose a currency pair that you expect to change in value and place a trade accordingly. For example, if you had purchased 2,000 Euros in January of 2006, it would have cost you around $1,900 USD.
Throughout 2006 the Euro’s value vs. the U.S. Dollar’s value increased. At the end of the year 2,000 Euros was worth $2,500 U.S. Dollars. If you had chosen to end your trade at that point, you would have a $100 gain.
2 comments:
I am familiar with this trading option and do also earned a good amount. I started this option two months back and love to invest currency trading because this is far more easy than other trading options.
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