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Forex? What is it, anyway?
The market
The currency trading (FOREX) market is the biggest and the
fastest growing market on earth. Its daily turnover is more
than 2.5 trillion dollars, which is 100 times greater than
the NASDAQ daily turnover. (click
here to read full market background by Easy-Forex™).
Markets are places to trade goods. The same goes with FOREX.
The Forex goods (or merchandise) are the currencies of various
countries. You buy Euro, paying with US dollars, or you
sell Japanese Yens for Canadian dollars. That's all.
How does one profit in Forex?
Very simple and obvious: buy cheap and sell for more! The
profit is generated from the fluctuations (changes) in the
currency exchange market.
The nice thing about the FOREX market, is that regular daily
fluctuations, say - around 1%, are multiplied by 100! (in
general, Easy-Forex™
offers trading ratios from 1:50 to 1:200). If, for example,
the exchange rate of "your" pair of currencies increased
by 0.6% in the last 4 hours, your profit will be 60% on
your investment! Such can happen in one business day, or
in a few hours, even minutes.
Moreover, you cannot lose more than your "margin"! You may
profit unlimited amounts, but you never lose more than what
you initially risked and invested.
You can implement your choice (the pair of currencies, the
volume amount) under any direction to which the market is
moving, and yet make profit. It does not matter whether
the exchange rate is going up or down: you can always decide
to buy Euro and sell dollar, or vice versa - buy dollar
and sell Euro. You don't have to physically possess certain
currencies in order to perform "buy" or "sell" with them.
How do I start?
Register
(Easy-Forex™ offers the simplest and quickest registration
process, no obligation); deposit your first trading "margin"
amount (credit cards are welcome, only by Easy-Forex™);
start
trading.
It can't be simpler or easier than that. Need help? We'll
provide you with 1-on-1 training and service, as much as
necessary (Easy-Forex™
offers real people service, live, in your own language).
How do I trade Forex?
You select the pair of currencies with which you wish to
make a Forex deal. You determine the volume (the amount
of the deal). You deposit the "margin" (collateral needed
to facilitate the deal. Usually - only a very small portion
of the whole deal, say: 1% or 1:100).
Before you finally activate the deal, you can still "freeze"
it for a few seconds. That enables you to either change
the terms, or accept it as is, or altogether regret the
whole idea. The "freeze" feature is a unique service by
Easy-Forex™.
When your Forex deal is running (you hold an "open position"),
you can monitor its status and check scenarios online, whenever
you wish. You may change some terms in the deal, or close
it (and cash the profit, if any, or minimize the loss, if
any). Moreover, Easy-Forex™
lets you determine a "take-profit" rate, with which the
deal will close automatically for you, when and if such
rate occurs in the market. Meaning: you do not have to stay
near your computer when you hold open positions.
Want to know more? Want to get on-line training?
Register
here (simple, quick, no obligation), we'll be glad to
guide you, every step of the way.
Good
luck!
Forex trading involves substantial risk
of loss, and may not be suitable for everyone.
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