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Thread: Forex

  1. #1
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    Default Forex

    Forex is an international foreign exchange market and an imposing part of a financial world. On FX market, foreign currencies with the specified date of delivery are bought and sold. The currency market has no definite address or headquarters. Forex is a global trading computerized system with wide movements of financial flows. Foreign currencies, stocks, oil and metals are traded on the Foreign Exchange Market.

    That is why, in addition to commodity and stock markets there is a global currency market, open around the clock (except for weekends and holidays), where trade is held mostly via Internet. The main participants of Forex are first of all central and commercial international banks and companies that are involved in export and import activities.

    Forex market is a decentralized system, where members are related to each other. Development of the modern telecommunication facilities has led to establishment of a new type of trade, a so-called remote trading, run by electronic dealing systems which are gradually replacing traditional telephone dealing.

    In Forex market it is possible to buy a currency, for example, the euro (EUR), the Swiss franc (CHF) or the Japanese yen (JPY). Operations and movements in Forex market determine the ratio of the freely convertible world currency rates. All currencies involved in trade are represented in the market with a floating rate of exchange.

    Trading on Forex has astonishing volumes with a daily turnover equaling 3 trillion US dollars, thus exceeding the volumes of trade in the stock market by almost 50 times. Over the last few years Forex has become more popular, thus, today it is a widespread and profitable type of business. Around 80% of the conducted trades are targeted to gain yield from the difference in currency quoting rates.

    FX market is the most widespread among the nowadays existing platforms. Its participants have a chance to collect considerable profits in a short period of time. Usually, there is a small initial capital needed for trading since currencies have a maximal liquidity level being trading instruments. Thus, there is no situation, when a counterpart for a certain trade is absent on Forex.

    It is believed that Forex market is more popular than stock markets. Nonetheless, it does not imply that Forex trading is much easier than operating with stocks, even though there are fewer subtleties. Besides, the reason for such availability is also a low amount of the beginning capital mentioned above. Not everybody can get to the stock market; on the contrary, on Forex one can start working with a few US dollars. If needed, the broker provides a margin for trader.

    Of course, the profit is not so high on Forex market; however, the risk of losing everything is feeble.

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    Now, there is а lоt оf реорlе whо wаnt tо stаrt оut trаdіng fоrех. but surely, we must try to use demo account to learn about forex trading. Then,we will be able to know how to trade well in forex trading. Is there any one who has use forex training from FreshForex? Try to visit this link

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    Now, there is а lоt оf реорlе whо wаnt tо stаrt оut trаdіng fоrех. but surely, we must try to use demo account to learn about forex trading. Then,we will be able to know how to trade well in forex trading. Is there any one who has use forex training from FreshForex?

  4. #4

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    Quote Originally Posted by Lucien View Post
    Now, there is а lоt оf реорlе whо wаnt tо stаrt оut trаdіng fоrех. but surely, we must try to use demo account to learn about forex trading. Then,we will be able to know how to trade well in forex trading. Is there any one who has use forex training from FreshForex?
    Not only newbies but Demo accounts are very useful for experienced traders too, where they can test their skills and strategies without risking their capital.

  5. #5

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    Quote Originally Posted by Lucien View Post
    Now, there is а lоt оf реорlе whо wаnt tо stаrt оut trаdіng fоrех. but surely, we must try to use demo account to learn about forex trading. Then,we will be able to know how to trade well in forex trading. Is there any one who has use forex training from FreshForex?
    Not only newbies but Demo accounts are very useful for experienced traders too, where they can test their skills and strategies without risking their capital.

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    Quote Originally Posted by orni308 View Post
    Not only newbies but Demo accounts are very useful for experienced traders too, where they can test their skills and strategies without risking their capital.
    i'm still use demo account for EA enhancement process, but some brokers give a very different trading condition between demo and real account. and it lead many beginner while having their 1st real account, some are got easily profit while demo and when traded real the opposite happen. personally i use ECN account with armada markets, and i'm still use their demo account service for test my ea setting before apply to real account, since they have identical trading condition both real and demo account, i can maximize my trading system when apply with their real account trading condition.

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    Quote Originally Posted by orni308 View Post
    Not only newbies but Demo accounts are very useful for experienced traders too, where they can test their skills and strategies without risking their capital.
    yes, of course, a demo account is very useful both for novice traders and professional traders. we can use a demo account to practice trading and test trading strategies. therefore we need to use a demo account with a good

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    Quote Originally Posted by Lucien View Post
    yes, of course, a demo account is very useful both for novice traders and professional traders. we can use a demo account to practice trading and test trading strategies. therefore we need to use a demo account with a good
    Demo account must be used as well as possible cause it will help us to more understand about forex. for new trader, it will be very helpful. We also can use it to take part in trading contest if our broker hold it. But for me, i just use demo account in TenkoFx to trade as usual.

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