MONEY IN FOREX

HOW TO REALLY MAKE MONEY IN FOREX



What is Forex?

Foreign Exchange popularly renowed as Forex otherwise FX is a market used for the buying and selling of diverse currencies and it is one of the fastest growing avenues to making money online. Transactions on the market are complete through electronic process (Internet and telephone) through an intermediary called the Forex broker. However, major trading 'centers' exists in London, New York, and Tokyo. Other trading 'centers' are: Singapore, Frankfurt, Geneva & Zurich, Paris and Hong Kong. Forex market is made up of various players: individual trader, institutional traders, banks, other financial institutions (investment firms, pension funds and enclosed funds etc), and governments through their Central Banks. An estimated $3.5trillion worth of transactions are being traded daily on the market and it is opened 24/6. Forex market is an unfettered market, making it reachable to everyone and easily exited by its players. This makes it impossible to know the whole number of players in the market at a particular time.

A Forex Trading System That Works

Before using a Forex trading method, whatever it is, it is essential to test it on a virtual Forex account, but more especially, to check its effectiveness, look at the past charts and check how many winning orloosing trades the method generates.

No method is effective at 100% and all those who try to sell you this type of method get rich by the sales of their expensive ebooks, rather than by Forex. If I would hold a method as effective as affirmed by certain salesmen, I would not waste my time in intensive marketing to sell it, I would apply it with a real account at the forex!

what is forex trading ?

What is Forex Trading ?
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.

The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks

What is traded in Forex Trading ?
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.

When is the time to trade forex ?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends

The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.

All About Forex Trading

Foreign Exchange or Forex trading is done using the currencies, trading is done across countries (almost all countries) and that is how millions and millions are traded on a daily basis. The international trading market is similar in nature to the stock market, here also people buy and sell but obviously the international trading market is much bigger and larger than a country's stock exchange market. The prominent players in the Foreign Exchange trading include banks/ firms like Citigroup, Deutsche Bank, UBS, Barclays, HSBC, JP Morgan Chase, Morgan Stanley, Goldman Sachs, Merrill Lynch and ABN Amro, just to name a few.

In case you are interested in trading in the international market then you can go to any of the banks/ firms mentioned above and they are well equipped to handle your account and give you enough returns on your money. It is only with time that you start learning about the secrets of the trade and therefore it is advisable that first you do some research on your own and then enter the international trading market. Slowly and gradually you would start understanding where to invest and where not to invest.

The biggest players in the Foreign Exchange market are the big banks as they have plenty of money to invest on a daily basis and needless to say this is one way how these banks earn such hefty amounts. The money you park with the bank in your savings accounts are also at times utilized in making money by the bank. In case you are dealing with a small bank/ trading firm then it is advisable that before you embark on your vacation (planning to go abroad) you can enquire from your bank whether they have Foreign Exchange facilities or not. You can also get this information from the financial information sheet of a particular bank, as they have to bring it out for the general public, on a quarterly basis.

In case you are a novice to the Foreign Exchange market then you should first try and understand that in this trade one person or a group of people, one bank or a group of banks, one country or a group of countries are not involved, the trading takes place on a global basis and similarly many banks/ authorized brokers (of each country) are involved at the same time and needless to say millions and millions of people are involved as far international trading is concerned. The most traded/ preferred currencies that are traded in the international market include Dollars, Euros, Pounds, Swiss Franc, Australian Dollars and Japanese yen. Apart from the above there are many other currencies, of various other countries that are traded as well. The main international trading markets are based in New York, London and Tokyo. Again, apart from these centers there are many other smaller centers that are located in various other countries and even they are involved in Foreign Exchange market.

John Baker is an editor at http://www.ForexTopTen.com. By visiting the website http://www.forextopten.com you can read forex traders reviews about forex trading systems, trading courses, ebooks, softwares and brokers.

What the pros Online Forex Trading (Valas Online) compared with the traditional trading (offline)?

• Many online brokers provide commission-free facilities, whereas offline brokers typically charge $ 50 put on each settlement / open to close positions, you can directly monitor your open positions and buy or sell decisions 100% on your hands. Good for when you want to close the position, how much you'd like to play, plug in what position, etc.
• you can learn forex practice directly without using a broker service that is often less responsible for the profit / loss of clients (as though win or lose , in the end your broker will still get a commission), you can use a flexible number of lots (helpful for you who have limited capital), Spread (difference between selling price and buying) small (the smaller the better) so you probably higher profit.
• Distance message position (pending orders) are Relatively small (10 points) and closed position usually only 1-5 points only. Compare with offline broker who must be a minimum of pending orders from running 30 points and closed positions at least 10 points in order to break even.
• You to trade directly with service providers (brokerage) without an intermediary (middleman, often in Indonesia misconstrued as a broker), you'll get a very valuable experience in how to practice and practice trading by opening a free demo account and use a lot of trading software available on
• Available internet. many indicators, analysis, and trading software is very comprehensive on the Internet.

What are the advantages Forex (Valas) Online compared to other investments:

• Forex has a 2 way opportunities, meaning you can make a profit 2-way, when the market rises or even when the market falls. This does not apply to other types of investment (opportunity 1 way), for example shares.

• Forex Trading Opportunities for 24 hours a day 5 days a week, very high liquidity, meaning you can make buying and selling of foreign exchange instantly at any time without having to wait whether there is a buyer or seller.

• Existence Leverage function (the leverage / factor), which means that with Relatively small capital you can generate far greater returns. Example: Without leverage, you will only get $ 0.01/point with capital of $ 100. But with 1:100 leverage, you can generate $ 1/point with the same capital ($ 100).

• There are many brokers forex (foreign exchange) online which provides commission.

• Free facilities, the minimum capital is Relatively small, transaction costs (spread) a small, free flowers (without usury, kosher for Muslims), automated trading facilities (robots).