What is forex market and can anyone explains how it works.?

Question

What is forex market and can anyone explains how it works.?

Answer 1

Friend,

At present people have various options where one can invest their money based on different constraints like money, risk, duration, profit etc.. New forms of investment are coming up which fetches huge profit and can even incur heavy losses. One of the latest ways of trading is in “Forex” market which is also called foreign exchange.

Forex market is a perfect place for a active trader. Foreign markets are open 24 hours a day where a trader can login or exit anytime. That’s why it is called money multiplier market.

You can know everything about forex, trading techniques, concepts in very simple language here:

http://forextradingguru.blogspot.com/

http://www.finexo.com/infoCenter/5548

Answer 2

View It Now    FinanceExtends (dot) com

Answer 3

Its the largest and most liquid market out there. You trade one currency against another. The more expensive currency is usually listed first in the pair, like GBPUSD or USDCAD. If a pair goes up that means that the first currency in the pair becomes more expensive than the second. So if EURUSD goes up from 1.4 to 1.5 that means you now need 1.5 dollars to buy a euro vs 1.4 before.

Currencies trade in increments called pips which are 1/100 of a cent. Usually to make money trading them you need high leverage to make anything worthwhile. This high leverage has been the undoing of many novice traders since most firms will give you more than you can handle and if you dont know any risk management you can easily blow out your account.

I have been trading it for about a year, I think its more challenging than trading stocks but its not impossible to learn if you are careful and practice with fake money first.

Answer 4

The Foreign Exchange trades currency 'pairs' - like the US Dollar - English Pound, English Pound - Euro, Euro-Swiss Franc, USD-Japanese Yen, etc

Whereas the Stock Market in the USA moves $25 Billion

Monday through Friday 9:30 to 4:30pm

The Forex begins Sunday afternoon 5pm eastern time - and ends late Friday night (10 PM) - - and only moves $3 TRILLION a day. And it's open almost 24 hours a day - around the world.

The best part - there are NO broker fees - the managers make the commission on the 'spreads' - the difference in price between bid and ask. (kinda like the stock market - but you have to pay the $10 or so on each side of the trade)

Just getting to know all the details myself - have never traded it - but hope to this summer when I can study it more.

all the best

Answer 5

This guy is an expert at Forex and gives away his secrets to making thousands per month using Forex.

See here http://www.ihavetoadmit.com/forex_ebook....

Answer 6

This site contains info that explains what this is all about

http://forextrading.nmaskuri.com/

Answer 7

Forex or Foreign exchange is the trading of contracts of currency pair exchange rate. It is a NON-DELIVERY trade, which means that there is no physical transaction of currencies, but it is rather an agreement, or "contract" (FOREX DEAL), to trade specific volume of a pair of currencies at an agreed exchange rate.

The Forex market is the biggest market on earth today. It has a daily turnover of more than 2.5 trillion US$ (more than 100 times greater than NASDAQ), and it's still growing.  Millions of traders from all over the world are trading Forex online. The participants are banks, business organizations - large and small, and obviously many private individuals.  There is no centralized location for trading as there is in futures or stocks. Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide. Daily market turnover has skyrocketed from approximately 5 billion USD in 1977, to a staggering 2.5 trillion (and more) US dollars today. This is more than 100 times the daily turnover of the NASDAQ.  

Most foreign exchange activity consists of the spot business between the US dollar and the six major currencies (Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar). The FOREX market is so large, and is hosting so many participants, that no single player, governments included, can directly control or make any significant influence over the direction of the market.

Register to the site below for further information and download a Free Ebook for your readings.  Should you wish to try forex trading, for a minimum deposit of $100 you will be provided a personal  Account Service manager as your personal consultant who will serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available.  He is even tasked to trade with you until you get familiar familiar with the system.  one good feature of this site is there is no software to download which means you can start trading anytime, anywhere upon login and they allow you to use your credit card to fund your account so you can trade even if your bank is not available and therefore there are no worries that you will lose your position.  To top it all, they can even set your Take Profit and Stop Loss rates so that you are assured to earn unlimited gains but not lose more than your authorized amount.

Answer 8

The best way I explain it to people is "genius" hah. I love high returns and Forex trading takes care of my entire income.

If you're interested here are reviews of the top 3 selling Forex trading systems: http://forex-tracer.the-perfect-solution...

Make an educated decision before spending!

Answer 9

Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.

Here is a free site that shows what has happened after economic news releases:

http://www.forexnewspatterns.com