Earn Part Time income right from your Phone!
Do you want to spend more time your family?
Learn how to create more freedom now!
You Need To See This.
The foreign exchange market, or FOREX, is the platform where global currencies are traded. It is an absolutely massive market, easily dwarfing the stock market with an average traded value of around the U.S. $2 billion each day. It is truly the iceberg of global markets.
There are many unique qualities of the Forex market, including its decentralized nature. There are no central hubs for this kind of trading, unlike N.Y. Stock Exchange. Instead, currency trading is conducted electronically over the counter (OTC), meaning all transactions occur via computer networks between traders around the world. Anyone with a computer and Internet access can do it!
What makes this market stand out, however, is that it never closes. With traders in Zurich, New York, Hong Kong, Tokyo, etc., this market spans almost every time zone on the planet. When the U.S. stock market closes for the day, the Forex market has begun in Asian countries like Japan. As a result, the Forex market can be active at any time of day, with price quotes changing constantly.
Electronic FOREX trading is cost-effective. The cost to trade with most FOREX brokers is the difference between the bid and the asking price, which is referred to as the spread. Spreads in the FOREX market tend to be tighter than stocks and other securities.
• Most electronic FOREX brokers offer margin-based trading accounts. These differ from credit-based accounts. When trading in a margin account, one must open an account with their broker, then fund the account by depositing money in it. Once this happens, one can engage in a trading activity as long as one has sufficient margin in the account. Leverage then makes it possible to trade larger positions than would be otherwise possible if based upon the account’s actual balance. This provides greater potential for returns.
• You can make a profit through FOREX trading regardless of the market’s direction. A short sale refers to the selling of a position before it is bought and is easily done. To make a profit on this type of sale, you must buy back the position for less than what you received for it when it was sold. The ability to enter in short-sales ensures that you can make a profit regardless of which way the market is trending.
Need more reasons? Check out my site for more details and how you can get started trading in the world’s largest financial market today.
Take a look at my website for details on an exciting new way to earn from home.
No comments yet
