An Explanation Of How Forex Trading Works

It was then I decided to write this article and explain briefly what it is and how it could be used. If this investment system interests you I suggest you research further before investing your money.

WHAT IS FOREX ?

The Foreign Exchange, called "Forex" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. It is many times larger than the New York Stock Exchange.
What is traded on the Forex Exchange? The easy answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD).
The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF).
Because there is no central exchange for the Forex market, these pairs are traded over the telephone and online through a global network of banks, multinational corporations, brokers and currency traders.

BENEFITS OF FOREX TRADING:

LEVERAGE: When you trade in the Forex market, a small margin deposit can allow you to control a much larger total contract value. Leverage gives the trader the ability to make very nice profits and at the same time keep the risk of losing your cash to a minimum.
LIQUIDITY: Because the Forex Market is so very large, it is normally very easy to sell and turn your trade to cash. This means that by clicking your mouse you can quickly buy and sell.
PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: One of the most exciting advantages of the Forex market is the ability to generate profits whether a currency pair rising or falling.
24HRS: From Sunday evening to Friday Afternoon EST the Forex market is open for business.
DEMO ACCOUNTS: These are available so you can practice without the chance of losing any capital.

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

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