What is traded in the Forex? The answer is simple: money. Currency trading is buying one currency and selling another. Currencies are traded or traded through a broker or broker, and are operated in pairs, for example the Euro and U.S. dollar (EUR / USD) or the British pound and Japanese Yen (GBP / JPY).
Because you are not buying anything physical, this kind of trading can be confusing. Consider buying a currency as buying a share of a country particular. When you buy a Japanese Yen, you are buying a share of the Japanese economy because the price of money is a direct reflection of what the market thinks about the current and future Japanese economy
In summary, the rate exchange of one currency against another is a reflection of the economy of a country's economy compared to another country.
Unlike other financial markets like the New York Stock Exchange, em Forex market has neither a physical location nor a central exchange. The Forex market is considered a counter (OTC) or "interbank" market, due to the fact that the entire market is run electronically, within a network of banks continuously over a period of 24 hours.
Until late 1990, only the "big guys" could participate in this game. The initial requirement to have 10 to 50 million dollars to get started!
The Foreign Exchange Market was originally designed to be used by bankers and large institutions - and not by us "little." However, because of the advent of the Internet, online Forex trading firms can now be operated for "retail" operators such as us. Everything you need to get started is a computer, high speed Internet, and adequate information that this site delivers. Thus Forex Make Money on the Internet was created to show, teach and train effectively and from basic to all people who want to make money online through this market
What is a Spot Market?
A spot market is any market that trades in the current price of a financial instrument.
What Coins or currency are traded?
most popular currencies along with their symbols are shown below:
| Symbol | Country | Currency | Nickname |
| USD | U.S. | Dollar | Buck |
| EUR | Euro | Euro | Fiber |
| JPY | Japan | Yen | Yen |
| | | Pound | |
| | CHF Suiza | Franc | Swissy |
| CAD | | Dollar | Loonie |
| AUD | | Dollar | |
| NZD | New Zealand | Dollar | Kiwi |
Symbols of the coin Currencies are always three letters, where the first two identify the name of the country and the third letter identifies the name of the currency.
When can operate with currencies?
The spot Forex market is unique in world markets. It's like a Super Hyper-market that is open 24 hours a day. All the while, somewhere in the world a financial center that is open for business, and banks and other institutions exchange currencies every hour of the day and night with only spaces during weekends.
currency markets follow the sun around the world, so you can trade late at night (if you're a vampire) or in the morning (if you're an early riser).
| | New York Time | GMT |
| Sydney Opening | 05:00 pm | 22:00 |
| Sydney Close | 2:00 | 7:00 |
| Tokyo Opening | 7:00 pm | 0:00 |
| | 4:00 a.m. | 9:00 |
| London Opening | 3:00 a.m. | 8 : 00 |
| Close London | 12:00 p.m. | 17:00 |
| Opening New York | | 13:00 |
| Close | 5:00 pm | 22:00 |
Why trade currencies?
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market: •
- No fees: No exchange fee, no opening or closing. Brokers earn money only through the spread - difference between purchase price and sale - English BID and ASK.
- out why: spot forex operations eliminated the middlemen, and enable you to operate directly on the market without
- Operations lot size: In futures markets, the lot size are preset and this quantity determines the price. For example, silver has a lot size of 5000 oz. In forex, you can set the size allowing "small" part with very small amounts (of the order of 200 USD, then explain that it is not a good idea to operate with low amounts)
- Low price in the transaction: The cost of the transaction (purchase price difference v / s sale) in the forex market are the lowest in the financial world, reaching figures of less than 0.1%. Of course, this difference is determined by the conditions of your account and the currency in which it operates.
- A 24-hour market open: No wait the opening bell - from Sunday evening to Friday morning (time Europe), the currency never sleep. This is awesome suitable for all people who have limited amount of time available
- No one can corner the market: The forex market is so vast and has so many participants that no single entity (or central bank) can control the market price for an extended period of time.
- The Gearing (leverage): In Forex trading, a small deposit gives scope for a great position control. Is that the broker "lends" money to you in order to increase their returns. For example, Forex brokers offer 200 to 1 leverage, which means that a deposit of $ 50 EUR allow a trader to buy or sell $ 10,000 euros. Similarly, with $ 500 EUR, one could trade with $ 100,000 euros, and so on. But leverage is a double-edged sword. Without proper risk management, a high degree of leverage can lead to big losses and big profits.
- High liquidity: Because the Forex market is so huge, it is also very liquid. This means that under normal marketing conditions, with a click of a mouse you can instantaneously buy and sell. You will never be "stuck" in one operation. All conditions of its operation will be fulfilled: Take profits (Take Profit or T / P) and assume loss (Stop Loss or S / L), market orders (market orders), etc. Demo Accounts
- , News, Charts & Analysis: Most forex brokers (forex brokeers) are concerned that you learn and participate in the market (without going further in Internet Make Money Forex selected two platforms we recommend getting to know them only click on the banners)
- Operations "Mini" and "Micro": You would think that to start trading in forex requires a lot of capital, tons of money, etc. In fact, compared to the stock market, both actions, such as futures and options, forex market is more affordable for people. The brokers who are on the internet (again recommend forex companies advertise on this site) accounts offer "mini" and "micro" to participate and earn money online in the forex market with very low deposits, the order between 100 and $ 200 minimum.
What is needed to start?
A computer with high speed Internet and all information on this site, as well as eager to learn.
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