What Is Forex?

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on
earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than
the NASDAQ daily turnover.
FOREX is one of the latest crazes to sweep the world. Unlike the stock market which is
often ruled by those with inside knowledge, FOREX gives everyone an equal footing,
you can make good money even with very little experience.
FOREX is a thrill ride that just has to be experienced!

So, I'm not trading in companies?

No, The Forex goods (or merchandise) are the currencies of various countries. You buy
Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
No expert knowledge of an industry is needed, that is the beauty of FOREX, thousands
can be made whether you are 18 or 80!
How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the
fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around
1%, are multiplied by 100! That gives you absolutely massive earning potential!
If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the
last 4 hours, your profit will be 60% on your investment! Such can happen in one
business day, or in a few hours, even minutes!

Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts,
but you never lose more than what you initially risked and invested.

How do I start?

We recommend you read this e-book in full and digest all of the information that we will
give you. Our advice and information is based upon years of trading in Forex and in this
guide we aim to give you enough information to allow you to get started in currency
trading.
By carrying on reading you will learn about all of the fundamentals you need to know to
be a successful trader and we will also educate you on what to look for in choosing a
broker, training course, strategy service or even a piece of analysis software.
What’s more we have even tried the best of these services and unfortunately some of the
worst, we will tell you what these services are later so that you do not waste money on
products that simply do not live up to their promises.
So there we have it, you can start currency trading by reading this e-book and if you wish,
following our advice.

How do I trade Forex?


You select the pair of currencies with which you wish to make a Forex deal. You
determine the volume (the amount of the deal). You deposit the "margin" (collateral
needed to facilitate the deal. Usually - only a very small portion of the whole deal, say:
1% or 1:100).

Before you finally activate the deal, you can still "freeze" it for a few seconds (only
available at selected brokers). That enables you to either change the terms, or accept it as
is, or altogether regret the whole idea.

When your Forex deal is running, you can monitor its status and check scenarios online,
whenever you wish. You may change some terms in the deal, or close it. Ultimately, you
remain in control, only you can decide when the time is right to cash in your profit!
Some Forex brokers will even let you determine a "take-profit" rate, with which the deal
will close automatically for you, when and if such rate occurs in the market. Meaning:
you do not have to stay near your computer waiting for the right moment, you can go to
work, go shopping, or even got to the beach while the money is rolling in!