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Forex? What is it, anyway?
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. (click here to read
full market background by Easy-Forex™).
Markets are places to trade goods. The same goes with FOREX. 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.
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! (in
general, Easy-Forex™ offers trading ratios from 1:50 to
1:200). 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.
You can implement your choice (the pair of currencies, the
volume amount) under any direction to which the market is
moving, and yet make profit. It does not matter whether the
exchange rate is going up or down: you can always decide to buy
Euro and sell dollar, or vice versa - buy dollar and sell Euro.
You don't have to physically possess certain currencies in order
to perform "buy" or "sell" with them.
How do I start?
Register (Easy-Forex™ offers the simplest and
quickest registration process, no obligation); deposit your
first trading "margin" amount (credit cards are welcome, only by
Easy-Forex™); start trading.
It can't be simpler or easier than that. Need help? We'll
provide you with 1-on-1 training and service, as much as
necessary (Easy-Forex™ offers real people service, live, in
your own language).
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. That enables you to either change the terms,
or accept it as is, or altogether regret the whole idea. The
"freeze" feature is a unique service by Easy-Forex™.
When your Forex deal is running (you hold an "open position"),
you can monitor its status and check scenarios online, whenever
you wish. You may change some terms in the deal, or close it
(and cash the profit, if any, or minimize the loss, if any).
Moreover, Easy-Forex™ lets 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 when you hold open positions.
Want to know more? Want to get on-line training? Register here
(simple, quick, no obligation), we'll be glad to guide you,
every step of the way.
Good luck!
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