what is forex?
how to learn this?
is coaching classes in south tamilnadu?
what is the best forex trading?
is this forex business is good?
which is the best ..part time/full time?
any bodies plz advise..
Hello,i want to know forex trading?
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Answers (7)
Forex trading is an international exchange for currency (money) trading, mostly run by giant banks.
To be successful at Forex, you need three things:
1) Lots of money. I'm talking metric shit-tons of cold, hard, cash money.
2) An advanced understanding of statistical math and finance.
3) Years, perhaps even decades, of education and experience.
If you don't have these things, it's basically a pyramid scheme. Seriously, you might as well play roulette for a living.
Forex trading is all about Currency trading. As far as a beginners are concerned you may learn what Forex trading is all about from
Forums
Blogs
and news sites which are entirely dedicated for Forex.
Forex Business is good if you can manage your funds well.Time does not matter and the volume you are trading matters.
Proper Forex trade practice is always good and will yield you nice results.
Forex trading as it relates to individual retail investors and traders is the speculation of the future rate of a particular currency pair. For example, traders who think that the rate of the EURUSD will go up might may decide to buy, or go long, the EURUSD in the Forex market. If a trader thinks the currency rate or price will go down they will sell, or go short, the particular currency pair they are interested in.
The foreign exchange market, also termed as forex, FX, or currency market, is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
The Forex (FOReign EXchange) market appeared at the end of the 1970s after many countries decided to unpeg their currency value from that of the US dollar or gold. This led to the forming of an international market on which currency could be exchanged and traded freely. Today, Forex is the largest financial market in the world. It doesn’t matter where you live or even where you are right now; as long as you have access to the internet, a trading terminal (a special program for trading Forex) and an account with a Forex broker, all the instruments and opportunities of Forex are open to you.Source: alpari.com, "Forex Trading with Alpari: Dependability and Innovation in Trading"