What is FOREX?

What is FOREX?

The FOREX Market (Foreign Exchange) is the biggest market in the world, where the average daily trading is over $1.9Trillion.This is a world wide market in which currencies are exchanged by various participants, such as world banks, multinational corporations, financial markets and most importantly – individual traders!YOU can be part of the excitement in the biggest trading market in the world, and share some of those $1.9 Trillion being exchanged daily! You can buy or sell Dollars, Euros, Yens, Pounds, and more, at a click of a button.All that’s needed is to chose a broker, sign up, and start trading Now! Join at any time - the FOREX market is always open, encompassing all time zones around the world (excluding Friday 10:00 pm GMT till Sunday 00:00 GMT). Most brokers offer web based trading platform, making it easy for you to trade anytime anywhere.If you are new to FOREX, many brokers will provide you with demo accounts, where you can practice trading with virtual money. Once you feel ready to start earning money, you can go ahead and open a real money account. Many brokers provide mini-accounts too, in which the initial deposits are lower than in the standard account.There is an abundance of educational tools out there, to help you learn the trade. Anything from books, land based classrooms, online guides, and even interactive simulators.While learning, it is advised to read users' forums to get the daily insight of what experienced traders are doing, until one day – you become one of the experts on the forum.The trick in FOREX is to trade on margin, meaning you are trading with capital borrowed from your broker. When choosing your broker you want the one who offers you the best terms. You also want to be aware of any risks involved in trading.Like everything else in life – practice makes perfect! It will take time to be an expert trader, but the liquidity is out there and the trading tools are easy to use, so you can start making money NOW!