Friday, August 14, 2009

Forex what is it anyway?

FOREX is literally an abbreviation of the words Foreign Exchange - the trading of International Currencies.

The market
The currency trading (FOREX) market is the biggest market on earth with a daily turnover of more than 3 trillion dollars. The participants in this market are banks, organizations, investors and private individuals.

The Forex goods are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. Or perhaps you're simply exchanging the pound or dollar to buy an overseas property.

How does one profit in Forex?

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