Sunday, May 14, 2006
Online Forex Trading - What is it?
Welcome to another day in world of Online Forex Trading - Your plateform to learn forex trading and to trade withe me
So what is Online Forex trading - Its just like trading stocks, only you do this trading against Forex (Foreign Exchange) or currency. These are traded in pairs such as GBP/USD, EUR/USD etc. You buy one anticipating that its value is going to rise e.g. the other and when it does, you sell it back to close trade. Example -
You think Euro is going to get stronger against Dollar and you buy 1000 Euro from your broker with rate of
1 Euro = 1.30 $.
Your observation goes right and at end of day value of Euro is
1 Euro = 1.31$
So you close the trade by giving 1000 Euro back to broker and taking back your dollars.
To understand more about forex trading, you can also visit -
FXCM - What is Forex trading
Now please remember that there is 200:1 in Forex market, so if your trade goes right, forex trading can give you a very handsome return. Also, the forex market is open 24 hrs a day and 6 days a week, so the liquidity too is very high. But obviously there are some better hours to do the forex trading. On this we'll go in detail tomorrow.
Also, tomorrow I'll tell you few things about my trading style and also about the trade if any I'll place tomorrow...
So stay tuned to learn Forex Trading.
So what is Online Forex trading - Its just like trading stocks, only you do this trading against Forex (Foreign Exchange) or currency. These are traded in pairs such as GBP/USD, EUR/USD etc. You buy one anticipating that its value is going to rise e.g. the other and when it does, you sell it back to close trade. Example -
You think Euro is going to get stronger against Dollar and you buy 1000 Euro from your broker with rate of
1 Euro = 1.30 $.
Your observation goes right and at end of day value of Euro is
1 Euro = 1.31$
So you close the trade by giving 1000 Euro back to broker and taking back your dollars.
To understand more about forex trading, you can also visit -
FXCM - What is Forex trading
Now please remember that there is 200:1 in Forex market, so if your trade goes right, forex trading can give you a very handsome return. Also, the forex market is open 24 hrs a day and 6 days a week, so the liquidity too is very high. But obviously there are some better hours to do the forex trading. On this we'll go in detail tomorrow.
Also, tomorrow I'll tell you few things about my trading style and also about the trade if any I'll place tomorrow...
So stay tuned to learn Forex Trading.
