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Welcome to Forex
The Foreign Exchange Market also known as Forex or Fx or Currency market is the Largest and the most active Market in the World. Largest because of the volume (More than 2 Trillion Dollars per day!) and active because it's a 24 hours market. Most of the trading takes place through Electronic Broking System also called as 'Robot' At any given time, in some part of the world, foreign exchange is traded..
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Few
years ago foreign exchange trading was limited to banks and other Large
Financial Institutions. In this electronic age, any individual can do
online trading with the help of computer and Internet. Almost all Banks,
Hedge funds, Pensions funds, Mutual funds are involved in foreign exchange
trading. Money can be made whether a currency is gaining in value or
loosing it's value.
Currencies
are always quoted in pairs. 4 major pairs traded are EUR/USD, USD/JPY,
GBP/USD and CHF/USD. Cross currencies are also traded. Pairs like EUR/JPY,
EUR/GBP, GBP/Jpy …etc are called as Cross pairs. Other than these
major and cross pairs, some minor pairs like AUD/USD, USD/CAD are also
traded giving the trader or investor, a freedom to trade in whichever
currency he/she chooses.
Other than Volume and Liquidity, Forex offers more to Traders and Investors.
· 24 Hours trading
· Commission free trading (Broker earning only from spread)
· Sell before you buy
· Margin Trading with leverage up to 200:1
· Hold position for long time
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Risk
Warning
Forex Trading is considered as High Risk / High Reward Business. The
investments in the forex Trading is exposed to high risks and should
be traded only with Risk Capital. There is no system which can guarantee
profits in forex trading.
