Is there only one market for those who want to trade currency?

June 30, 2008 on 11:25 am | By advertising | In marketing |

so that means if I want to trade currency I have to trade on Forex? it is not like with stocks..

I just started reading about currency trading, never done it before.

Thank you for support.

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3 Comments

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  1. Forex seems the one that has the control on it but see if any brokers have foreign brokers that will trade for you.

    Comment by trailertrashsucks — June 30, 2008 #

  2. Hello Friend….

    Friend currency trading is Foreign exchange (FOREX) trading. If you wish to start trading then 1st get registered your self to any forex trading broker or dealer.
    Forex trading does not fetches instant results. one has to complete his homework before entering. learning and earning are the two mantras for winning the race. This means learn from every loss you occur can make you earn next time. Therefore these are the lessons which i learnt.

    1. Choosing the right platform to trade which has less brokerage fees and more facilities.
    2. Dont use market updates blindly. Refine and make them according to your use.
    3.Study charts thoroughly and make optimum use of it.
    4. Make use of stop loss and limit orders for booking profit.
    5. Proper risk management, this means a balanced portfolios.

    At the last, the moral of the story is if you are a newbie in forex take help of some experts like Finexo. and if you are experienced then opt learn and earn strategy.

    Comment by Alice — June 30, 2008 #

  3. Foreign currency trading (Forex) is carried out purely electronically by government and central as well as commercial banks, brokers, dealers, institutional investors and individual traders worldwide.

    There are no physical premises like a 'stock exchange' in a capital or major city and there is no overriding authority for the global forex market which is 'open' 24 hours between Sunday afternoon and Friday afternoon New York Time.

    Currencies are traded in pairs e.g. British Pounds and US Dollars (GBP/USD); prices fluctuate by a small amount continuously and are reflected by market supply and demand; they are affected or influenced by many factors, both economical and political.

    Forex trading is done through an online broker or dealer. A trader will buy (or sell) a pair of currencies but no foreign currency actually changes hands (it's more like an option) and a reversing trade takes place (controlled by the trader) within minutes, hours or a day or two. Profit or loss is made from the difference in the 'spot' prices of the two transactions.

    Forex trading is very risky without having sufficient knowledge and training. There is no need to pay money to any broker to begin to learn forex trading; many offer a free 'demo' account which allows you to trade 'on paper' to get the feel of forex trading first before risking your own money.

    Comment by AsiaAdvice — June 30, 2008 #

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