Wednesday, March 18, 2009

FOREX : what one needs to know

When starting to trade on the forex market, you ought to be aware of this market's specificity. The Forex market allows a trader to make profit when buying or selling. There is no commission per trade, but a spread between the buying and selling price. Familiarize with the basics. Wherever you invest, knowledge is vital.
What is Forex:
The Forex is the largest marketplace in the world with more than 1.8 trillion dollars changing hands daily and so making it one of the most attractive and lucrative markets.
How does the Forex work?
The forex market allows you to buy and sell currencies against each other and speculate on the differences in exchange rates.Making a transaction on the Forex Market is simple: the procedures are identical to that of any other market so switching to trading currencies is straightforward for most traders.

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