TradingForex.com Posted December 14, 2012 Share Posted December 14, 2012 Foreign exchange or Forex as common named can be simply described as the exchange of one type of a currency for another. It is known as the world's largest financial market, with approximately $5 trillion per day on trading volume and the number keeps on rising. Comparing this to the New York Stock Exchange, with a daily $50bn turnover it’s easy to see how the worldwide Forex market is the biggest financial market in the world. Before the Forex Market got so big the foreign exchange trading was mostly for large banks and institutional traders. Since then technology has advanced making it possible for anyone wishing to trade Forex easy as they can use various trading platforms to trade either on their pc or mobile device. The Forex market is considered an Over the Counter market as it is run electronically, within a network of banks on a 24/7 basis. The currencies of the world are always traded in pairs and are divided in major and minor currencies with majors being the ones that are mostly traded daily and minors the currency pairs that don't contain the U.S. dollar. (Note: the dollar is the most traded currency worldwide) An example of a currency pair exchange is: a trader who believes that the rate of the EUR/GBP will go up therefore deciding to buy (go long) the EUR against the GBP. If a trader thinks the EUR/GBP will go down then he will sell (go short) the GBP against the EUR. If your predictions turn out to be correct you will then be able to make the opposite deal meaning he will exchange this first currency back for that other and make profit from it. www.tradingforex.com Quote Link to comment Share on other sites More sharing options...
chintu Posted January 6, 2013 Share Posted January 6, 2013 Forex is nothing but buying and selling the currency that is way we say it as foreign exchange that me we are exchange the currency we have to buy the other currency and the best example is when we move to other country so in the airport we will exchange our currency to that particular country currency . so here we do trading of currency that mean we will but a currency and see them when they are more with value of that what we buy . Quote Link to comment Share on other sites More sharing options...
luke1 Posted January 7, 2013 Share Posted January 7, 2013 Well, it is good to give the explanation about forex here. But, it is not enough here. We can find more information about forex in google search. And even it is more complete with many way to trade. Also, the most important thing here we have to download the free trading platform to try Quote Link to comment Share on other sites More sharing options...
tirus Posted January 8, 2013 Share Posted January 8, 2013 Its good though that this comes as a discussion in a thread because from here there would varying ways to look at forex trading as a way to earn online and give reason for others who are not yet into it to explore. A good understanding of forex is necessary in order to have a solid foundation. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 11, 2013 Share Posted January 11, 2013 Yes because most of the new members will be looking into the forex discussion section for the very common thread and to learn forex also there are some people joining the forum so here they should be getting some basic information of forex and its working . i to appreciate for starting this thread . Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 13, 2013 Share Posted February 13, 2013 Forex or Foreign exchange is the simultaneous buying of one currency and selling of the other. Its the leverage which makes Forex trading so potential. However we should chose the right leverage very judiciously. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 13, 2013 Share Posted February 13, 2013 Well talking about this I think that forex trading is just the type of market which we need and have to be careful of. Because even the leverage as you said here can as well contribute to loss so that is why its important for us to cotrol our leverage. Quote Link to comment Share on other sites More sharing options...
bimal321 Posted April 22, 2013 Share Posted April 22, 2013 Forex is trading business of different currency. Where different currency are trading daily. Buy currency and sell currency is called Forex business. It is largest trading business of the world because this market is 30 times more bigger then US economy. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 23, 2013 Share Posted April 23, 2013 Forex or Foreign exchange is the buying and selling of currency pairs with a view to make profits. We have to Learn and practice Forex trading. We must have choose broker which provide service for us. we have to search review about the broker in forex forums or other sources. We have to be careful when choosing broker if we don't wanna get scam broker. Quote Link to comment Share on other sites More sharing options...
davils9 Posted May 26, 2013 Share Posted May 26, 2013 forexis a earning platform every man can earn money from forex if he want to do this . so he need a little and sort training and be happy for his work to leave his greed . then he will be success in forex Quote Link to comment Share on other sites More sharing options...
davils9 Posted June 11, 2013 Share Posted June 11, 2013 Forex is a good business. It a currency trading business. When a man want to earn money he need to learn more and more. He can join a forex trading school or can open a demo account . By the demo account he can learn more knowledge about it, then he want to be a good trader. Quote Link to comment Share on other sites More sharing options...
euro Posted September 17, 2013 Share Posted September 17, 2013 Just like you say, forex is a huge market and there is potential for earning profits but also very high risk so newbie must beware of risks and that they could lose a lot of money as well. Now, if you're a really smart person, who knows everything about forex and practice well in a demo. You will win some profits. All will depends on you. You will make money if you're a disciplined trader. Now, go and make money but don't rush and lose it all. Trade during weekdays like Monday as there are more movement to make money. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 26, 2014 Share Posted January 26, 2014 There are varieties of definition to what Forex is and what trading in Forex is all about. It is left for the trader to understand it in his own best way. It wouldn't be wrong to see it as an internationally recognized business which centers on trading with the different foreign currencies against each other in a bid to make profit. Quote Link to comment Share on other sites More sharing options...
standart Posted January 27, 2014 Share Posted January 27, 2014 forex market is the largest market in the world. total sum of daily transaction reach more than $3 trillion. when traders have good trading strategy and work with good strategy, have chance to generate decent income in a day. as far as good trading opportunity or setup appear in the market. Quote Link to comment Share on other sites More sharing options...
surya77 Posted February 9, 2014 Share Posted February 9, 2014 forex is largest market investment place, you can enjoy more in here if you know how to trading with good strategy. forex market is give you way to become success/rich in short or medium time. Quote Link to comment Share on other sites More sharing options...
standart Posted February 9, 2014 Share Posted February 9, 2014 forex is largest market in the world. total daily transaction sum reach $5 trillion currently. it something that other market unable to match up. however, this business risky and make people losing money if they are have no sufficient skills and strategy which enabling them to predict the future market movement in accurate way. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted February 10, 2014 Share Posted February 10, 2014 Forex is a really good one bussiness in a new world its really a cool and its true that we got many profits by thisone so prefer thisone and do better work and earn from this its a easy way to earn money from home by using internet ireally like it and do it and earn good amount i suggest you to take this bussiness. Quote Link to comment Share on other sites More sharing options...
tray22 Posted February 22, 2014 Share Posted February 22, 2014 Forex trading is one of the risky business which i ever see but as per this this learning is involve here for any trader to see good things in here; its simply the buying and selling process of the business of forex which you can get anything through giving out one currency to that of another Quote Link to comment Share on other sites More sharing options...
Decub Posted February 23, 2014 Share Posted February 23, 2014 The definition can go and on but anyone who is ever willing to trade in Forex should understand that it is such a complex business that hardly would a trader succeed in it without knowledge and skills to overcome the adversaries with it. Quote Link to comment Share on other sites More sharing options...
adil007 Posted February 23, 2014 Share Posted February 23, 2014 Well forex is just we ca say a business in which anyone could hop in and start off his experience in this field, it can be seen as a means of comfortable earning from our home without having to stick to an office with proper timing daily also it can be said as currency exchanging as well. Quote Link to comment Share on other sites More sharing options...
Stekin Posted March 3, 2014 Share Posted March 3, 2014 Forex is a type of online trading that the trader trading in here buy and sell different foreign currency. It is the best online business that any body can do in other to have the peace of mind for him or her not to get scammed. You can trade in the forex market in full time or part time. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted April 17, 2014 Share Posted April 17, 2014 Forex is almost practically nothing but buying and advertising and marketing the forex that is way we have been declaring it as Intercontinental Trade that me we are Trade the forex we have to purchase A further forex and The perfect occasion is Anytime we head over to other place so within the airport We're going to Trade our forex to that specific place currency . Quote Link to comment Share on other sites More sharing options...
Decub Posted April 19, 2014 Share Posted April 19, 2014 Forex keeps changing and has even taking the dimension and become a major influence in the international community. A business which has a lot of influence when it comes to major financial decision because of a lot of players that are involved in it. It would be recalled that the business is the largest financial market in the world. Quote Link to comment Share on other sites More sharing options...
letter5 Posted July 7, 2014 Share Posted July 7, 2014 i think that forex is all about selling and exchanging currency then it is from there that we can be able to make our profit but at times we may also loose on our trades. Quote Link to comment Share on other sites More sharing options...
letter5 Posted July 7, 2014 Share Posted July 7, 2014 i think that forex is all about selling and exchanging currency then it is from there that we can be able to make our profit but at times we may also loose on our trades. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.