What is Forex?

What is Forex?

Forex, the Foreign Exchange Market, is an off exchange market, where you can trade one currency for another. For example, dollars for euros, euros for yen and so forth.

Why trade Forex?

Take a look at the Forex market today and see how prices fluctuate. If you buy low and sell high, you make profits. If the market moves against you, then you incur losses. Unlike with the stock market, when one currency is going down, there is always a currency that is going up, which makes Forex attractive for banks and hedge funds, businesses and retail investors. Continue

How do I know what currencies to buy or sell?

There are two general approaches to understanding the markets, including the Forex market. The first - technical analysis - focuses on price patterns and uses charting tools to discover them. The second - fundamental analysis - regards price behavior as a product of economic and political