empty"/nnHello all!
Do you want to understand what Forex?
Why do people engage in Forex? In general, what is it? To date, forex or FOREX - is one of the most frequently used and cited new economic concepts of life and the people who apply to us and often distant in his daily activities from the sphere of economics and finance, asked to explain this particular concept.
The word "Forex" Forex - an abbreviation for English words FOReign EXchange operation, which in free translation sounds like "Transactions with foreign exchange. Hence it is clear and the purpose of the forex market - the implementation of these most operations. Simply put, the Forex market made almost the same operations that are performed in exchange rates: one currency is exchanged for another, or else you say "in one currency buys another."
To evaluate the benefits of the market FOREX, must understand its significant differences from the network exchange points. The main differences are: Forex is exchanged solely non-cash money, here there are huge volumes of trade: the daily turnover on the market is up to 3 trillion dollars! The Forex market operates around the clock, six days a week. Indeed, once the market is international, then at any time for him to be, you can access from anywhere in the world. At Forex there is no definite location. In this regard, Forex is similar to the Internet: in different parts of the Earth's people, using various means to communicate among themselves, buying and selling currencies. So what Forex - is not a specific place or organization, and the network, through which the river flowed currency.
How could earn in the market Forex? Market participants - dealers (or traders, as they are known in the English style) are associated with him through the so-called brokerage firms. Brokerage company provides the trader a special computer program - trading terminal. With its help, the trader receives information about changing the time courses of the world's major currencies, and can also make transactions on purchase and sale of a currency and constantly monitor your account. Also, the brokerage company provides its clients at the time of the transaction, or a special credit, the so-called dealing leverage, many times the funds of the client in the transaction. For example, when the lever 1:200 trader can make a deal for the sale in the amount of 200.000 U.S. dollars, having to its credit only 1.000 dollars.
Main feature of FOREX - is the ability to conduct profitable operations, regardless of market movements up or down. You can open the position as the purchase and sale. In one case, our goal is to buy cheaper and sell dearer; in others - first to sell more, and then buy cheaper. High yield and low transaction costs due to the fact that the FOREX market traditionally has no commission expenses, except for natural market difference between the purchase price and sale price - the so-called SPREAD (spread), provided by the trader broker.
The initial cost of entry into this business today is very small. They consist of the costs of initial training, purchase of a computer, pay for Internet services and the formation of a deposit - all of this is from a few hundred up to 1-2 thousand dollars, of course, that kind of money is no other business could not create. The rest depends on the trader. The main thing is that the market requires for success - no amount of money with which you enter it, and the ability to constantly focus on the study of the market, understanding its mechanisms and participants' interests, it is the continuous improvement of their trading approach and discipline in their implementation. We wish you every success on this path in the pursuit of goals!