A proper Introduction to the Forex in my own Way

Hello and I just thought I have to do things the right way. I will be posting strategies and stuffs here about forex and I just gave it a thought, What if i have someone who does not know anything at all about the forex? Then I think we have to introduce someone to the FOREX WORLD. Come along.

The forex market (Forex gotten from the words "FOReign and EXchange) is believed to be the largest market in the world today making a daily turn over of 1.9 - 2. 0 trillion dollars daily! Now i heard you clearing your throat. That is hard to believe but its true. That is about 10 times, or maybe 100 times more than what Canada or USA makes per year. Thats really awesome.

Then you ask me how is the money made? Now the forex market is a virtual market with no office no where, it involves sellers and buyers buying and selling a different sets of currencies. Its just like the normal foreign exchange. You will buy a currency when you think its going to appreciate and sell when you think its going to depreciate. So all you have to do is just sit at your computer, do analysis of events and decided whether you wanna buy the dollar or you wanna sell it. And your decision will let you know how much money you are going home with. Just like that.

Now it may sound so easy but its not easy, you have to really know your stuff before its gonna be like that. You need to do your home work! The forex market opens 24 hours, 5 days a week. And all you need is just your computer and an internet connection on it. If you have that, then you can trade the forex.

So lets summarise what you need to trade the forex:

* A computer
* Internet Connection
* A forex broker e.g Marketiva that allows you to start with as low as 5 dollars in your account.
*The technical and the fundamental know hows.

If you have these, then you are ready to start trading. Thank God there will be discussions here daily talking about the forex market live and you can always come back to learn and ask questions.

The forex market, however, is a very risky place but its worth the risk. You may lose all you put into the market if you do not do your homework very well. Thats why it is always advised not to trade with what you cannot afford to lose. It has advantages that are pretty well over the disadvantages. Lets see the advantages:

* Liquidity - Very High
* Instant execution of Orders - A certainty with most brokers. Chose well
* 24 hours market - So you may as well convert your sleeping time to money time.
* High Leverage - So you dont have to take all the risk alone. Your broker is with you in it.
* Very Low Capital start up - You dont have to rob a bank to start.

So what are you thinking about? Its a worthwhile investment and job opportunity for those of us who hate white collar jobs.

You are free to ask questions or make additions, i might have omitted something or there is something you dont understand, feel free to say it, you are always welcome.

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Have a great day.