What is Currency (forex) trading ?

Question

how can start this? while I am far away from metroes. Can U help me

Answer 1

Best Answer - Chosen by Voters

GO TO SITES LIKE MONEYCONTROL.COM AND ICICIDIRECT.COM

Answer 2

The currency (foreign exchange) market is the largest and oldest financial market in the world. It is also called the foreign exchange market, or "FOREX" or "FX" market for short. It is the biggest and most liquid market in the world, and it is traded mainly through the 24 hour-a-day inter-bank currency market - the primary market for currencies. The forex market is a cash (or "spot") inter-bank market. By comparison, the currency futures market is only one per cent as big. You have to find a good broker I use Oanda.
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Answer 3

Just as the prices of stocks, commodities, buillion etc. keep changing evey minute or second - so does the value of different currencies of different countries. A currency trader would typically anticipate movements in one currency against the other and execute his trades accordingly. Currencies of developed countries like the USD, Euro, Yen are the ones which are most actively traded.This is a specialised field which would require you to invest a lot of effort in studying the fundamentals of the economy of the country whose currency you propose to trade, its trade balance, interest rate situation, monetary policies and controls, out-look of its central banker etc. Typically, the margins in currency trading are very low and its a volumes game - where most participants are big financial institutions and individual traders are generally professionals who have substantial experice in this business. In India, because of capital account controls - only those forex transactions which are specifically permitted by the RBI for various business and small personsal purposes can be undertaken. Currency trading is therefore illegal for Indian residents as the same is not permitted.

Answer 4

I think Paul U's answer hit the nail on the head. If your just starting out, look for a Forex program that you can test first before investing real money. I checked out the website teampip.com and it seems really great!

Answer 5

CMS Forex is a leader in foreign
currency trading online. provide
competitive trading terms, advanced
technology and excellent customer
service to foster trustworthy
and confident Forex trading.

for further details
http://www.cmsfx.com/
hope this helps

Answer 6

Hi,

I could introduce you to one brokerage company in Austria that allows to trade online from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread for currency pairs from 1 pip for shares from 5 pip. Commission for cfd from 0.15%; rollover – 0 USD. Very small initial deposit required – just from $150. Terminal: MetaTrader 4 with free charts and many technical indicators.
If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years. Also I'll send you for free some e-books despite I bought its.

Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create really huge income.

If you are interesting and/or have any question please pm or e-mail me (press on my name) and I provide you with further information.

Good luck!

Source(s):

Forex trader

Answer 7

Currency Forex is the platform where the country’s currency is exchanged for that of another. The forex market is the leading economic marketplace in the world, with the equivalent of almost $2 trillion turnover daily or more than thrice the cumulative sum of the US Equity and Treasury markets.

In contrast to the global stock markets or other monetary markets, Forex is traded without the restraints of a centralized physical exchange. In other words, Currency Forex markets have no material location and no central exchange. Dealings are instead accomplished by means of telephone or the Internet. Currency Forex market functions through a worldwide system of banks, conglomerates and individuals trading one currency for another. Lack of a tangible exchange facilitates the market to work 24 hours a day, spanning from one region to other in all the key financial centers.

If you need more information on trading currency, you may wish to visit http://forex.mygeneralknowledge.com/.

Source(s):

http://forex.mygeneralknowledge.com/

Answer 8

Besides reviewing all the sites mentioned the nice thing about Forex is that you can actually learn while trading a demo account and not risking a single penny of your hard earned money. You know ....the old learn by doing trick!

I am assembling another Trading Team to practice and review a couple of Forex strategies. We love welcoming new members to the team. This way we can all learn together.

Drop me a line if interested.

Paul

www.teampip.com