Saturday, January 24, 2009

What is Forex?

The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is
the largest financial market in the world, with over $1.2 trillion changing hands
every single day. If you compare that to the $25 billion a day volume that the
New York Stock Exchange trades, you see how giant the Foreign Exchange
really is. In fact it is three times larger than all of the US Equity and Treasury
markets combined!
What is traded on the Foreign Exchange? The answer is money. Forex trading
is where the currency of one nation is traded for that of another. Therefore,
Forex trading is always traded in pairs. The most commonly traded currency
pairs are traded against the US Dollar (USD). They are called ‘the Majors'. The
major currency pairs are the Euro Dollar (EUR/USD); the British Pound
(GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF).
The notable ‘commodity’ currency pairs that trade are the Canadian Dollar
(USD/CAD) and the Australian Dollar AUD/USD. Because there is not a central
exchange for the Forex market, these pairs and their crosses are traded over the
telephone and online through a global network of banks, multinational
corporations, importers and exporters, brokers and currency traders.
Traditionally, currency trading has been a 'professionals only' market available
exclusively to banks and large institutions, however, because of the rise of the
new E-economy, online Forex trading firms are now able to offer trading
accounts to 'retail' traders like you and I. Now almost anyone with a computer
and an Internet connection can trade currencies just like the world's largest
banks do. There are now over 6 million trading accounts worldwide up from 1.7
million in 1997.

The Day Trade Forex System: Six Steps to Success


“How You Can Earn $50 to $500 A Day Currency Trading From The Comfort of Your Own Home!”

Did you know that more and more business opportunity seekers worldwide are
discovering the powerful profit potential of Foreign Exchange trading? In this
business, there are no employees to hire, no advertising, no products to stock,
no downlines to fill--just you, an Internet connection and a computer. That's all
you need to make money on the worlds largest market. If you are searching for
an alternative to more traditional home-based business opportunities, then Forex
trading may be what you’ve been looking for.
Our purpose is to empower, mentor and train currency traders all around the
world who would like to Day Trade Forex as their main source of income. For
those looking for a significant part-time income, we believe Currency Trading is
the vehicle to use. Our aim is to assist you to:
Stay Disciplined—To learn how to manage risk effectively.
1.
Keep Objective—To trade in a non-emotional, intelligent way.
2.
Trade with Confidence—To know exactly when to trade.
3.
Become Systematic—To generate your own Forex buy/sell signals.
4.
The goal is to earn $50 to $500 per trade and minimize losses on losing trades
using technical indicators on charts, which I will explain later on in this course.
The potential to profit is there for those who trade this system. The great thing
about Forex trading is that you can test this system for FREE on a demo account
using virtual money, before you risk one penny on actual trades.
You will be able to join my team of traders as you advance step-by-step through
this guide. We will begin by explaining what Forex is and all the benefits of
trading currencies

FOREX'S SECRET HOW TO AUTOMATICALLY GENERATE MONEY THROUGH FOREIGN CURRENCY MARKET

This is biggest secret. This not the secret how want to be the internet millionaire which teaches you make works such as waiting cheque emanate from USA, fill in form survey, see advertisement web for hours and others loiter.
This biggest secret is kept by the professional investor and rich persons adepts

WHAT WOULD YOU
NEED?
1)Yourself
2)Personal Computer (Belong To yours Or Cybercafe)
3)Internet Connection
4)Seat And Table
P.S ( Coffee is proposed!)

At first, I felt sceptical because of how I, a person not are informed in economic field can understand this FOREX's system. For your information, in my first day start playing with FOREX, I can generate USD2000.00!! sound easy right!!