What Is Forex :
Forex means foreign exchange. This is the largest market in
the world where 4 trillion dollars are traded everyday.And this is nearly
impossible for all the share market of the world. Average daily trade in New
york stock exchange is about 30 million dollars. As it is the largest market in
the world, it cann't be controlled by any person, institute or any government.
What Do
You Need To Do In Forex Trading :
A computer with a fast internet connection and ability to
invest about $1000. You can trade more by leverage with the investment of
$1000. Maximum brokers give the leverage at a ratio of 1:200 . That means you
can trade about 0.2 million dollars by investing $1000 .
If you are interested in forex trading, you should know
about the following terms :
Broker :
You have to trade your money in this market by a company.
The company by which you will trade is called broker.
You will find many brokers in internet. Not every brokers
are reliable. If you really want to do forex trading, I'll recommend you this
broker. I am working here for 6 months. It's completely free to join. They will
give you a handsome fund to practice trading.
Leverage :
The scope to trade more than capital is called leverage.
Pip :
The Smallest variables in Currency is called a pip. 100 pips
= 1 cent.
