subject: How Does Forex Works? [print this page] Currency exchange Currency exchange
Forex is short for Foreign Exchange and cannot be compared with the shares (like Nasdaq). The currencies are traded between the central bank and the brokers. Currency can be traded in pairs, like EUR/USD. EUR is the basic and USD the second. This means that EUR/USD can be 1.3000 where one EUR is 1.3000 USD.
Forex products prices are displayed with two or four decimals (e.g. /$ 1.12 or 1.1234). The decimal holds the name pip. To be able to trade on the Forex Market, you'll need an account. The brokers can give you access to the market and offer different account types. A minimum deposit of $25 to $25,000 is required, when you like to enter the market with real money.
FOREIGN EXCHANGE TRADING
Forex (FOReign EXchange market) becomes one of the most attractive instruments for investment.
Forex boundless opportunities, such as absolute liquidity, round-the-clock operation, global scale, up-to-date
technologies have created a unique profession -Foreign Exchange Trader.
However, the art of making money using Forex trading, despite its simplicity, is not an easy matter.
How to double initial capital with forex trading
Let's say exchange rate has changed 1% throughout the day. How to earn 100% in this situation, or in other words - how to double the capital? Well, that's simple! Our dealing center provides "free credit" (leverage) that could be 99 times bigger than your initial capital, so you can put an order for the amount of 100 your initial capitals - so you get 100 times more opportunities in Forex to make profits on little exchange rate fluctuations.
by: Richard wise
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