Interested in FOREX Trading?
The Foreign Exchange Market (FOREX) has no central exchange location yet it's the largest financial market in the world. it's over 3x’s the size of the stock and futures markets combined and operates via an electronic network of a banks, corporations and investors.
Foreign exchange consists of a simultaneous buying of one currency and selling of another. Currency is traded in pairs, in other words, one currency is traded for another. The major currencies are:
Index➤ Tips for Intelligent Investing
➤ Open a Savings Bank Account
➤ Investing in Bonds
➤ Investing through the 401(k)
➤ Certificate of Deposit
➤ Individual Retirement Account (IRA)
➤ Investing in the Stock Market
➤ Mutual Funds
➤ Real Estate Investment Trust - REIT
➤ Gold and Precious Metals
Tips for Intelligent Investing
Goal - Setting
Goals can be short or long term, your eye may be on a beautiful Porsche in a dealership downtown, or maybe, your aspirations are more familial and it's a home that's on your mind. A college loan, a formidable-looking mortgage, or even a trip to one of those picture postcard tropical paradises you see so often, plastered across the centerfold of some coffee table travelogue, without a planned investment strategy spread over a number of years, one cannot hope to ever generate the amount of money required to bring any of these dreams to fruition.
All investment goals are invariably influenced by factors such as age, income, marital status and work opportunities. Setting yourself goals for investment can be...
- USD –. United States Dollar
- EUR –. Euro members Euro
- JPY –. Japan Yen
- GBP –. Great Britian pound
- CHF –. Switzerland franc
- CAD –. Canadian dollar
- AUD –. Australia dollar
There are 2 types of investors involved in the FOREX market.The first type of investor is the hedger. The hedger is involved in International trades and utilizes FOREX trading to protect their interest in a transaction from adverse currency fluctuations. The 2nd type of investor is the speculator who invests in currency solely for profit.
Currency prices fluctuate due to a variety of economic and political factors. The major factors are:
- Interest rates
- International trade
- Political stability
There are many reasons investors take a great interest in FX trading Some of the major reasons are:
- No fees
- No middlemen
- No fixed trade sizes
- Low transaction cost
- High liquidity
- Instant transactions
- Low margin / High leverage
- 24 hour market
- Online access via online trading platforms
- Always good opportunities to trade, unlike the stock market the market is never bullish or bearish.
- No one entity can control the market
- No insider trading can occur
To begin trading in the FOREX market, an investor only needs a computer, a high-speed internet connection and an online trading currency account. A mini account can be opened for as little as $100.
These are some of the reasons why FOREX trading has become quite popular in recent years. For more information on getting started in FX Trading visit http://www.fx-trading-guide.com/