Forex Trading

Forex Trading Basics in simple words


forex tradingIn this article, I will try to cover the information about forex trading. Forex stands for Foreign Exchange. Actually forex market is a huge market. It is difficult to cover that market within a few words. There is so many attraction and quick money people see in this market. The doors of this market is open for all of the people around the globe. Any single person can do forex trading, whether he has some kinda disability, aged or house wife.


The main thing in this factor is learning in the initial time and then proper analysis of market. What are the things that you need to do forex trading? The answer is simple a little bit knowledge, a computer/laptop or even a mobile phone with internet connection. A person can trade in forex market easily, but he will need to have a middle man. That middle man is a forex agent or forex broker. This is because a normal person can not open a trade in market without any affiliation. The broker is a person who opens the trade on behalf of trader behind the screen.


Brokers in Forex Trading


Why we need brokers? Because brokers are already in market. They give you leverage to buy $100,000 lot with smallest possible amount. Without broker, I don’t think that a normal person will be able to invest $100,000 in forex market. So, the broker is necessary for that purpose. There are so many brokers offers minimum amount of investment, that can be $1 in initial stage.


New traders who are trying to learn forex trading has an opportunity to trade without money. Now the question is how? The answer is, almost every broker allow demo forex trading accounts. In those trading accounts, traders can trade with virtual money. They can make money by trading, that will be their practices. It will not give them money, but it will give them experience. By using demo accounts, traders understand the market’s ups and downs. It helps them to learn the analysis of market.


Commodities in trading other than Forex Trading


Brokers not only offer foreign exchange, they also offer other commodities to trade with. For example, trader can trade in gold, silver, platinum, palladium, copper and other metals. They can also trade with crops like wheat, cotton, coffee, orange juice etc. Oil is another commodity to trade with. Here I am talking about forex (Foreign Exchange). Forex market has almost 200+ currency pairs. What are currency pairs? you can read here!


Please watch video about 7 basic forex rules!


  1. On another hand, it’s very dangerous for green futures dealers who attempt to forecast the marketplace
    and wonder without having sufficient capital or knowledge.
    s blind discovery inside the Elsa Zone proves there might be some prospects in the huge
    Dog Bone Ridge target area. Currencies can and they
    make savvy investors big profits and therefore are a great diversification from volatile stock markets.

  2. You are so awesome! I do not suppose I’ve truly read something like that before.

    So wonderful to find another person with original thoughts on this subject matter.
    Seriously.. thanks for starting this up. This web site is something that is required on the internet, someone with a little

  3. This Broker is a huge scam Do not even think about open an account with them. They ask you to put more money “they call it be serious” if you do not put more money they get mad at you and lock your account saying that you lost all your funds. Allan Maxwell locked my account with no reason i lost my money.? Thanks to Joan who assisted me in getting back all my money


Please enter your comment!
Please enter your name here