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ONLINE FOREX TRADING

Welcome to our Online Forex Trading page; where are to teach realtime money making opportunities with the simple and easy way of trading foreign Currenry called FOREX MARKET....


What is forex?
The word forex is derived from FOReign EXchange and is the largest financial market in the world. The foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world. The market open 24 hours per day and has an estimated $1.9 trillion in turnover every day. This tremendous turnover is more than the combination of all the worlds’ stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade. Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.
The currency in the market is always trade in pairs. The four most traded currency being Euro (EUR), Japanese Yen (JPY), Pound sterling (GBP) and Swiss France (CHF).

Currency Pair examples
EUR/USD Euro/ US Dollar
GBP/USD Pound sterling/ US Dollar
USD/JPY US Dollar/Japanese Yen
USD/CHF US Dollar/Swiss France
USD/CAD US Dollar/ Canadian Dollar
AUD/USD Australian Dollar/ US Dollar
NZD/USD New Zealand Dollar/ US Dollar
As you can see from the above table over 90% of all currencies are traded against the US Dollar.
When you see FX quotes, you will actually see two numbers. The first number is called the bid and the second number is called the offer (sometimes called the ASK).


Example:
EUR / USD 0.9950 / 0.9955
Bid / Ask Bid price / Ask price
Bid price is the price traders are prepared to buy the Euro against the US Dollar.
Ask price is the price traders are prepared to sell the Euro against the US Dollar.
You will notice that there is a difference between the bid and the offer price (ask) and that is called spread. A spread is like the charges of broker from every trader or order you place on there platform.
To carry on from the symbol conventions and using our previous EUR quote of 0.9550 bid, that means that 1Euro = 0.9550 US Dollars. The most common increment of currencies is the PIP. If the EUR/USD moves from 0.9550 to 0.9551 that is one Pip. A pip is the last decimal place of a quotation. The pips or POINT as it is sometimes referred to depending on context is how we will measure our profit or loss.