NOTE: THIS BLOG IS STILL UNDER CONSTRUCTION AND IN THE PROCESS OF IMPORTING PREVIOUS BLOG CONTENT AS WELL AS BUILDING A PROPER WEBSITE. AT THE MEANTIME, I AM UPDATING NEW POSTS ON STRATEGIES AND MY PERSONAL TRADING LOG.

What is Forex

The foreign exchange market, better known as FX or Forex, is the biggest and fatest growing financial market where currencies are traded. Trading of currency is done over the counter (OTC) from one major financial centre to another.

The Forex Market...

  • is bigger than all the worlds stock markets combined? (2 Trillion a day)
  • money traded in one day is more than the US government spends in a year?
  • is open 24 hours a day - Sunday night through Friday night (EST)?
  • is as simple as trading a maximum of 4 currency pairs compared to the complexity of 8,000 stocks listed on the major exchanges?
  • requires no brokerage commissions?
  • allows you to control $400,000 in the currency markets with only $1,000 out-of-pocket? Greater leverage on your capital.
  • can, if optimized properly, produce higher returns monthly that what most banks and mutual funds offer annually?


So, what is so special about Forex when we compare against stock?



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more basics about Forex!


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