What it is – Forex?
Forex - is the largest foreign exchange market in the world, where turnover exceeds 1,5 trillion dollars for the day. Compared to other similar markets, Forex have no physical location or Home Exchange. Its operation is carried out by means of an electronic network, linking banks, corporations and traders, are engaged in foreign exchange operations.
The basis of Forex - is money. Here are bought and sold every world currency. Through these actions anyone can make good money here. To do this, buy one currency and sell it enough at a favorable rate.
The essence of Forex and stock markets is money trade, but they are slightly different to each other. The first level of liquidity is much higher compared to the second. I.e, daily in the Forex currency going higher turnover. The main difference between Forex is the lack of accurate physical address and clock work. Therefore, Forex traders and banks from around the world are working a full week without a break.
What You Should Know?
Forex offers higher leverage. Where you can earn a lot more if you have experience and knowledge of the market. Under the same conditions, and also have the opportunity to play, so it all depends on the player.
Before the release of the Forex should be acquainted with the specific terms. Beginners often difficult to get acquainted with these Mart. Indicating the currency symbol is made up of two halves, where the first is the currency, second - the second currency used. for example, “usdjpy” It is a combination of the US dollar and yen. However, the network a lot of materials, You can see the terminology.
To start trading as suitable solution to work with a broker. They are professionals in the market, that can provide a good experience for beginners. several major factors to consider when choosing a broker. It is necessary to refer to the, who offers the lowest spreads. It is the difference between the price, for which the currency is bought and the cost, for which it can be sold. Since brokers do not account for fee, spread or difference is their main source of income.
It should be understood, that the selected broker should be associated with any financial institution. In most cases, they rely on a bank or other institution. If there is no such connection broker, it is not necessary to choose. Selecting also need to stop at the broker, registered as a company proxy urgent operations. His control is carried out by a special body - CFTC.
