What is Forex?Forex (FX), sometimes known as Currency Trading, stands for the FOReign EXchange market. It’s the world’s largest financial market where currencies from a multitude of countries are being bought and sold. Until recently, this was the exclusive playground of banks and brokerage firms. Forex / Currency Trading has experienced phenomenal growth in recent years thanks to the internet revolution where retail investors are able to make their trades in the comfort of their homes or offices through online trading platforms. Because of the ease of currency trading, fortunes are made in forex everyday by common people such as you and me. But just as good money is being made, money is also being lost big time by inexperienced investors looking for a get rich quick system. In fact, studies show that up to 95% of traders are making a loss. What this means is that 5% of traders are making 100% of the money!!! Here's a great video course and mentorship program from an authority in currency trading education: Peter Bain reveals Commercial Forex
Trading Secrets Forex / Currency Trading is a high risk high rewards game. Venturing into it without the correct tools will almost very certainly lead to huge losses while an informed and disciplined trader may reap rewards far greater than a lifetime of work. This website was developed as a resource for forex newbies to graduate to smart wealthy forex traders. To be the 5%. What is Forex Scalping?Scalping is a strategy of opening and closing a position extremely quickly, sometimes within a few seconds or minutes. The strategy of scalping is to make small profits repeatedly while minimizing risks. What is Forex Broker?A forex broker is a middle man between the retail investor such as yourself and the market. Before trading over the internet became available, retail investors literally had to pick up their phones and call their broker to make a trade. With online forex trading platforms, forex / currency trading can now be done in real time and the role of a forex broker becomes virtually transparent. What is Forex Leveraging?Leveraging is the technique of controlling a large sum of money with a small investment capital (margin). For example, a 100:1 leverage means that for a $1,000 margin, you control a sum of $100,000 in the market. One of the reasons why forex / currency trading is so attractive is that most brokers offer leverage that is far larger than other investment vehicles, with 100:1 leverage not uncommon. What is Forex Hedging?Hedging is a technique of protecting an existing position by opening a new trade in the opposite direction, thus reducing losses if the original trade does not move as anticipated. Hedging if done properly, reduces risk but also limits profit. What is Forex Reserve?Forex Reserves (foreign exchange reserves) are foreign currency deposits held in banks, usually on behalf of governments. Forex reserves are normally used by governments for investment purposes, to repay the foreign debt or sometimes to stabilise a volatile market. What is Forex Swap?A forex swap is a technique where equal values of a currency are purchased and sold (or vice versa) at the same time. The first trade made at spot (current) value and the later trade at a forward value. Forex swaps are normally made for speculative purposes or to capitalise on different interest rates.
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If you are considering signing up for a forex trading course, we wholeheartedly recommend Peter Bain’s ForexMentor. Not only will you be able to learn at your own pace, but he also offers 90-day mentoring, along with a host of other training resources. |
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