Forex stands for Foreign Exchange and is to trade currencies in the hope of making money on changes in exchange rates. Here it is possible to earn quite a lot in a short time.
Forex trading is also called currency speculation or currency trading. The goal is of course to make money. Some make it for the thrill of it, but the main argument to begin with forex is that it is potentially extremely profitable.
You can risk becoming a millionaire in just minutes if you do a good trade in forex. It often require that you invest a lot of money, or that you gearing your investment so that you can earn big money even with small amounts.
Trade in forex
to trade in forex you must first open an account with an online broker offering forex trading, usually the "forex brokers" recommended, that specializes in just this type of trading.
Good online brokers forex trading
Read more about these forex broker clean on their website by clicking on the link, or read our description further down this page.
How to make money forex
recipe for making money on the forex is simple:
All you have to do is exchange one currency X to currency Y and Y value if their currency appreciates against the currency X, you will make money. You can then switch back value Y with value X, and now you have more money of the value X than you had initially.
As you can see include a forex trade of a simultaneous purchase and sale. You sell one currency and buying another currency. Every time you "switch" a currency, so it is both a purchase and a sale involved.
Forex market is huge
Forex market is the largest financial market in the world. It's bigger than all the stock markets combined, with a turnover of several trillion dollars every day.
It is thus extreme sums of money exchanged in value every day. Some of currency trading takes place because businesses need other currencies, or because tourists must have local currency to trade in. The speculative trading of currency is a significant part of daily turnover, and here there are many who earn good money, both from private investors and businesses.
Low risk: The great benefit of forex market is the low liquidity risk. No markets in the world has such a low risk that the foreign exchange market in terms of liquidity. You will always be able to sell or buy a currency without problems.
Choose a good forex broker
to trade in forex, it must be done via a web-based broker. It pays to choose a cheap service that is used by a large number of traders.
Preferred online brokers forex trading:
- easyMarkets is also a good candidate for those who want to trade in forex. The advantage of easyMarkets is that you get good daily reports on the market, giving you lots of tips and indications of the value that can be good to buy or sell at any time. Good tools for technical analysis, they also, as well as a mobile application that you can use to trade with when you are not sitting in front of the computer.
- AvaTrade is probably a popular online broker offering forex trading. Here you will find online forex course where you will learn how to trade currencies in a profitable manner over the internet. They give you pretty much all the info needed to start with forex. Besides excellent courses in forex, they have an award-winning trading platform that is suitable for both beginners and professional traders. There are over 200 products to trade in currencies and commodities.
A network broker above and start shopping with a small amount to start with. When you find a profitable strategy can benefit from scaling up and invest with greater amounts, the probability is very high that it works on a small scale will also work with much larger amounts.
All the above online brokers are popular and safe alternatives, and operated by serious companies that are licensed by the fiscal authorities.
Forex can be rich, and there are many who make money on this. Remember, you should only invest money that you can afford to lose! A skilled trader can earn millions a month on forex trading.