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Tuesday, March 16, 2010

Money making in forex|

4:11 PM



During Ancient times our ancestors trade their extra stone knife or arrow heads for someone else’s warm fur blanket. This process is also known as barter. Therefore we can conclude that trading is as old as the human race. lmost every country has its own currency, but only what they call “major” currencies are used for trading in the Forex market. These are the following, Euro, Japanese yen, British pounds, Swiss Franc and of course Australian, Canadian and US dollars. The reason for this is that the countries mention above are known as the most politically and economically stable than some other currencies. Forex market is plainly about buying and/or selling different country’s currency in the Global market. Investors today are more genius; they are not only up to portfolio stuffed only with bonds and stocks.
Forex market is open five days a week, 24 hours a day. A trading starts in Sydney, Australia and steps from one time zone to another until it reaches the New York City, the last market to open in a day.
So how do we enter this kind of business? Surprisingly, it’s so easy to get in to the Forex market. All you need is a computer, fast internet connection, money to cover your first trades, though minimum deposit may vary you have to consider the all the available opportunities. There are different software programs available online where you can browse and start doing your trades. You have to do your homework by trying all the free trial software online and not stick to one site. Forex trading is such an exciting way to make money, but when done in the wrong way it can be very expensive.

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