Forex Information

The Forex Market

The largest financial market on earth, with a daily turnover of 200 trillion dollars (100 times greater than the NASDAQ)!!

What is the forex market?

The trade of currency exchange rates, performed worldwide (24 X 7 X 365), between banks, institutions, organizations, traders and private individuals.


The basics of Forex

Forex ("Foreign Exchange") deals are "non-delivery" currency deals: it is trading the rates of currency pairs (e.g. USD/YEN), where deals are usually made with a proportional margin, or collateral, thus leveraging the deal volume, to ratios of 1:50 or even up to 1:300 ratio.
Background and valuable information about Forex….


Who can trade Forex?

Anyone on earth.



What does one need for trading Forex?

The vast majority of the world's Forex trading is done via internet. All one needs is a computer with access to the internet.


What is the average volume of Forex deals?

The market serves any size of currency rate deals. From $25 (margin) to many millions.


What are the risks involved?

Most Forex dealers offer limited risk deals: the money deposited, allocated in advance for the deal margin, is the maximum that the trader could lose. Traders should be aware of currency rate fluctuations, working both ways at a multiplied pace, due to the leverage facilitated by the margin.


How does one open a forex account?

Just by contacting a Forex dealer (which could be a bank, or a Forex firm, or a Forex agent, etc.). Some Forex internet trading platforms enable on-line registration via internet. Few Forex internet trading platform offer their trading clients the use of credit card.


How does one train in Forex?

It is strongly recommended that a trader should be well informed and knowledgeable. There are many information sources, available on the internet (you are welcome to click here for one...). Some Forex dealers offer "Demo" accounts, however – the real training is via real trading, starting with little amounts.