Trade Forex Online
So you want to learn online forex trading because you've read fantastic stories on how lucrative it can be. Congratulations! Your currency trading research starts with this beginning article on what it is and facts you need to know before you get started. Starting with online forex trading makes this opportunity even more appealing.
Forex is also known as the Foreign Exchange market, FX Market, or foreign currency trading. Basically, it is buying world currencies when they are low and then reselling them when they go up in value. A currency trade transaction occurs when one buys a currency and sells a different currency in one deal.
Currencies are offered in pairs such as Euro/USD (Europe/US Dollar), CHF/USD (Swiss Franc/US Dollar), USD/JPY (US Dollar/Japanese Yen), and others. The world's largest trading market is forex with an average of $1.5 trillion of exchanges happening on a daily basis.
Currency trading doesn't operate from a central location as futures or stock markets do which makes the market available around the clock to every trader in the world. The forex trading day starts when Sydney, Australia starts its financial centers and moves from there to Tokyo, London, and finally New York.
Modern technology has greatly enhanced the opportunity to participate in currency trading through online forex trading making it totally accessible to anyone with a computer and Internet access.