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October 16, 2011

Forex trading
Currencies are traded from various countries against each other.
The word Forex is an abbreviation for a variety of foreign exchange.
For example, in Europe, called the Trading Currency Euro (EUR), and because it is the common currency of European countries The United States is called currency trading the U.S. dollar (U.S. $) because it is the official currency.

Example of a forex trading: The sale of the U.S. dollar to buy the euro. This is called buying on EUR / USD.
How to Trade Forex?
Foreign currencies are traded through a broker or market maker (called brokerage houses), you can choose a spouse who expects to change its value and begin to trade in this currency.
For example, if you had bought 1000 euros in a month, it may cost you $ 1,400.
In the course of the value of the euro against the U.S. dollar at the end of 1000 euros was worth $ 1700 U.S. dollars.
If you have decided to end your transaction at this point, you will have a profit equal to $ 300.
You can start the deal through an intermediary trading forex. Can place orders by clicks on your computer then your system by going to the partner banks in the market to fill your position. When you close your transaction, close the broker market position in the Inter bank and credit your account with the loss or profit. This can occur within a few seconds.