Forex Currency Trading

The Easy Way to Earn Daily Interest on Your Money

Welcome to forex and currencies explained. This is an informational site designed to give you a better understanding of the fx, how to profit from trading these currencies and how to protect yourself, as much as possible from loss. Trading the forex does carry risk and you should not trade it with money that you are not comfortable losing. It also has some of the highest returns out of the myriad of investments out there, if traded properly.

How does the currency exchange differ from the Stock market?

1) You could lose your entire investment trading currencies if you don't know what you are doing. This market operates more like the Stock Options Market than the standard stock market.

2) While you are in a trade you can actually earn daily interest on your money. Not just a measly one or two percent a month like some money market accounts give you but percentage rates of up to 10% a day whether your investment goes up or down.

3) This market operates 24 hours a day all over the world instead of the few hours that the stock market is open.

Forex trading hours, trading time:

New York opens 8:00 am to 5:00 pm EST

Tokyo opens 7:00 pm to 4:00 am EST

Sydney opens 5:00 pm to 2:00 am EST

London opens 3:00 am to 12:00 noon EST

Currencies most frequently traded are the Yen, the British Pound, the Euro, the Swiss Franc and the Australian Dollar.

Most commonly traded currency pairs are:

• EUR/USD
• USD/JPY
• GBP/USD
• USD/CAD
• AUD/USD
• USD/CHF
• EUR/JPY

You are always trading in pairs. Each pair that you buy is sold in a unit called a lot. If you are trading on margin, one lot is equal to $1,000, which can control $100,000 in currency. So with just $1000 you have a huge amount of leverage in this market.

4) The number of options on what to trade are very few. Unlike the stock market where you may have to research hundreds of stocks, the foreign exchange consists of about  a half a dozen currencies that you are most likely to trade. This means much less research for you.

5) You can start with a very small portfolio and you get a much larger bang for your buck when trading on margin.

6) You can leverage a great deal of money in the Forex market without the stringent regulations of the Stock Market. For example you will be able to control $100,000 ( American Dollars ) for as little as $1,000.

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* all information contained on this site is for informational purposes only. It is not intended to give advice of any kind. No investment is completely safe. When making any kind of investment take into account what you can reasonably afford to lose. This site is run by an Independent Freedom Rocks Representative.