Online Forex Trading is about buying or selling of currency pairs such as Euro
versus the US Dollar, the Dollar vs. the Japanese Yen (and a lot more) without
having to physically change your money. If you invest in company stocks, you
invest in a corporation, think about Forex trading as investing in a currency
versus another currency. In essence, Online Forex Trading is about using your
money to invest in money.
Unknown to most people, the Forex Market is the Biggest Financial Market in the
world with an average of approximately 1.9 Trillion US Dollars changing hands
on any given day. It is where Banks, Investors, and Speculators exchange one
Country’s currency with another. Although modern forex trading has been around
since the early 20th century it was not easily accessible to individuals due to the
high capital requirement and cumbersome technology. It was only well after the
1990s when the computer and internet revolution made it possible and more
convenient for small investors like you and me to invest in Forex.
Monday, June 29, 2009
WHAT IS ONLINE FOREX TRADING?
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