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This network is intented to help both New as well as expericed Forex Traders and New Business Entrepreneurs understand the FX markets and to be able to make consistent gains in the market.

What is Forex?

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!

What is traded on the Foreign Exchange market?

The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).

Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.

How do You Make Money Trading Forex?

In the FX market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the Equity market), so if you have any experience in trading, you should be able to pick it up pretty quickly.

The object of Forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.

Example of making money by buying euros

*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500

Well there is quite a lot one can learn about forex Trading and how to trade profitably. If you have any questions you can PM me and I would be more than happy to assist you.

Let's together profit!

What is traded on the Foreign Exchange market?

How do You Make Money Trading Forex?

Example of making money by buying euros

*EUR 10,000 x 1.18 = US $11,800** EUR 10,000 x 1.25 = US $12,500

*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500