Friday, June 12, 2009

WHAT IS ONLINE FOREX TRADING?

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 1990 when the computer and internet revolution made it possible and more convenient for small investors like you and me to invest in Forex.

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