Source: /guides/forex-news-and-trends-21930/
Since you have decided to trade in foreign currency exchanges, it’s important you stay abreast of Forex news and trends. The Forex market is a money-making field. Read More »
Source: /guides/forex-key-terms-33304/
Many find the idea of trading currencies on the foreign exchange market to be an enticing way to invest money. It's important, though, for people to make sure that they fully understand the vocabulary that goes along with the trade. Read More »
Forex is a popular trading vehicle for investors. It stands for Foreign Exchange and is often referred to as FX. Foreign Exchange trading is a global market of currency trading. It is much larger than the New York Stock Exchange.
FX trading requires currencies to be bought and sold simultaneously. For example, a person might buy the Euro and sell the US Dollar. There are several currencies that are commonly bought and sold as a pair. Some of the most commonly traded pairs include the Euro and the US Dollar, the UK Pound and the US Dollar and the Japanese Yen and the US Dollar.
One advantage of forex trading over equity trading is the market hours. Unlike the New York Stock Exchange, which is only open from 8am to 5pm EST, the Foreign Exchange market is open 24 hours a day. Another key advantage is the low transaction cost and the lack of commissions. It is also an extremely liquid market, much more so than others.
If you are looking for more information about the foreign exchange for your business, please view the links on the left. Business.com is a great resource for practice accounts, brokers, dealers and news.