Sunday, December 30, 2007
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6:36 AM
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The word Forex is an abbreviation for The Foreign Exchange Market. This is the market in which all is bough and sold is money itself, which means that with certain currencies you can buy other kinds of currencies. It is the largest and most liquid financial market in the entire world. More than one trillion dollars exchange hands everyday on this market. It is a sea full of money with potential to make large and substantial profits. I explain on this article what Forex is all about and how it works. When talking about the Forex Market the following questions arise.1) How much money can I make at the Forex Market?A lot, you can make a fortune!2) Can I loose money at Forex?Yes you do. In fact you can loose your entire portfolio just minutes after you start trading.3) Is it volatile? Yes it is. It is very volatile.4) Is it risky?Yes it is. It is very risky.5) What is the leverage at this market?The leverage is usually 100:1 on most firms but sometimes 200:1 and some firms offer up to 400: 1 leverage. This means that for every dollar that you have available for trading you can borrow up to 100 to trade. So with $1000 USD you can control $100,000 of currency. No other market gives you so much liquidity and so much leverage at the same time.
Posted by
ramana
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