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Forex is a global currency exchange market, thanks to which each of us can earn money on increasing and decreasing of the rates of exchange.
The daily turnover of the Forex market is around 4 trillion dollars. It is 40 times more than the daily turnover of Wall Street and 8 times more than GDP of Poland throughout the whole year.
Forex is:
– An easy access. All you need is a computer with an access to the Internet.
– Speed. Immediate execution of orders.
– Low first deposit. Relative low level of the first deposit.
– Financial leverage. The leverage increases the possibilities of the deposit.
– Resources. The possibility of trading gold, oil and other resources.
– Partnership. Broker is (should be!) your support.
– Round the clock availability. It is available round the clock apart from the weekends.
– And high risk. Remember about it!
Thanks to the time differences around the world and the adjusted hours in which markets in the world operate, the investors can place orders and invest round the clock.
Rates of exchange depend on: policy of the countries, state of economy, monetary policy, level of the investment abroad, international goods exchange.
How to start trading on the Forex market?
1. Learn as much as you can about trading on Forex
2. Choose the best broker
3. Start with a demo account and do some virtual practice
4. Learn how to invest and create your own strategy
5. Open a real account and deal with real money
How to choose the best forex broker? Check out our ranking of best FX platforms.