Search


  Daily Star Sections
  Lebanon
  Middle East
  Lebanon News
  Politics
  Business
  Local News
  Lebanon Examiner
  Spotlight
  Editorial
  Opinion
  Law
  Snapshots
  Arts & Culture
  Forbes Features
  SCI & TECH
  Health
  Odd News
  News Briefs
  Readers' Letters
  Star Scene
  Photo Essay
  Today in Brief
  Site Services
  Registration
  PDF version
  ePaper
  Archives
  Research Tool
  News in Video
  Live TV
  Movie Guide
  Job Finder
  Fun & Games
  Sudoku online
  Horoscope
  Weather
  Food Recipes
  Fitness Videos
  Soccer Stats
  Currencies
  Forex Trader
  Travel Guide
  SMS Alerts
  DS Toolbar
  Gifts Shop
  DS Store
  Classifieds
  Forum
  RSS Feeds
  Add DS Headlines
  Ringtones & Logos
  ePaper Exclusive
  More Politics
  More Business
  Business Agenda
  Movie Guide
  Daily Guide
  Today in History
  Cultural Agenda
  Supplements
 

Forex? What is it, anyway?

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.

How do I start?

Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.

It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the "margin" (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still "freeze" it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The "freeze" feature is a unique service by Easy-Forex™.

When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we'll be glad to guide you, every step of the way.

Good luck!

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

» Forex? What is it, anyway?
» Click to read the Forex Daily Outlook
» Click to read the Forex Weekly Outlook
» Forex eBook - Read and Learn
 
 

Privacy Policy | Anti-Spamming Policy | Copyright Policy | Jobs@Daily Star

 
Copyright © 2009, The Daily Star. All rights reserved. Click here to contact our syndication department for permission to republish or make other authorized use of this material. Contact the Online editor to report any problems with the site or to send your comments and suggestions.
 
MIDDLE EAST NEWS
Politics. . . . . . . . . . . . . . . . . .
» 35 Egypt police hurt as soccer violence simmers
» Iran has ‘not responded positively’ to nuclear offer
» Abbas confirms Palestinian vote to be postponed
Business. . . . . . . . . . . . . . . . .
» US shoppers going green despite struggling economy
» Merger set for Dubai mortgage heavyweights
» PricewaterhouseCoopers survey places Russia at top of global fraud rankings

-- More Middle East News --