Trading in Forex

The Forex stands for Foreign Exchange Market and it is where all currency pairs are traded. With a total volume of 4 trillion dollars a day, the Forex market is the largest trading market in the world. You’ve probably already participated in the Forex market; when on holiday people often exchange one currency for another. Did you know that you can make a lot of money by trading or investing in Forex?

Want to start Forex trading today?

Trading in Forex

Trading in Forex was previously only possible for big investment banks. To be able to trade and be profitable, you would need to buy large amounts of currency, and because of high transaction fees it wasn’t profitable for smaller investors to participate in Forex trading.

Thanks to the introduction of online trading, however, it is now possible for people like you and me to earn a lot of money trading in Forex.

What is Forex trading?

When you start trading in Forex, you buy a certain currency in exchange for another currency. For example, you buy American dollars for euros. When the price of the euro relative to the dollar goes up, you can add the difference to your balance! In this section we discuss what Forex is and how you can become a successful Forex trader yourself.

Want to trade in Forex? Try it out with a free bonus from one of the associated brokers.

Reading candlesticks

Read moreCandlesticks can be used to predict the price of a currency pair. By reading the bars correctly, you can decide if it’s best to buy a currency pair (long) or to sell (short). How to read a candlestick It’s pretty simple to read a candlestick; the candlestick… Read more..

Read more: Reading candlesticks