123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> General >> View Article

Best Foreign-trade Zone Program

By Expert Author: smith maria

Online forex trading is an interesting way to make money because of the nature of the business. Unlike the stock market which has its opening and closing bells, forex trading can almost be done round the clock because different markets in different countries open at different times of the day. This is because of the different time zones they belong to. In this sense, forex trading is the global market as you can choose to participate in different time zones based on your availability and disposition.
Like everything else, making money on foreign exchange entails taking a position and knowing when to buy and sell. In this case, you make your case on a certain currencies. There are a lot of currencies which you can trade in the market. In many cases, the most popular currencies traded are the US Dollar, the British Pound, the Japanese Yen, the Swiss Franc, and the Euro. Other popular currencies traded are the Canadian, Australian and New Zealand Dollar. Some currencies like the Hongkong Dollar are pegged to the United States Dollar which just means that their currency is committed to a ratio with the US Dollar so trading with it is a moot point.
In essence, making money in this market is like forex spread betting, something similar to the practices being done on betting in sports. Perhaps, it is the model which sports betting has taken a cue from. Forex spread betting is actually taking a position of buying a currency at a certain rate and selling it at a different rate. That is called the spread. In the case of forex trading, you pit two currencies against each other. You have the base currency and the quote currency. More often than not, the standard currency used as a base currency is the US Dollar. If you go to international hotels, you will see exchange rate tables which are all based on the US Dollar. One makes and may lose money on taking positions on the base currency. Most people would want to buy a currency when this currency is valued less and then sell when the currency increases in value. Now , currencies do fluctuate and sometimes, by doing research about the certain economic conditions about the specific country, one can actually buy and hold on to this position till they are able to sell the currency with a price difference, called a pip, that is comfortable to them.
In any case, there are lots of websites online that can help your interest with forex trading. There are even free demo and practice accounts which initiate you to the market.

Total Views: 87Word Count: 436See All articles From Author

General Articles

1. Post Market Surveillance Needs To Be Robust To Avoid Penal Regulatory Action
Author: Event Manager

2. Manav Infra Projects: Experts In Infrastructure Development Domain In India!
Author: Manav Infra

3. Why Branding Is A Non Negotiable Investment In The Fresh Produce (ffv) Space!
Author: Asha Sampath

4. Cavity Wax - Things You Should Be Aware Of!
Author: Efrain Rivas

5. What's The Difference Between Water Purification And Water Filtration?
Author: Ring Hot Water

6. Enjoy Pattaya Golf Course On Thailand Golf Tour
Author: Hanah Chen

7. Seeking Online Success - Hire Social Media Advertising Agency
Author: Charlottesocial360

8. Why Are Water Jets So Important?
Author: Colin Sponias

9. Cheap T-shirt Printing As Per Your Desire
Author: parveen kumar

10. What Are The Benefits Of Different Types Of Fans?
Author: Nanshi Pacheco

11. What You Don’t Know About Tiki Bars?
Author: Scott McCauley

12. Ethical Link Building Strategies Without The Seo Risks
Author: Swadesh Das

13. Advanced Travel Trends To Anticipate For In Year 2017
Author: Kundan Sharma

14. Visa For New Zealand
Author: jmathenge

15. Get The Right Shape Of Your Need From The Cut And Sew Manufacturers
Author: parveen kumar


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: