Forex currency trading is booming around the world and is quickly becoming the preferred choice of many online and offline investors, but what is Forex and how can you get involved in this attractive new investment arena.
First of all lets explain what Forex actual stands for and what it involves.
Forex stands for Foreign Exchange and is the trading of one currency value at a given time in relation to another currency value, so you are trading in the market of money or cash.
The Forex market is also known as the bull market or spot market.
Similar to trading stocks where you buy a particular stock at a given price and then anticipate the value of that stock increasing in value so you can realise a profit on your investment, traders in the Forex buy and sell units of currency.
A unit of currency that you intend to trade in is called a “lot” and is equivalent to $10,000 in a mini traders account and $100,000 in a standard or 100k account.Terryt
Forex currency trading basics
