FOREX, trading foreign currency online and where to start forex trading

FOREX trading is the art of trading foreign currency, stocks, and similar type of products Hence the name FOReign EXchange or FX as it is sometimes known.

The currency of one country is checked against the currency of another country to determine the currency value, this comparison of currencies is called pairing or currency pairs. This value is taken into consideration when trading stocks on the FOREX markets. Most countries have control over the value of that countries value, involving the currency, or money. Those who are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.

Why is FOREX different from the stock trading – A forex trade is one that involves at least two countries, and it can take place worldwide. The two countries are one, with the investor, and two, the country the money is being invested in. Most all transactions taking place in FOREX are going to take place through a forex broker or a bank.

What are the core components of the FOREX industry – The foreign exchange markets are made up of a variety of transactions and counties. Those involved in the FOREX market are trading in large volumes, large amounts of money. Those who are involved in FOREX are generally involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the FOREX indusrty to be much larger than the stock market in any one country overall. Those involved in FOREX are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.

In the years 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place. Think about how much a trillion dollars really is and then times that by two, and this is the money that is changing hands every day! The FOREX trading is not something new, but has been used for over thirty years. With the introduction of computers, and then the internet, the trading on the FOREX markets continues to grow as more and more people and businesses alike become aware of the availablily of this trading market.

To try out forex, you don’t have to begin trading with real money, you can actually use a demo account, e.g. Trade For Fun!

There are many forex brokers out their offering that service to find one that services your country visit http://www.forexbrokersfinder.com where you simply click on your country and it will find forex brokers who will allow you to trade in your country.

e.g. It will locate forex brokers in India, Forex brokers who accept USA traders and even forex brokers in Nigeria and Kenya.

So have fun forex trading.