Q: What is Forex ?
A: Forex or Foreign Exchange is the simultaneous buying of one currency and selling of another. In this market currencies are converted by each. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Dollar/Euro or Yen./Dollar.
Q: How do I get started ?
A: If you are just starting out on your forex journey, read some basic of forex trading strategies. Then open a demo account and try demo trading. You can open the demo account with one of our recommended brokers.
Q: How do I get profit in Forex ?
A: Select a currency pair. Buy a currency at a lower price and sell it at a higher price. It is that simple. However, you may lose if the currency you bought has depreciated.
Here are twelve reasons why you might consider to experience the exciting world’s largest and most lucrative market.1. Forex is the World's Largest Market
Forex is the largest and the most liquid market in the world. The daily trade exceeds 4 trillion and there is a niche for everyone, be it a big corporate bank, small trading company or just an individual, trading from the comforts of his/her home.
2. Forex is free
Nobody can corner or control the Forex and you almost always buy or sell a position at a reasonable price, with price execution based on current interbank rates. Nobody can regulate the market or give orders. It is the pure capitalism at its best.
How do we find a good forex broker among the tens and thousands of them worldwide. If you are a forex beginner you can be overwhelmed with many offers and promotions. On the other hand you are already aware of the scary forex scams. It is an unfortunate reality that the number of forex scams is increasing every year. This is of course because the forex market is under-regulated when compared to the other financial markets like the stock market. However, this very feature provides the forex flexibility, the freedom of choice and such a vibrancy. There is no doubt that forex is a real and flourishing internet business and a source of income for many experienced traders.
A very simple forex strategy which nevertheless often works. Its validity has been tested over and over again throughout history and remains one of the most widely used strategies.
In is easy to implement and asuitable for beginners of forex as well as for advanced traders.
It works based on the forex crowd psychology.
Of course, nobody can predict the future and nobody can predict the movements of the market. However, sometimes the market moves in such a way that the prediction is possible.
PAMM stands for Percent Allocation Money Management or Percentage Allocation Management Module. It is a forex account composed of one or several trading accounts being carried out by a manager. The manager is an experienced Forex professional responsible for all of the trading. The PAMM Account can be thought of as both a trading account and a financial investment. It is equally good for beginners of forex and for experienced inverstors. The PAMM account can be combined with individual trading. This way the beginners can compare their strategy with the ones offered by the manager.