|
|
|
The foreign exchange market, is the largest financial market in the world with a daily turnover of over US$3 trillion which gives it unparallel liquidity. It is open for trade 24 hours a day, and best of all, theres no such thing as a falling forex market. When you trade forex you trade one currency against another, e.g. Aussie Dollar against the US Dollar, so your profit is always relative.
And since the forex market revolves pretty much around 8 currencies, it's much easier to get a clear picture of the market at any given time. |
 |
|
 |
| |
How to get started?
All you need is an internet connection, the right broker and the right forex platform.
When looking for a broker look for: |
|
Low margin requirements |
|
Wide leverage options |
|
No commissions |
|
Low spreads |
When looking at a forex platform look for: |
|
Usability |
|
Unlimited practice mode |
|
A good range of forex tools |
|
Educational features that can help you learn such as forex guides, forex tutorials, forums and visual trade representations |
| |
|
|
 |
|
 |
|
| |
Useful trading features. Forex offers many features that can be used to minimize risk and maximize profit. One of these features is leverage. When you're sure of your Aussie Dollar trade, using higher leverage can increase you profit, but be careful because it also increases risk. To minimize risk, use trading orders such as Stop Loss and Take Profit. With these orders you can limit the amount that you're willing to lose on a trade, and realize your profit when the trade reaches the specified rate. |
| |
Our recommendation. After a wide survey of the available forex platforms online we are happy to recommend you the eToro platform because of it answers all of the criteria listed earlier, has an innovative visual interface,a range of educational tools and a first deposit of only $50. eToro also offers the Top Traders' Insight tool which allows you to copy the trades of eToro's top 100 profiting traders. |
| |
Click here for your opportunity to start learning forex trading. |
|
