What is Forex?
Forex is an abbreviation of Foreign Exchange (also referred to as FX) and it is the largest financial market in the world.
The Forex market is the place where currencies are traded (currencies are money that is used as an exchange medium). In other words, it is the place where currencies are being sold and bought. In the Forex market all currencies are traded in real time.
Trading with currencies always means that there are two simultaneous transactions taking place. If a currency is being bought, it is also being sold. To better understand this notion, think of currencies as both the goods you are buying AND the method with which you're paying for the goods.
Since the Forex market is the place where currencies are traded in real time, people may trade one currency for another and make a profit off of this transaction. Profits are made when one is able to determine which currency's value will increase by the end of a pre-determined time period (such time periods may be short or long). The Forex market is open 24 hours a day, five days a week and it is based in four major cities: New York, London, Sydney, and Tokyo. The Forex market is open to individuals over the age of eighteen.
While Forex trading may sound daunting, it really isn’t. It can be easily comprehended and understood without prior experience in finance or economy. It is challenging and exciting, thought provoking and manageable, stimulating and filled with opportunities.
Some Forex Basics:
The first currency listed in a currency pair is called the "base currency".
The “base currency” is usually the U.S. Dollar. Traders will generally trade the U.S. Dollar against another currency, which is called the “counter currency”.
Currencies are quoted in pairs. For example: The pair U.S. Dollar and JPY will be quoted in the following way: USD/JPY equals to 2.5 (This means that 1 U.S. Dollar can buy 2.5 JPY).
When a quote increases, it means that the “base currency” has risen in value and the “counter currency” has weakened in value. For example: If the USD/JPY quote used to be equal to 2.5 but is now equal to 2.6, then this means that the dollar has strengthened (because 1 U.S. Dollar can now buy 2.6 JPY as opposed to the mere 2.5 JPY it could buy beforehand.)
Now that you know a thing or two about the Foreign Exchange market, we invite you to explore eToro—the Revolutionary Forex Trading Platform. You too can make your mark in the Foreign Exchange market. Use eToro as your gateway to the ever-growing world of Forex trading.
The Forex market is the place where currencies are traded (currencies are money that is used as an exchange medium). In other words, it is the place where currencies are being sold and bought. In the Forex market all currencies are traded in real time.
Trading with currencies always means that there are two simultaneous transactions taking place. If a currency is being bought, it is also being sold. To better understand this notion, think of currencies as both the goods you are buying AND the method with which you're paying for the goods.
Since the Forex market is the place where currencies are traded in real time, people may trade one currency for another and make a profit off of this transaction. Profits are made when one is able to determine which currency's value will increase by the end of a pre-determined time period (such time periods may be short or long). The Forex market is open 24 hours a day, five days a week and it is based in four major cities: New York, London, Sydney, and Tokyo. The Forex market is open to individuals over the age of eighteen.
While Forex trading may sound daunting, it really isn’t. It can be easily comprehended and understood without prior experience in finance or economy. It is challenging and exciting, thought provoking and manageable, stimulating and filled with opportunities.
Some Forex Basics:
The first currency listed in a currency pair is called the "base currency".
The “base currency” is usually the U.S. Dollar. Traders will generally trade the U.S. Dollar against another currency, which is called the “counter currency”.
Currencies are quoted in pairs. For example: The pair U.S. Dollar and JPY will be quoted in the following way: USD/JPY equals to 2.5 (This means that 1 U.S. Dollar can buy 2.5 JPY).
When a quote increases, it means that the “base currency” has risen in value and the “counter currency” has weakened in value. For example: If the USD/JPY quote used to be equal to 2.5 but is now equal to 2.6, then this means that the dollar has strengthened (because 1 U.S. Dollar can now buy 2.6 JPY as opposed to the mere 2.5 JPY it could buy beforehand.)
Now that you know a thing or two about the Foreign Exchange market, we invite you to explore eToro—the Revolutionary Forex Trading Platform. You too can make your mark in the Foreign Exchange market. Use eToro as your gateway to the ever-growing world of Forex trading.
eToro's advantages
We are proud to offer you the complete forex experience that is the eToro trading platform. Here are just a few factors that make eToro stand head and shoulders above the competition:
User-Friendliness. Our platform is designed to make sure that you don't have to waste time working out how to trade. Our revolutionary interface does that for you, so you can concentrate on making trading decisions that really matter, with one click. Whatever your style of trading, all the forex tools of your fancy are at your fingertips.
Simplicity. With our simple and visual platform, even the most novice trader can learn how to use it in no time. By representing trading activity in a simple visual manner we give you the opportunity to learn and understand forex.
Innovation. We are committed to staying at the forefront of the online forex revolution which means constantly growing and evolving in order to provide you with the best forex trading experience.
No Commissions. We charge absolutely zero commissions on all forex trading activity, including no rollover fees. On top of that we offer bottom low spreads - as low as 2 pips and an unbelievably low initial margin requirement of just $50.
Reliability. We are backed by leading forex brokers and are confident in our superb trading capabilities. Your trades are executed immediately and with excellent precision. Rest assured that your trades are safe with us.
Practice. We see forex as an ongoing learning experience, and we see no reason why you should risk your money while trying out new strategies. Our demo mode offers unlimited trading for live market rates, so you can innovate without risking a cent.
Personal Service. We take our customers personally and provide a top notch customer service. Our professional and friendly representatives are there to answer any questions 24 hours a day.
Community. We are keen on developing an active and diverse community of users because we believe that there is a lot to be gained from discussing forex with your fellow traders. We nurture a vital and thriving forex trading community via lively forums and chats
User-Friendliness. Our platform is designed to make sure that you don't have to waste time working out how to trade. Our revolutionary interface does that for you, so you can concentrate on making trading decisions that really matter, with one click. Whatever your style of trading, all the forex tools of your fancy are at your fingertips.
Simplicity. With our simple and visual platform, even the most novice trader can learn how to use it in no time. By representing trading activity in a simple visual manner we give you the opportunity to learn and understand forex.
Innovation. We are committed to staying at the forefront of the online forex revolution which means constantly growing and evolving in order to provide you with the best forex trading experience.
No Commissions. We charge absolutely zero commissions on all forex trading activity, including no rollover fees. On top of that we offer bottom low spreads - as low as 2 pips and an unbelievably low initial margin requirement of just $50.
Reliability. We are backed by leading forex brokers and are confident in our superb trading capabilities. Your trades are executed immediately and with excellent precision. Rest assured that your trades are safe with us.
Practice. We see forex as an ongoing learning experience, and we see no reason why you should risk your money while trying out new strategies. Our demo mode offers unlimited trading for live market rates, so you can innovate without risking a cent.
Personal Service. We take our customers personally and provide a top notch customer service. Our professional and friendly representatives are there to answer any questions 24 hours a day.
Community. We are keen on developing an active and diverse community of users because we believe that there is a lot to be gained from discussing forex with your fellow traders. We nurture a vital and thriving forex trading community via lively forums and chats
Register for a FREE Forex Trading Account!
eToro is a revolutionary Forex trading platform. A pioneering display of animated trades enables an intuitive and simple interaction with the financial market.
Access real time Forex rates
Free charting features
Innovative trading tools
Online trading community
Access real time Forex rates
Free charting features
Innovative trading tools
Online trading community
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