Forex Basics - What is Forex?

[Decub]

You are right, I think I now remember reading it from an article that the busienss started in the 1970 and then it was done by those who have more money cause the minimum investment is huge at that time but now affordable because of developments. Forex is a very profitable business.

Yes, actually when it became speculative was around the 70s, late 70s most probably but study has it that it existed even before then but like in a fixed exchange rate measured in the US Dollar and pegged at a gold standard, the rates were not allowed to fluctuate.

 

[seeker]

Yes, actually when it became speculative was around the 70s, late 70s most probably but study has it that it existed even before then but like in a fixed exchange rate measured in the US Dollar and pegged at a gold standard, the rates were not allowed to fluctuate.

I think that forex trading has been in existence ever since the using of different currencies started because one would be in need of the other and will have to exchange, though can say that it became official in the late and early 70s.

 

[Cutiekc]

I think that forex trading has been in existence ever since the using of different currencies started because one would be in need of the other and will have to exchange, though can say that it became official in the late and early 70s.

Well, I guess you are right but then, it all started and was well known at the 70s and gradually started coming up and then it was mostly done by bankers those whom have enormous money because then the minimum investments was really enormous but then the coming in of the electronic brokers changed every thing.

 

[gal40n0k85]

I think that Forex - this is a great opportunity to get rich for ambitious and hard-working people. I know many people who make a living by trading on Forex.

 

[Decub]

I think that forex trading has been in existence ever since the using of different currencies started because one would be in need of the other and will have to exchange, though can say that it became official in the late and early 70s.

I believe Forex can be traced to the history of trade by barter itself as I saw from a book but don't usually believe all the things we come across while going through manual. That which started as a result of the need for another currency is the currency exchange which is the major one that has gained much popularity. Forex in a more generalized for which include metal trading may have started very long ago and then, they may not have been taking it the way we do these days.

 

[Cutiekc]

I believe Forex can be traced to the history of trade by barter itself as I saw from a book but don't usually believe all the things we come across while going through manual. That which started as a result of the need for another currency is the currency exchange which is the major one that has gained much popularity. Forex in a more generalized for which include metal trading may have started very long ago and then, they may not have been taking it the way we do these days.

Yeah, I agree with you since its a form of exchanging but then, it became that widely noticed after it went ripid online and became a source of income. Forex trading which also help improves a country economy by providing them its citizens with jobs in which they can decide when to be in office or not.

 

[Decub]

Yes, you know, it is one of the things the internet has brought to us. People now see Forex as a new revolution and a fresh means of earning, meanwhile, it's been around as long as development itself. That said, I think most times what get some people attracted to Forex is the status of the business. Of course everyone would like to associate himself with a business that is respected by many.

 

[Cutiekc]

Yes, you know, it is one of the things the internet has brought to us. People now see Forex as a new revolution and a fresh means of earning, meanwhile, it's been around as long as development itself. That said, I think most times what get some people attracted to Forex is the status of the business. Of course everyone would like to associate himself with a business that is respected by many.

and also in addition to that, you know some people like me I love earning online no matter how small it is because I see it as less stressful in the sense that I just have to sit at my computer and make some money of which forex trading has that quality. But then some people sees it from a different perspectives as some money fast making source.

 

[Decub]

and also in addition to that, you know some people like me I love earning online no matter how small it is because I see it as less stressful in the sense that I just have to sit at my computer and make some money of which forex trading has that quality. But then some people sees it from a different perspectives as some money fast making source.

A vast majority of those that associate Forex to money making machine are gamblers and there's no doubt about it. Things might slightly work for them, most probably when they use the scalper's method but I know it doesn't work always. It might allow them hit their target once in a while but in a longer run, they are hooked on.

 

[Cutiekc]

A vast majority of those that associate Forex to money making machine are gamblers and there's no doubt about it. Things might slightly work for them, most probably when they use the scalper's method but I know it doesn't work always. It might allow them hit their target once in a while but in a longer run, they are hooked on.

Well, I see them as those who are not even traders because I happened to have a very interesting conversation on facebook today with one of my friend that comment on my update when I said "I wasnt impressed with my last month earnings" so chatted me up asking me how fx works that he have been hearing that the business does not worth it and it is filled with risk.

Back to the topic. That shows that they are been mislead by what some other lossers in the business have been spreading.

 

[Decub]

I see Forex as a new generation of online earning. Though it has been pretty long it is in existence, there are still a lot of people that are yet to discover the lucrative potentials it had to offer. I believe that in the nearest future, it will become a kind of business everyone would want to go into.

 

[riddick09]

I don't think that it's new generation of earning or new way to earn from investments. It will be one of the oldest and traditional way of trading. You will see the changes in the technology that more and more able to trade online from their home, office and in mobile. And that there are now international Forex brokers.

 

[forexpro1]

Forex is good Business from where you can earn good profit. Now a days forex become a best online earning source. Every trader want to earn more profit from forex. I want to stay long time in forex & earn more. I know it is very much possible for me.......

 

[Cutiekc]

Forex is good Business from where you can earn good profit. Now a days forex become a best online earning source. Every trader want to earn more profit from forex. I want to stay long time in forex & earn more. I know it is very much possible for me.......

If you would want to stay long in the business then you will need to have good skills that will fore sure keep you long in the business. And also you should be updated and good at analyzing some countries economy with which you will be trading more of its currency.

 

[forexprtpro]

Forex market is one of the remunerative markets, with high returns on investment.
Forex market has huge advantages in comparison with other type of investment. It is good for beginners and for the one who have less capital.

 

[riddick09]

It's not like have high returns like what we have in HYIP. You can depend it on your trading goal or target profits. For sure not all wanted to have high risks always that's why they will have low risks by targeting smaller profits which can still consider as decent. I believe that the Forex beginners will find it in their first time to have Forex as risky and hard to trade because of many factors that affecting the market and their selves.

 

[Cutiekc]

If the beginners should however comply to forex trading do and dont then I think that they would be able to have a decent earning and with time will see how easy forex trading is. But then, some are been scared away on hearing that it has more to do than just buying and selling.

 

[hasan87]

Yes, it is very nice post fot the newbies. Before starting Forex every trader should have clear idea about what they are going to do. Without having a clear idea it is really hard to do. Yes, Forex is the largest global currency market place in the world and it creates a good chance for for everyone for earning profit.

 

[Pettyeve]

Forex is the name used to define the buying and selling of foreign currencies. They are done in pairs of currency and the prices known as rates here determined by how the market is. This is influence by factors like economy and policy.

 

[Decub]

Yes, it is very nice post fot the newbies. Before starting Forex every trader should have clear idea about what they are going to do. Without having a clear idea it is really hard to do. Yes, Forex is the largest global currency market place in the world and it creates a good chance for for everyone for earning profit.

That is just a fact that can't be denied. Why a lot of people fail in Forex is that they are not just prepared for it. They see it as a bed of roses and this is mainly because they never understood how the business is before taking the decision to join. They only see what they never bargained for.