2/16/2012

Simple Definition of FOREX Trading



This is a guest post by Jonathan Gabriel, who will be sharing some FOREX tips right here on this blog.

Forex trading is generally defined as the exchange of one currency to another currency. It involves a global market where currencies are traded virtually around the clock. This definition does not fully explain what the would-be forex trader is going to face in the forex platform after opening a demonstration account with any preferred broker.


So, my simple definition of forex trading in a way a layman could understand is the clicking of buy,sell or close order at the right time. Note the phrase "right timewhich means one has to get the right knowledge to trade rightly. On a Forex platform if you click buy or sell, you start making gains when the market moves the direction you entered (either sell or buy) and if the market moves in the opposite direction of what you entered in your forex platform, you lose money. Period!


Hence, you must know  the right time to close your order either with some gains or losses added or subtracted from your initial capital. Note if you trade the right way and time your gains will be more than your losses that's when the money starts flowing in gradually.


This is just a simple definition and I hope to share more tips as time passes by. Just make sure you subscribe to this blog




Share :


4 comments:

  1. Very simple definition. I am subscribed to the blog and can't wait for more updates. Thanks.

    ReplyDelete
    Replies
    1. You welcome. Thanks for the comment

      Delete
  2. The definition is so Simple and straight to the point. I think more articules like how to trade forex, how to make profits etc should be published to enable us know more about forex trading.

    ReplyDelete
    Replies
    1. Will try to get such articles here bro. Thanks for your suggestion.

      Delete

We love to hear from you!

Sign in to comment "anonymously" without entering verification text.

Want to be notified when I reply your comment? Tick the "Notify Me" box.

If your comment is unrelated to this post, please drop it at my Facebook group here.

THANKS.

Designed by Jide Ogunsanya.