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Forex Overview
The largest financial market in the world also named foreign exchange, currency or FX.
Trading occurs between insitutions, banks, corporations, governments and financial institutions.
Individuals can invest into forex. Retail traders can participate indirectly through financial corporations.
Forex Pricing
A PIP is the smallest units of the price of something.
In forex it refers to the final digit of the 5 numbers of the base currency.
Sell EUR
1.31
22
High: 1.3611
Buy EUR
1.31
25
Low: 1.3589
The spread refers to the difference between the buy and sell prices.
Major Products
USD = United States Dollar
GBP = British Pound
EUR = Euro
JPY = Japanese Yen
CAD = Canadian Dollar
CHF = Confederation Helvetica (Latin for Swiss Confederation) Franc
AUD = Australian Dollar
Why Forex?
Dynamic market movments the ability to take advantage of moves in either direction by selling short or buying long.
Low entry amount Start trading the forex market with US$500.
Online trading its available online, from the comfort of your home, 24 hrs a day.