What is Forex trading and how did the name originate?
The Forex trading name derived from Foreign Exchange. The first three letters of Foreign and the first two letters of Exchange are added together.
Forex trading is about dealing in international currencies to make money. When trading in the stock market we sell the currency of one country to buy that of another, hoping to make a good profit.
Before the onset of the internet, Forex trading was open only to multinational corporations and banks. Now, many people work from home with their Forex trading money business.
The Forex trader deals in Foreign Exchange at the most appropriate time to profit from the transaction. Dealing in the stock market requires a good ability to forecast the outcome of all currency transactions.
Saturday, September 26, 2009
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Thank you for writing this article. One thing that interest me is, 'Before the onset of the internet, Forex trading was open only to multinational corporations and banks. Now, many people work from home with their Forex trading money business.'
ReplyDeleteLet me ask a question, is it true that we could do this from home? If that's correct, i would like to do this Forex stuff.
I would like to follow you on Google Connect so i won't miss your posts. Thanks
i knew what forex trading is but i did not knew that it has been derived from first three letters of both foreign and exchange,
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i know forex is the best trading Even like the ads made in PTC and Have system Sell&Buy but it requires capital
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thanks For such an explanatory post. I am a noob to forex. I just wondering how easy the concept is . But for Beginner i need to study a lot about forex. I just bookmarked your blog for that thanks.
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ReplyDeleteThanks..
this article was helpful, investing in shares got its own disadvantages like the merits its about using your brains and skills at the right time to make maximum, and you need also a large amount of patience, always remember that success doesnt come in a day. expecting more articles like this
ReplyDeletethanx
Hi.
ReplyDeleteExcellent article ever written with regard to forex trading.It gives us a lot of information about the topic.I am involved personally in forex trading.But this article gives me some more tip to make success in forex trading .Thanks a lot for posting this article.
Thanks for this information, I was never really sure how Forex trading got its name, but now I know! Thanks!
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ReplyDeleteit is true that Forex resemble stock trading in some points as in simple words you buy one currency (in pairs) and wait till its value goes up to its pair then you sell it to get the profit.
ReplyDeletebut Forex is known to be more profitable, dynamic and powerfull for many reasons one of them is that you can trade in both ways (means you can buy then sell or sell then buy)
Simple writing about forex trading.Easy to understand.Good piece of information.I learnt something new from your post.
ReplyDeleteoh.. i see now. i dont really understand how it works. but now i know, that this kind of business a little bit interesting for me.
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ReplyDelete