what is forex?

Israel
March 27, 2007 1:17pm CST
can you tell me what is forex pleas!
5 responses
@efreddy (250)
• Belgium
29 Mar 07
Forex is a place where you can trade in a currency (Example €/$ )when €/$ is 1.33 and you buy 10000 € you should pay 13300 $ for it,there is a leverage during the day so you pay only a % of it (when you pay only 1% of it it means you have to pay 133$) and when you sell the € later during the day on 1.333 you get 13330 $ for it or a win of 30$. Because you have only paid 133$ as investment and you have won 30$ that means you won 22.55% on your investment (or must I say gamble because when the € falls to 1.327 you should loose 30$ on it and by a fall below 1.3167 you loose more then your investment). When you think the € should fall you do the opposite and sell 10000€ for 13300 $,when the €/$ falls to 1.327you win in that case 30$ because you can buy the 10000€ back for 13270 $ (the risk is then that the $ will fall).
1 person likes this
@morph3us (824)
• Italy
30 Mar 07
great explain! tank's
@morph3us (824)
• Italy
27 Mar 07
i don't know well too, but if i'm not in error, forex are the trading of the country money, i know some people use thise trading sistem to make money, i'm curious too to know some site where forex is explained
• Israel
27 Mar 07
can you tell me more about forex?
@morph3us (824)
• Italy
27 Mar 07
i don't know sorry, all i know i said before, i hope some one can explain better, i'm interessed to know too
• Egypt
29 Mar 07
Holla Da Forex is da biggest all over da world work 24h/5dayz .. ya can trade with any currency ya choose exmple : EUR/USD whats is mean .. da EUR is da fundamental or da higher currency Then ya will Make deal " Buy Or Sell " Buy : Mean Ya Will Buy EUR And Sell USD . Sell : Mean Ya Will Buy USD And Sell EUR . ======== Ya will Need a Company To Do Your Orders From .. Ya can Choose any Company ya want .. This Company Give ya $5 to start ur trade and ya Can Charge or withdrow using E-Gold , E-Bullion or Wire Transfer Dunt need To Pay any money to open account .. its free + $10.000 Demo For Traning with Live Supports 24/7 + Free Charts/Price Program https://www.marketiva.com/index.ncre?page=open-account&gid=4088 + Members Chat Room to can Exchange da Deal or Discusstion about da market and ya can join easy-Forex this company too good too but ya need to start your account with $25 .. trade from webpage hhtp://www.easy-forex.com/Gateway.aspx?gid=26282 thx ... wait ma Discussion about more forex information Sherif G.s
• Egypt
29 Mar 07
Sorry about da links this is da free company + $5 Gift http://www.marketiva.com/index.ncre?page=open-account&gid=4088 This da Paid Compy for $25 www.easy-forex.com/Gateway.aspx?gid=26282 Thx Sherif G.s
@morph3us (824)
• Italy
29 Mar 07
all i've look need egold, did u know someone how take good paypal? i got juast this account
• India
29 Mar 07
Forex trading is similar to Stock/Share Trading. In forex trading you buy/sell currecy pair such as USD/GBP, USD/AUD, GBP/JPY etc......... For more detail abt forex trading. Plz Visit http://richbuddy.blogspot.com/