What is Forex trading?

Hi Starscream,
Forex Trading is all about the currency trading,ie exchange of currencies.The risk here is money,but as a proper money management you will definitively get profit here.But all of sudden you cant start this,minimum for 3-6 months you have to practice the demo trading,Best is you can start from this site FXCM.com

Hi, Forex trading is tradingin currencies. There is good fluctuations in curriencies, like you buy USD for some amount and when the price goes high you sell it and the difference is your profit and similarly if it goes down the difference in your buying price and selling price is your loss. Forex trading is a risky, as it is one type of gamble. So I would recommend that first get the complete knowledge of forex trading and then if you feel comfartable then give it a try, else you will end up losing your money. You can google for details on Forex trading. Hope this helps.

Hi,
in addition to what the 2 posters have said, please bear in mind, never pay for robots. never pay for e-books claiming to sell strategies. you can look up lots of free info in baby pips and forexfactory.

if you'd like to get started, pm me and i can help. im sick of these people trying to make money out of newbies. trust me, you dont need to spend a single cent for education. just pm me and i will give you what you need to know for free.

happy mylotting.

Have you ever made any currencies exchanges before in your life?
For example, you go on holiday to another country, say Canada. You would have to buy some Canadian dollars when you are on holiday. So you change your local currency to Canadian dollars.
When your holiday is over, you got some excess Canadian dollars left over which you have no use for. What do you do? You change it back to your local currency, rite?

Well, the above mentioned is one form of Foreign Currency Exchange.

Forex works in a similar fashion, whereby you buy and sell currency via a broker. In Forex, you do not have to deal with the cash physically. It is more of a contract that you commit to either buy/sell a certain currency at a certain fixed price which you think the price may go to.

Just like driving a car, trading the forex markets can be trained. It would take many discussion threads to introduced and teach someone to trade forex. In fact, there are many information articles available if you do a google on forex.

To get a clearer idea of what forex is all about, you can check out www.babypips.com
It is a site that is especially good for beginners.

I have also written a small summary for newbies who are interested to get started on Forex trading. You can find my article here --> http://gnmdoubletomillion... , I am working on some articles to update my blog and my trading journals. Hopefully, I can get them all ready by end of the year so that I can start updating my blog again come next year!

PS... I am also gonna be sharing some of my trading strategy in my blog. So, do stay tune and look out for them!