Forex
From the contraction of the words Foreign Exchange, Forex is the nickname given to the universal exchange market, where currencies are traded against each other, exchange rates that vary continuously.

Economic Importance
This global market, which is essentially interchange is the second market of the world in terms of overall volume, behind the interest rates. It is nevertheless the most concentrated and the first for the liquidity of the most treaties, such as the euro / dollar.

To give an idea of liquidity in circulation, the daily volume of trade in 2004, 1 900 billion U.S. dollar, namely:
600 billion in spot transactions and 1 300 billion in futures almost solely in transactions over the counter, according to the three-year study of the Bank for International Settlements (BIS).

Transaction volume, were 53% between banks;
33% between a bank and a fund manager or a non-bank financial institutions;
and finally to 14% between a bank and a non-financial.
In every major bank, the operators (the traders) are the 3 × 8, though generally in different locations. A team based in Asia or Australia succeeds another located in Europe and a third located in North America, and so on.

However, despite the global nature and the release schedule between continents, a large (31% of total volume, according to the BIS) of market activity is still physically located in London.

In its latest triennial review, the BIS (Bank of International Settlements) has shown that an increasing number of individuals choose to invest in the Forex. Although they still represent a very small minority of transactions and volumes, a dedicated private investors has grown in parallel. Simply record the number of trading platform available to them on the internet as well as tools for real-time information once reserved for professional traders in the rooms. Now, the active trader of foreign exchange market can invest minimum amounts and due to the existence of leverage-trader in almost (!) Similar to those of the professional trader. Information tools in real-time broadcast news and information forex fundamental (economic indicators) and offer individuals the possibility of trading conditions in real time.

The foreign exchange market has existed in its present form, called floating exchange rate regime since March 1973 and the abandonment of fixed exchange rates of various currencies
against the dollar standard Bretton Woods in 1944.

Treated products

Spot
Cash (called spot), the main parities were processed in 2004, according to BIS:

the euro / dollar – 28%
the dollar / yen – 17%
the sterling / dollar (cable said in English) – 14%
Despite the strong development of the euro, the dollar remains the dominant center, present in 89% of transactions (37% against the euro, 20% for the yen and 17% for the pound sterling, all on a total of 200% since each transaction involves two currencies). For a non-European currency XXX, a transaction between the euro and the currency is usually split into a EUR / USD and USD / XXX.

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Consider the dangers of forex (Warning),Do not invest money that you can not afford to lose.

Have a minimum of knowledge. (Forex Training), (Books on Trading):
Getting Started on Forex without knowledge, without training comes to play at the Casino and risk losing its entire capital. Trading rules are not complex, but one should know.

Develop strategies (Trading Rules by William Delbert Gann) (Dow Theory):
Using a demo account to develop a strategy and find your own style of trading, depending on your ability to manage stress, you choose to make the trading day by engaging a larger portion of your capital over a short or swing trading for the medium and long term. Traders winners that they will provide if the market behaves in a particular way while the losers are trying to predict what the market.

Always be informed (Economic Calendar):
The economic statistics may have a strong influence on the currency markets, stay alert to figures such as the unemployment rate, decisions on interest rates, gross domestic product, industrial production price index consumption, retail sales etc. ..

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If Anybody telling you that forex is easy to earn then they are misleading you,Don’t believe such words?To succeed in Foreign exchange you should possess having discipline,dedication,learning from mistakes, managing the money, and ability to understand the market psychology and guessing the possibilities which are going to happen in market,Nobody gain all these for one night ,they should practise untill they understand and what they are doing

We know already know that ” Practise makes man perfect” ,so if you want to be perfect Foreign exchange(forex) trader ,then you want to practise first. Not only on forex you cannot earn any money easily in this world ,you should work hard ,foreign exchange is not get rich quick scheme ,just you need to be aware of that by reading books,ebooks,watching videos all other else ,If you learn all this things then you can earn in forex by sitting in your home with your own laptop

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The short answer is yes you can Earn. however I will echo the words of many in this thread. It takes discipline, study and perseverance. I have been a professional trader since 1988 (yes I have the silly jacket, badge and access). I was going to go on a rant here, but honestly I don’t have the time.

Maybe this will help… it is 12:10 EST on 09/17/08 I jumped in this morning at 9:00 am and have already pulled $3,380.00 Profit USD out of the currency markets. That puts me up to $11,190.00 USD profit for the week (mon, tues and today). I love chaos (bankruptcies, fed takeovers, etc.) because it creates volatility and volatility is what makes forex traders money.

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Forex is a very popular series of online applications for profit. In fact, these applications are taking the world. Currency exchange software guides you through the foreign exchange market, and helps you to make transactions in the world.

The information it gives you frequently refreshes and keeps you current exchange rates. We are very thankful for this feature, you can make better financial decisions and increase your profits. Forex software is very useful and very popular, as it monitors market trends, and graphics and analysis are carried out before the traders’ eyes. The exchange rates change all the time at intervals of seconds.

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Evidently, Obama has more extensive resume than I previously thought. Heck, I just thought he was the President. Oh no! He doesn’t stop there.

If fact, he’s one of the few Presidents in our nation’s history that is comfortable being a stock analyst. (He recently said stocks were a good buy back on March 3rd).

But now his resume expands even further. That’s right! He’s not just President and “Stock Analyst” but he’s also a Currency Analyst too now.

(Yeah, I guess CNBC just needs to give him his own show. In fact, we don’t even need economists anymore now that we’ve got Obama. We can save lots of money there by firing all of the economists that the government hires!)

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If you have been trading the forex for long you have probably realized it’s not always as easy as many of us thought it would be. Many of us decided to learn how to forex trade with the hope of easy money. But what we ended up with is hours of watching charts and stressing out about our trades or whether we were going to miss a trade after hours of waiting for the set up. Trading can be a frustrating experience, but it doesn’t have to be this way.

The sad fact is most traders actually lose money trading the forex. Trading a 24 hour market can be difficult. The 24 hour market is often advertised as one of the advantages of the forex but I think it can be more of a disadvantage. The problem is you can’t watch the markets 24 hours a day and it can be hard to sleep at night when you are worried about what your trades might be doing. This is especially true for those of us in the western time zones where a lot of the market activity happens at night while we are asleep.

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