ForexandCurrenciesExplained.com

Forex and the currency markets revealed in easy to understand language

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Forex Financial Software

financial software

Tired of earning a few percent a year on your money? How does earning DAILY interest on your money sound? What will your financial future look like when you are able to build wealth steadily and daily?

Try this Fifteen day free trial of our Forex software and see for yourself the system that banks use to earn a much higher rate of return on their money.

Hands-Free FOREX Trading! FREE TRIAL!

What is the Forex Market and how does it differ from the stock market?

1) While you are in a trade you can actually earn daily interest on your money. Not just a measly one or two percent a month or year like some money market accounts give you but percentage rates of up to 10% or more a day whether your investment goes up or down.

2) This market operates 24 hours a day all over the world instead of the few hours that the stock market is open.

Forex trading hours, trading time:

New York opens 8:00 am to 5:00 pm EST


Tokyo opens 7:00 pm to 4:00 am EST


Sydney opens 5:00 pm to 2:00 am EST


London opens 3:00 am to 12:00 noon EST

Currencies most frequently traded are the Yen, the British Pound, the Euro, the Swiss Franc and the Australian Dollar.

Most commonly traded currency pairs are:

  • EUR/USD
  • USD/JPY
  • GBP/USD
  • USD/CAD
  • AUD/USD
  • USD/CHF
  • EUR/JPY

You are always trading in pairs. Each pair that you buy is sold in a unit called a lot.

2) You can earn interest daily on the money being held in your trade. The higher the interest usually the higher the risk. For example if a currency pair is returning an interest rate of 12% a day this is usually a much riskier trade than one that pays 3% a day.

3) The number of options on what to trade are very few. Unlike the stock market where you may have to research hundreds of stocks, the foreign exchange consists of about  a half a dozen currencies that you are most likely to trade. This means much less research for you.

4) You can start with a very small portfolio and you get a much larger bang for your buck when trading on margin.

5) You can leverage a great deal of money in the Forex market without the stringent regulations of the Stock Market. For example you will be able to control $100,000 ( American Dollars ) for as little as $1,000. 

Try Out Our Forex Trading System - 15 day free trial

* all information contained on this site is for informational purposes only. It is not intended to give advice of any kind. No investment is completely safe. When making any kind of investment take into account what you can reasonably afford to lose. This site is run by an Independent Freedom Rocks Affiliate. Never invest money you cannot afford to lose.

 

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