You'll need to register a trading account with a Forex broker, such
as Marketiva. Then you can begin using their Forex client program to buy
and sell currencies. This will take less than 5 minutes of your time!
It's not owned by anyone in particular. Forex is an Interbank
market, meaning that it's transactions are conducted only between two
participants - seller and the buyer. So as long as existing banking
system will exist, Forex will be here. It's not connected to any
specific country or government organization.
What the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia
trading session) till 22:00 GMT Friday (closing of USA trading session)..
What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up.
Short position is a "sell" position, meaning that this position will be in profit if price goes down.
What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for
every possible market situation, if you want to be in profit. Specific
strategies can only be good for a certain period of time and for certain
currency pairs.
How much money I need to start trading Forex?
With Marketiva you can start trading Forex with as little as $1.
Usually, the minimum amount varies from $100 to $10,000 ($100,000 and
more for Interbank trading).
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Reviewed by Forex Pips Signal
on
January 07, 2013
Rating: 5
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