Here you will be able to find a selection of top Forex trading platforms. Currency exchange market is the largest market in the world, teaching you the easiest and best way to make money.
To become the online trader one can use any of the existing online currency exchange trading system. Sign up to several currency exchange brokers to find out who can offer you the best currency exchange rate.
You can carry out Forex online trading and get profit with any of the best Forex trading platforms.
The Forex market is one of the largest and most profitable markets in the world and it is in a continuous expansion. Even though there is a certain degree of risk involved, profit margins are relatively very high.
Forex trading, does not require physical purchase of a currency, they involve a contract for a certain amount and an exchange rate of a currency pair. Example: If you have 500 euros, you can buy a forex contract for 50,000 euros. This phenomenon is called “leveraging” on a scale of 1:100. The investor risks only 500 euros, while the exchange earnings may be much higher.
The currency market is a system through which one buys and sells currency. Currency market is the largest and most profitable market in the world, accessible by all those who want to trade through online brokers. Regardless the economy and the crisis, the Forex market is not affected. It is open 24 hours / day from Monday to Friday.
The fundamental Analysis provides a long term price forecast. The modified prices of the exchanges are predicted by the economic indicators analysis, by economic factors and by the government policies. The most important economical indicators are:
- GDP – It is the sum of all goods and services and it is considered the most important economical indicator
- The industrial production – The industrial capacity of any country
- The purchase price index
- The production price index – Measures the price change for manufacturing sector
- The consumer price index – The medium price payed by the consumers
- Goods for long use – Measures the orders for long use goods
- The labor cost index
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Zita Zimande is a sports news journalist from the University of Johannesburg. Besides being a sports fanatic, she loves to cook during her spare time.