Forex Basic 2

Forex Basic 2 - Ok, after a discussion about how interesting and forex, we will proceed to a discussion of how to start?, What must be known and what steps that must be done in order to maximize profits and minimize losses in forex trading.

Forex trade in currencies of developed countries belonging to the G-8, so if you are a Mexico or Indonesia, the peso and rupiah are not traded in Forex, possible reasons for the developed world currencies are considered more stable conditions than the newly developing countries .

This is the currencies that traded in Forex:
EUR / USD: Euro exchange rate against the U.S. Dollar, it means 1 Euro equal to how many U.S. Dollar (example: EUR / USD = 1.35)
USD / JPY: U.S. Dollar exchange rate against Japan Yen, it means 1 U.S. Dollar is proportional to how Japan Yen (example: USD / JPY = 89.5)
GBP / USD: Great Britain Pound Sterling / U.S. Dollar
USD / CHF: U.S. Dollar / Switzerland Franc
USD / CAD: U.S. Dollar / Canadian Dollar
AUD / USD: Australian Dollar / U.S. Dollar
NZD / USD: New Zealand Dollar / U.S. Dollar
EUR / JPY: Euro / Japan Yen
EUR / GBP: Euro / Great Britain Pound Sterling
EUR / CHF: Euro / Switzerland Francs
GBP / JPY: Great Britain Pound Sterling / Japan Yen

Well, looks like the money changers, but the fact that forex trading is not as easy as just money. You must be registered in the sale of these money called a broker Forex.

At the present time in the era of technology and information, forex brokers no longer a sales person who go from house to house and then you wait and read the newspaper, but you can directly interact online, you've heard marketiva, e-toro, e-forex etc ? yup, that's what forex brokers online where you can make an interactive foreign exchange transactions, and profits can be obtained by joining marketiva, e-toro and others, you can practice virtual trading before and then after a few weeks when you're feeling understood the rules , terms and ways of trading forex, you can start real trading.
It's a bit difficult, but Forex is something fun to try to be one of your online business, happy reading, and discussion of forex will continue the next few days.

Read  -  Forex Basic 1