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Written by Forex
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Friday, 25 September 2009 18:22 |
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You'll need to register a trading account with a Forex broker, such as 4XP. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time! |
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Written by Forex
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Friday, 25 September 2009 18:28 |
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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. |
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Written by Forex
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Friday, 25 September 2009 18:29 |
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Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session). |
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Written by Forex
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Friday, 25 September 2009 18:29 |
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Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open. |
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Written by Forex
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Friday, 25 September 2009 18:30 |
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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. |
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Last Updated on Friday, 25 September 2009 18:30 |
Forex FAQ
