Foreign Exchange Trading or Forex trading involves the systematic buying and selling of

foreign currencies for profit making purpose. Forex trading used to be the exclusive

reserve of the rich and financial institutions, but today with the advent of the internet,

ordinary people with as little as $100 or even $1, are now making money trading forex

online. The forex market is the largest financial market in the world worth over $3.5

trillion.

Forex is traded through a Forex broker. Trading forex online is possible because brokers

have provided platforms online for forex trading. Forex is traded (bought and sold) in

currency pairs. When trading Forex, you buy one currency, while selling another. Put

another way you use one currency to buy another currency. Some popular currency pairs in

online forex trading include EUR/USD (Euro US Dollar), GBP/USD (British Pound US Dollar),

USD/JPY (US Dollar Japanese Yen) and EUR/JPY (Euro Japanese Yen).

To trade forex online, you need a computer and an internet connection with reasonable

speed. You also need the services of an online forex broker. Some forex brokers provide you

with a software application to enable you trade forex online. With other forex brokers, you

simply trade forex online at their website. You setup a forex trading account with a forex

broker and fund it with supported payment methods. Payment methods accepted by online forex

brokers include e-gold, Wire Transfer, e-Bullion, PayPal, Liberty Reserve, WebMoney,

etc.The amount of money an online forex trader makes depends on the amount invested and the

size of currency fluctuation in your favour. In simple terms, the more money you invest,

the more money you could make,but there is a company that use your money for forex and

other businesses that can give you good returns by investing with them without any

risk,kindly read more on

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