The Forex market
Explanation of the market
The Forex market (FX) is short for FOReign Exchange. The market is based on buying a specific currency and selling another. By predicting which currencies are going to increase or decrease in value it is possible to make a profit. The advantage of this specific market is that it is open 24 hours a day, 5 days a week.
... scandals happen less in the Forex market? This is because foreknowledge about the currencies is almost impossible. All traders can process of the same information at the same time.
The founding of the Forex market
Exchange rates can float freely since 1971. This allowed the trading in currencies. The currency market increased rapidly to one of the biggest markets in the world. Trading is done by both companies and individual traders. Companies use the market to buy products and traders use the market to profit of the currency changes.
Our use of the Forex market
We trade mainly in eur/usd, usd/yen, gbp/usd, usd/can, olie, goud, zilver, aud/usd, eur/yen, dax en dow.
The danger of the Forex market
The rumour is that the Forex market is easy to make a profit. Unfortunately, this is not the case. We advise starting traders to only invest money that you can miss. Also, it is advisable to search for independent advisements and tips.