Forex

• $3 trillion daily turnover
• $35 million traded every second
• 40 x the size of NASDAQ

Foreign Exchange Currency Trading (Forex) is the exchange of money between different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.

Online Forex trading is a nonstop cash market. It is one of the fastest growing industries on the internet. It attracts a wide range of individuals, from beginners to more experienced traders. Anyone with access to the internet, a valid credit card and with a minimum cash deposit can share in the excitement.

Go and make money with Easy Forex

How it works
Foreign exchange is an exciting market. Individual traders trade on margin. For example, a stake of just $100 gives a trader access to a deal worth $10,000 (using a leverage of 1: 100). Markets fluctuate constantly and for a margin trader every little move is magnified 100 times. And while potential profit is unlimited, the trader can only lose their initial investment – for this example, $100.

Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 1,000 deposit can command positions of up to USD 100,000 through leverage. If you believe that the euro will strengthen against the dollar you'll want to buy euro now and sell it back later at a higher price. 
 

• You want to buy the euro - We quote EUR/USD at 1.2501 (bid) 1.2505 (ask), which means that you can buy 1 euro for 1.2505 USD. In this example you buy EUR 100,000, at the quote price of 1.2505 USD per euro.
• The market moves in your favor - EUR/USD is now quoted at Bid 1.2515 Ask 1.2519
• Now you sell your euro and get the profit - You sell euro at a price of 1.2515
• The profit is calculated as follows - Sell price-buy price x size of trade (1.2515 minus 1.2505) multiplied by EUR 100,000 = USD 100 Profit

Go and make money with Easy Forex