FOREX Investing Made Simple - What Is Forex? - Maverick Investing Series

By Bob Dean Stanford

Forex is the world's largest trading platform with close to four (4) trillion dollars a day traded. It is a high risk investment market but can be mastered through proper education, accurate advice, and some experience.

The Foreign Exchange Market (Forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies.

Amazingly, after presenting it as a high risk investment platform, it can be a very safe investment vehicle if you have access to insider information. We define insider information as "looking over the shoulder of Forex investors that have verifiable high income producing success rates. But let's explain some of the basics of Forex investment and really, explaining its pros and cons.

WHAT IS THE FOREX MARKET?

It is the trading platform enabling investors to exchange currencies of one country for another's. For example, if the US Dollar is high, and the Australian dollar is at a low level, you may desire to exchange USD (U S Dollars) for Australian dollars.

You would make this currency exchange hoping the value of the Australian currency would rise. The lowers the exchange rate differential (called the "spread") between the USD and the AUD (Australian Dollar). If the USD was valued at $1.00 and in comparison, the AUD was valued at $.80 in comparison, there would be a $0.20 spread.

If the AUD went up in value to say $.90 compared to the USD (still valued at $1.00 here), you could realize a $0.10 profit for each dollar you traded if you closed out your trade now. That would be a $100.00 profit for each $1,000 you invested.

Simply put, you're buying a cheaper currency at a low rate hoping it will increase in value like any other product. If it goes up, you make a profit. If it goes down you lose money.

The Forex market assists international trade and investment by enabling currency conversion.

For example, it permits a business in one country, say Canada, to import goods from the Europe, especially Eurozone members, and pay Euros, even though its currency is in Canadian (or the purchasing countries) currency. It also supports direct speculation in the value of currencies, speculation based on the interest rate differential between two currencies

Some primary tools you'll use

You'll need a Forex account for your investment deposits which you would setup with a broker. Usually, a small deposit of $100 or $200 is the starting amount for beginners, though you can invest as much as you want. Typically, the deposits increase as you gain experience and confidence in you investment ability.

Set up a free practice account

The smart approach to learning this investment medium is to setup your own free practice (or demo) account. You are issued "virtual" or fake money (like Monopoly money) to invest. This allows you to learn, gain some experience, and determine when you are ready to start investing real money. All this is free.

You'll need to familiarize yourself with the accounts investment platform, the software enabling you to access the online Forex marketplace. This is usually free too. And you'll likely want to take a brief Forex course explaining the terminology and investing basics of Forex.



The Forex Quotes are powered by Investing.com.

ForeX Pulse Detector

Try Our Forex Robots For Free
Do you know that you can try our forex robots for free ?

Yes, you can try for free because we believe in our forex robots! Many web sites do not allow the users to test their forex robots (expert advisors). However, in our web site you can do that. All you need to do is to register your profile and test all the forex robots for free for unlimited period of time. If you have any questions concerning the forex robots you can get in touch with us at any time and our support team will be happy to help you and you do not need to pay anything for it.

   

Buy Sell magic

The most wanted Forex tool!  Brand new Forex discovery: Forex Buy Sell Software that works on any time frame and on any pair. No experience required. Plug and Play!

   

Trader On Chart

Trader On Chart is a very useful tool in Forex trading. This application will sit on your MT4 chart(s) and wait for your command to open trades with your preset settings. It is more than easy to set your trade settings and this program will open BUY or SELL trade with just a simple click of your mouse on the green or red button. The stop loss and take profit values will be set automatically on the trade and it can even have its own unique trailing stop value. It means that when you have multiple trades, they all can have their own unique trailing stop.

 

ForeX Books Brought To
You By eBay

 

Forex Millionaire : Escape 9- 5, Live Anywhere, and Join the New Rich -buy No...

 

$49.95
End Date: Monday Apr-22-2019 18:01:47 PDT
Buy It Now for only: $49.95
Buy It Now | Add to watch list

50 Pips a Day Forex Strategy (Paperback or Softback)

 

$12.71
End Date: Thursday Apr-4-2019 3:45:20 PDT
Buy It Now for only: $12.71
Buy It Now | Add to watch list

COMPLETE MANUAL FOR FOREX - GUIDE AND PATTERN FORMATIONS- EA EXPERT ADVISOR MT4

 

$9.99
End Date: Friday Apr-5-2019 9:28:56 PDT
Buy It Now for only: $9.99
Buy It Now | Add to watch list

LOT: 4 Books - Fibonacci Harmonic Trading, Stocks, Forex

 

$79.00
End Date: Tuesday Apr-16-2019 16:11:42 PDT
Buy It Now for only: $79.00
Buy It Now | Add to watch list

How I made $57k in ten days trading the Forex Markets

 

$19.95
End Date: Tuesday Mar-26-2019 14:13:24 PDT
Buy It Now for only: $19.95
Buy It Now | Add to watch list

Lot of 9 mixed venue Stock Market Books, Options, Funds, Forex, Bonds, Commoditi

 

$39.99
End Date: Sunday Mar-24-2019 11:46:11 PDT
Buy It Now for only: $39.99
Buy It Now | Add to watch list

Forex Currency Pairs Explained : Knowing the Foreign Exchange Pairs and How t...

 

$13.23
End Date: Saturday Apr-20-2019 23:12:01 PDT
Buy It Now for only: $13.23
Buy It Now | Add to watch list

Currency Kings: How Billionaire Traders Made their Fortune Trading Forex and How

 

$9.19
End Date: Tuesday Apr-2-2019 16:42:30 PDT
Buy It Now for only: $9.19
Buy It Now | Add to watch list

Forex Trading Crash Course: The #1 Beginner's Guide to Make Money with Trading F

 

$12.71
End Date: Thursday Apr-18-2019 11:00:06 PDT
Buy It Now for only: $12.71
Buy It Now | Add to watch list

Forex for Ambitious Beginners: A Guide to Successful Currency Trading (Paperback

 

$21.60
End Date: Tuesday Apr-2-2019 0:29:20 PDT
Buy It Now for only: $21.60
Buy It Now | Add to watch list

Mt4 High Probability Forex Trading Method, Paperback by Brown, Jim, ISBN 1536...

 

$29.08
End Date: Friday Apr-5-2019 23:03:08 PDT
Buy It Now for only: $29.08
Buy It Now | Add to watch list

Thirty Days of FOREX Trading: Trades Tactics and Techniques by Raghee Horner VG

 

$27.49
End Date: Saturday Apr-20-2019 8:16:04 PDT
Buy It Now for only: $27.49
Buy It Now | Add to watch list

Trading the Forex Market : Repeating Setups That Beat Your Broker, Paperback ...

 

$34.91
End Date: Sunday Apr-7-2019 18:36:10 PDT
Buy It Now for only: $34.91
Buy It Now | Add to watch list

Best Trading Strategies: Master Trading the Futures, Stocks, Etfs, Forex and Opt

 

$19.06
End Date: Friday Apr-19-2019 21:33:03 PDT
Buy It Now for only: $19.06
Buy It Now | Add to watch list

Black Book of Forex Trading : A Proven Method to Become a Profitable Trader i...

 

$21.34
End Date: Friday Apr-5-2019 21:53:39 PDT
Buy It Now for only: $21.34
Buy It Now | Add to watch list

How to Trade Forex and Currency Markets: A Beginner's Guide by Zack Zarr

 

$22.42
End Date: Tuesday Apr-16-2019 3:51:47 PDT
Buy It Now for only: $22.42
Buy It Now | Add to watch list

Forex - a Beginner's Guide to Currency Trading, Paperback by Michaels, Michel...

 

$15.18
End Date: Monday Mar-25-2019 23:31:47 PDT
Buy It Now for only: $15.18
Buy It Now | Add to watch list

Forex Trading : For Beginners, Paperback by Rees, Samuel, ISBN 1543088759, IS...

 

$25.53
End Date: Monday Apr-8-2019 0:02:02 PDT
Buy It Now for only: $25.53
Buy It Now | Add to watch list

Forex Trading: Proven Forex Trading Money Making Strategy - Just 30 Minutes a Da

 

$16.90
End Date: Sunday Apr-21-2019 12:05:55 PDT
Buy It Now for only: $16.90
Buy It Now | Add to watch list

Naked Forex : High-Probability Techniques for Trading without Indicators, Har...

 

$47.37
End Date: Thursday Apr-4-2019 19:13:35 PDT
Buy It Now for only: $47.37
Buy It Now | Add to watch list

The Forex Trading Course: A Self-

 

$8.55
End Date: Wednesday Apr-3-2019 15:48:20 PDT
Buy It Now for only: $8.55
Buy It Now | Add to watch list

Trading Code Is Open: St Patterns of the Forex and Futures Exchanges, 100% Profi

 

$20.75
End Date: Tuesday Apr-2-2019 17:21:01 PDT
Buy It Now for only: $20.75
Buy It Now | Add to watch list

Day Trading Forex: This Book Includes- Day Trading Strategies, Forex Trading: A

 

$23.27
End Date: Friday Apr-19-2019 16:19:45 PDT
Buy It Now for only: $23.27
Buy It Now | Add to watch list

How to Day Trade Forex for High Profits : Tips to Make High Profits Trading F...

 

$18.81
End Date: Thursday Apr-11-2019 20:52:00 PDT
Buy It Now for only: $18.81
Buy It Now | Add to watch list

Forex Price Action Scalping: An In-Depth Look Into the Field of Professional Sca

 

$44.85
End Date: Wednesday Apr-10-2019 1:32:04 PDT
Buy It Now for only: $44.85
Buy It Now | Add to watch list

Back To The Top Of The Page

 
 
Online Brokers Platforms For Day Trading