Comments on: Forex and what heck is it? http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:51:47 +0000 http://wordpress.org/?v=2.3.3 By: db http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11084 db Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11084 Forex is the currency exchange market, the place you buy and sell currencies against one another. A currency pair is the rate of exchange of two currencies, i.e. one apples buys you x oranges, where apples and oranges are currencies, like dollars, euros, yuan, yen, etc. Trading currency is a game of betting on the rate of exchange changing and making money based on it, essentially a form of arbitrage. Forex is the currency exchange market, the place you buy and sell currencies against one another.

A currency pair is the rate of exchange of two currencies, i.e. one apples buys you x oranges, where apples and oranges are currencies, like dollars, euros, yuan, yen, etc.

Trading currency is a game of betting on the rate of exchange changing and making money based on it, essentially a form of arbitrage.

]]> By: Max G http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11085 Max G Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11085 haha currency pair. for example, USD and Aus Dollar. Of course i would use US Dolalr to buy aus dollar. let's say i used 10 us money to buy 15 aus dollars. Now if USD goes down, i would buy more us dollar with australian money than i originally bought $10 (US) = $15(aus) now us goes down which means aus now goes up so 15 aus dollar now can buy more US money, definitely more than $10 haha currency pair. for example, USD and Aus Dollar. Of course i would use US Dolalr to buy aus dollar. let's say i used 10 us money to buy 15 aus dollars. Now if USD goes down, i would buy more us dollar with australian money than i originally bought

$10 (US) = $15(aus)
now us goes down which means aus now goes up

so 15 aus dollar now can buy more US money, definitely more than $10

]]> By: TarHeelFan http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11086 TarHeelFan Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11086 Forex trading is basically buying one currency against another. Every currency has a code. For example: U.S. Dollar = USD Japanese Yen = JPY Euro = EUR British Pound = GBP In order to execute a trade, you have to pick a pair. The most traded pair is the U.S Dollar/Euro pair (USD/EUR). And the way it works is if one currency of a pair goes up, the other currency goes down. And to make money you have to pick the currency that's going up. It's that simple. The good thing about Forex trading compared to the stock market is that Forex is practically open 24 hours a day (except on the weekends). A good number of trading starts Monday 9:00 AM Japan time (which is Sunday 7:00 PM in New York) and continues throughout the week non-stop and ends the week about 5:00 PM New York time Friday night. Compare that to the stock market, which is open 9:30 AM to 4:00 PM New York time Monday thru Friday. Forex trading is basically buying one currency against another. Every currency has a code. For example:

U.S. Dollar = USD
Japanese Yen = JPY
Euro = EUR
British Pound = GBP

In order to execute a trade, you have to pick a pair. The most traded pair is the U.S Dollar/Euro pair (USD/EUR). And the way it works is if one currency of a pair goes up, the other currency goes down. And to make money you have to pick the currency that's going up. It's that simple.

The good thing about Forex trading compared to the stock market is that Forex is practically open 24 hours a day (except on the weekends). A good number of trading starts Monday 9:00 AM Japan time (which is Sunday 7:00 PM in New York) and continues throughout the week non-stop and ends the week about 5:00 PM New York time Friday night.

Compare that to the stock market, which is open 9:30 AM to 4:00 PM New York time Monday thru Friday.

]]> By: Xelam http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11087 Xelam Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11087 short question but needs profound answer but to make it also short, register to this site to download a Free Forex Ebook and a Free Demo account. these two will help you a lot in understanding how what and how forex works. all the best. short question but needs profound answer but to make it also short, register to this site to download a Free Forex Ebook and a Free Demo account. these two will help you a lot in understanding how what and how forex works. all the best.

]]> By: percy_3687 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11088 percy_3687 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/13/forex-and-what-heck-is-it/#comment-11088 have organized a course on Forex this weekend let me know if u r interested. http://www.trade.hashcod.com/ percy3687@gmail.com have organized a course on Forex this weekend let me know if u r interested.

http://www.trade.hashcod.com/

percy3687@gmail.com

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