Released on = August 30, 2006, 11:11 am

Press Release Author = DPO

Industry = Accounting

Press Release Summary = Foreign currency exchange also known as Forex is all about
money. Money around the globe is bought, sold and traded. On Forex this is at hand
for anyone, anybody can come out ahead in the end. At the moment of making
businesses with foreign currency exchange you buy the currency of one country, after
you sell it again and make your profit.

Press Release Body = A Crash Course in Forex Education - What You Need to Know to
Get Started

Foreign currency exchange also known as Forex is all about money. Money around the
globe is bought, sold and traded. On Forex this is at hand for anyone, anybody can
come out ahead in the end. At the moment of making businesses with foreign currency
exchange you buy the currency of one country, after you sell it again and make your
profit. For instance: a broker buys Japanese yens when the yen-to-dollar ratio
increases, then sells the yens and buys again American dollars in order to make a
profit.

Even though there are some similarities between Forex and the stock market since
both imply buying and selling in order to make a profit there are also some
differences. Comparing with the stock market Forex has higher liquidity. This
signifies that much more money is changing hands each day. One more significant
difference once we compare Forex to the stock market is that Forex has no place
where it is exchanged and it never closes. Forex entails trading between banks and
dealers around the planet and grants twenty-four hour access throughout the business
week.

An additional disparity between the stock market and the Forex is that Forex trading
has much higher leverage than the stock market. Somebody who decides to invest in
Forex can expect big profits once they get experienced and are aware of the way it
works. There is as well a big chance for losing much more money too. It is important
to know that many brokers make available the service of trading using the mini-Forex
system for those who are just getting started in the Forex. This has a less
important minimum deposit, usually $100. This favors those learning how to deal on
Forex with less chances of losing big money at the time they learn how the system
works.

There is a lot of jargon when dealing with Forex. Learning to trade on the Forex can
be to some extent intricate for the apprentice of trader. When examining the names
used in Forex, a symbol is made of two parts. The first half of the symbol refers to
one currency and so the second half to the second currency that is being used. The
symbol "usd/jpy" stands for "US dollars" and "Japanese yen". It is essential to
become skilled at what the currency symbols mean as soon as the intention is
learning about the Forex. There are numerous books and websites committed on
teaching traders on the subject of Forex.


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