"Worrying for a day is more tiring than working for a week."
-a forex trader
The foreign exchange market, or forex, is all about money. People buy, sell, and trade money from all over the world. On the forex, anyone can buy and...
Before there was forex, there was Hawala. Hawala is an informal currency exchange that has been around since the days of the Silk Road, when traders and financiers used it to trade and barter with merchants from other countries. At that time,...
Anyone who trades foreign exchange (Forex) has heard of George Soros, the trader who won by betting against the Bank of England. This story has been told so often that it has become a legend. But now, in 2007, when GBPUSD is once again above the...
Foreign currency trading is a business with a lot of risk and a lot of reward. You need to come up with plans if you want to keep making money in the market. Keep in mind that day trading in foreign currency is not the best way if you want to...
The success of the FOREX market as a whole is made possible by margin. Without this important idea, the average investor would not be able to do anything in FOREX. So, what exactly is a margin?
Trading With A Margin
Set up a...
China's economy has been and still is the one that grows the fastest, and it doesn't look like it will stop any time soon. Wikipedia says that the GDP in 2006 was "$2.68 trillion USD. Its GDP per person in 2005 was about US$1709 (US$7204 with...
China's economy has been and still is the one that grows the fastest, and it doesn't look like it will stop any time soon. Wikipedia says that the GDP in 2006 was "$2.68 trillion USD. Its GDP per person in 2005 was about US$1709 (US$7204 with...
"A calm sea has never made a good sailor!"
Quote from a trader who was addicted to forex
The forex, which is also known as the foreign trade market, is the world's biggest and most liquid exchange market. Unlike the stock...
Scammers who try to get people to trade Forex with them often use ads in local newspapers, radio spots, or attractive websites. Some of these ads may talk about ways to invest in foreign currency trading with low risk and high return. They might...