What is FOREX?
If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have into the currency of the country you are visiting.
You go up to the counter and notice a screen displaying different exchange rates for different currencies. You find "Japanese yen" and think to yourself, "WOW! My one dollar is worth 100 yen?! And I have ten dollars! I'm going to be rich!!!"
When you do this, you've essentially participated in the forex market! You've exchanged one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you've sold dollars and bought yen.
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over and notice the exchange rates have changed. It's these changes in the exchanges rates that allow you to make money in the foreign exchange market.
The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. Compared to the measly $74 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $4 TRILLION a day trade volume.
Let's take a moment to put this into perspective.
The currency market is over 53 times BIGGER than the stock market! It is HUGE! But hold your horses, there's a catch!
That huge $4 trillion number covers the entire global foreign exchange market, BUT retail traders (that's us) trade the spot market and that's about $1.49 trillion.
So now you know not to be fooled when you read how the stock market is the biggest game out there. It's definitely huge, but not as huge as the media would like you to believe.
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The eToro platform provides traders with all the essential FX trading tools, including Forex alerts, Forex analysis, various charts of Forex exchange rates, Forex forums, Forex tips and Forex tutorials.
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The eToro FREE practice and training systems and IntelliForex FREE recommendations offer so much benefit, minimising the risks to you.
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What's inside?
* Build and optimize your portfolio
* Custom money management recommendations
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* Free 14-day access to Forex trade alerts via e-mail and MT4 bridge
With a multi-year proven track record of generating winning trading signals, IntelliForex offers retail Forex traders robust trade recommendations via e-mail, SMS messaging and online dashboard. IntelliForex service offers multiple trading signals using advanced mathematical algorithms to generate precise entry and exit signals.
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