The advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (forex) contracts. Sometimes they even offer lucrative employment opportunities in forex trading. Until recently, this was based on actual currency deals that took place in a window 30 seconds before and 30 seconds after 16:00 London time. WM-Reuters then calculated the fix rates based on these observed transactions, which form the benchmarks for that day.
Participate in real time on our platform and read the trading and investment blogs. Or, at your leisure, you can view the modular courses and brief video lessons of the Saxo Academy. Either way, knowledge doesn't just set you free, it puts you in control.
Forex pairs are typically quoted to five decimal places. The fluctuation of the fourth decimal point (0.73700) is known as a pip (stands for percentage in points� or price interest point�). It is the movement of these pips that will determine your profit or loss.
Well, when I wanted to learn about Forex trading, a friend of mine suggested I try this site. I did and haven't changed since then. Actually, when you asked me to tell you about Forex, I was going to suggest that you go through the site yourself. Not only does the site contain basic information for those who have absolutely no idea or knowledge about Forex and Forex trading, it also features detailed information on Forex trading, knowledge and information based articles, news from the Forex, Equity and Commodity markets, information and links to brokers, analysis of the various markets and financial news from around the world.
You have an opinion. Now what? Open your free forex demo platform and trade your opinion. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another.
