Getting Started In Forex

What is Forex?

Forex is short for the foreign exchange currency market. Have you ever wondered who determines the exchange rate when you are traveling to different countries? You might be surprised to find out there is a major exchange devoted to determining just that. It is the most liquid market in the world with a daily average of over $3 trillion dollars. To give you perspective, in just one week the forex market trades the same volume that the New York Stock Exchange turns over in a full year.

No Commissions

Forex brokers do not charge a fee for any trades you make. Instead they profit from the spread between the bid & ask prices. Compare this to the stock market where you pay for both the bid & ask spread as well as a trade commissions.

Free Professional Streaming Charts

Watch as price action steams across a free interactive chart. These are not just real time quotes but actual price information. Many companies such as E-Signal charge $80 + a month for this kind of stock trading data.

24 hour markets

The currency market trades 24 hours a day giving you plenty of opportunities to trade even if you have a full time job. Market opens Sunday 6 ET (US) and closes Friday 4 ET (US).

Earn Interest

When you purchase currencies you can actually earn interest depending on the direction of a trade. If you trade in the direction of positive paying interest, you will essentially be paid a short term dividend on your live trades.

Trade Long and Short

There is no added risk to short positions in the forex market which allows you to make money just as easily in bear markets as bull markets. Stop losses and trailing stops are easy to set as well as Automatic Safety Protection Controls. All accounts have settings to make sure you never lose more money than you have in your account