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George Henderson


Last Updated: 11/17/2009

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Gender: Male
Status: Married
Age: 47
Sign: Aquarius

City: PHOENIX
State: Arizona
Country: US
Signup Date: 1/22/2008

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Friday, February 15, 2008 

Category: MySpace

Forex, The World Market

Forex (Foriegn Exchange) trading is the trading of international currencies. It's been around since the early 70's worldwide but our ability to trade in the market was controlled by the US until 1998.  If you didn't have big money, you couldn't trade in the market. Well, since the  evolvement of the internet, the US has had to conceived to the desires of the everyday person to trade the market.

One of the reasons you do not hear a whole lot about the Forex market is because unlike the stock market and the real estate market, there is no large billion dollar middleman industry. In other words, you hear about RE, stocks, and mutual funds through adverstisements of brokers, RE agents, mortgage companies, Banks,RE Investment gurus, etc. because they are the ones who make the millions out of the investors. That's not a bad thing, it's just business. The forex, there really is no middle man as of yet. There is just you and your trading platform.

The differents between our stock market and the Forex market is  our stock market is basically an 8 hour, 5 day a week, loacl operation that trades about $25 billion dollars a day. The forex is an international market that operates 24 hours, 6days a week allowing you the opportunity to trade on your schedule and it trades at 4 ot 7 trillion dollars a day.

It is important that you learn about forex trading.  Look for a book called "Forex Made Easy", which you may can get from Barnes and Nobles or a big book chain in your area or at amazon.com . If you would like to get some information from a trading platform, go to www.forex.com or www.interbankfx.com or just google forex. Once you decide to  trade, check out www.forexearlywarnihg.com. It's a community of forex traders that help each other trade. You can also find forex groups on yahoo boards.

I highly recommend you ckeck it out and get fully educated about the forex market.  Let me know if I can be of any help.Good Luck! 
Eric

 
That you so much for writing this!
 
Posted by Eric on Friday, February 15, 2008 - 7:33 PM
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