Forex? What is it, anyway?

The market
The currency trading (foreign exchange, Forex, FX) market is the biggest and
fastest growing market on earth. Its daily turnover is more than 2.5 trillion
dollars. The participants in this market are central and commercial banks,
corporations, institutional investors, hedge funds, and private individuals like
you.

What happens in the market?
Markets are places where goods are traded, and the same goes with Forex. In Forex markets, the “goods” are the currencies of various countries (as well as gold and silver). For example, you might buy euro with US dollars, or you might sell Japanese Yen for Canadian dollars. It’s as basic as trading one currency for another.
Of course, you don’t have to purchase or sell actual, physical currency: you trade and work with your own base currency, and deal with any currency pair you wish to.

“Leverage” is the Forex advantage
The ratio of investment to actual value is called “leverage”. Using a $1,000 to buy a Forex contract with a $100,000 value is “leveraging” at a 1:100 ratio. The $1,000 is all you invest and all you risk, but the gains you can make may be many times greater.

How does one profit in the Forex market?
Obviously,  buy  low  and  sell  high!  The  profit  potential  comes  from  the fluctuations (changes)  in  the  currency  exchange  market.  Unlike  the  stock market, where share are purchased, Forex trading does not require physical purchase  of  the  currencies,  but  rather  involves  contracts  for  amount  and exchange rate of currency pairs.
The  advantageous  thing  about  the  Forex  market  is  that  regular  daily
fluctuations - in the regular currency exchange markets, often around 1% - are
multiplied by  100!  (Easy-Forex™ generally offers trading ratios from  1:50 to
1:200).

How risky is Forex trading?
You cannot lose more than your initial investment (also called your “margin”).
The profit you may make is unlimited, but you can never lose more than the
margin.   You are strongly advised to never risk more than you can afford to
lose.
How do I start trading?
If you wish to trade using the Easy-Forex™ Trading Platform, or any other, you must first register and then deposit the amount you wish to have in your margin account to invest. Registering is easy with Easy-Forex™ and it accepts payment via most major credit cards, PayPal, Western Union.    Once your deposit has been received, you are ready to start trading.

How do I monitor my Forex trading?
Online, anywhere, anytime. You have full  control to monitor your trading status, check scenarios, change some terms in your Forex deals, close deals, or withdraw profits.