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Forex Made Easy

Written by ForexCult Team
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Forex Made Easy In the following article, I am going to tell you how you can learn forex made easy through simply understanding what the forex market is all about as well as understanding what the terms mean as well. The first step we are going to take with forex made easy, is understanding what forex really is. The first thing that you should know is that there are many names for the forex market. The forex market is known as the foreign exchange market as well as the retail forex market and can also be referred to as the spot forex market, it all depends on what you want to refer to it as, no matter what you call it its still going to be the same market. The forex market is known as the largest or biggest financial market that is in the world and it averages out making around two trillion dollars a day during the exchanges. If you were to compare that to the amount of money that the NYSE handles within a day, you would truly be able to see that there is a major difference between the two when it comes to the amount of money that is handling. Forex Made Easy With Trading In this paragraph we are going to talk about what is actually being traded on the forex market. When you think about it the simplest way to put it is that money is being traded on the forex market because of the fact that the forex market is actually the purchasing of one currency and the actually selling of another. When it comes to the forex market, the actual currencies are known to be traded through a forex broker or often referred to as a dealer and the currencies are also traded in pairs instead of being trading separately. Based on the fact that you are not buying anything physically, this type of market can be found as confusing. When you think about buying a currency you should think that you are buying a share in that country. Forex made easy with trading can help you understand what trading is really all about. When it comes to the forex market, there is no physical location and there is no central exchange as well. In fact that forex market is also known as an over the counter market or it can be known as an interbank market. This is solely based on the fact that the entire market is actually run electronically and that it takes place within a certain network of banks that run on a twenty four hour period. Forex Made Easy With Learning If you are willing to put forth the time to decide how you can learn with forex made easy, you will be able to soar into the market and truly understand everything about the market that you possibly can. Now let’s take the time to talk about the spot market, the spot market is known as any particular market that actually deals in the specific price of the financial instrument. Based on this information it is important that you know the currencies that are being traded. In this paragraph I am going to tell you about forex made easy by telling you the symbol of the currencies that are trading as well as the country that the symbol is used to refer to and also the nickname of that currency as well, we are really going to learn about forex made easy. Let’s start with the symbol USD which belongs to the United States of America and is know as a dollar and is nicknamed Buck. Next you have the EURO which is related to the Euro members and is know as the Euro currency and is nicknamed fiber. Then you have the JPY which is related to Japan and is known as the currency Yen and is nicknamed Yen as well. Then you have the GBP which is related to Great Britain and is known as the currency pound and is nicknamed Cable. I don’t have to time to tell you about all of the currencies but if you want to know more about the currencies and all of the information that I have provided you with, you can go online and you will be able to find all the information that you can imagine needed to learn forex made easy. Forex made easy is the easiest way to learn what forex and the forex market is all about.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.