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Monday, December 8, 2008

[TIPS] Investing in Forex

The market setiment around although in a phase of recovering after enormous efforts by major governments to revive the financial markets, still seems rather gloomy and stuttering. Another alternative apart from equities or stocks would be Foreign Exchange.

Typically, Forex is about investing in currencies around the world. The idea is basically as simple as buying low and selling high as currency pairs. One currency against another in terms of price. The most popular and trader pair of currencies in my personal view would be USD-JPY.

Forex is actually a massive market that is worth more than 3 trillion of dollars. The good thing is that having a Forex account is much easier and with less hassle as compared to stock broking account. As Internet as eliminated global inaccessibilities, you can trade Forex even in the comfort of your own home. The thing I like about Forex is that you do not need to pay broking and commission to trade.

Read on for full report.

3 comments:

private investment funds said...

Thanks for the post. So selling sterling against Euros or Euro's against dollars is the idea?

ARcane said...

Yes, based on the current currency movement. It does seems like US dollar is slowly inching up. In short term perspective, it may be quite profitable to sell Sterling against USD.

Above are personal opinion, not an inducement to trade.

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