There are vast sums of money that are exchanged everyday in the forex market and people can only really make educated guesses of just how much it is. One thing if for sure though, it is a very exciting marketplace to be part off.
The way things work, is that there are no regulated exchanges for Forex and the prices come from what the banks are willing to buy and sell for, between each other. This means that the brokers are acting as market makers, so you must find a good quality broker.
They need to be able to give a user or trader the proper levels of liquidity to ensure that currency can be bought and sold at the right prices, without spikes in prices or not being able to sell at all.
Since I began to use Easy Forex as a broker, I have always found them to provide excellent liquidity. They have a strong focus on customer services and when you fist sign up you get a personal account manager.
You do not need to download or have any software on your computer, it is all totally web based, meaning that you could be trading from any location anywhere in the world! As long as you have access to an internet connection of course.
Easy Forex can also provide courses and information about forex and trading, especially information on what causes currencies to move, as well as a full background on trading technically. This especially good if you are new to forex, or would like some extra help in forming a good trading strategy.
You also get your own news printer, with all the latest economic data as it comes out and world events. These can really cause very big price changes, that every trader has to be aware of, especially things like the non farms payroll.
People can either start off with a mini account or move straight on to a full account. Trades on the mini are as low as $12.50. Deposits and withdrawals are made quickly, with either a credit card or paypal.
However, you can open an account and take advantage of all the tools and education for free.
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