Intro to Forex

People talk about forex all the time and they share their views about it but few really know what it is about and like every other topic, the topic of Forex needs introduction. i.e. to know the first thing about Forex and from there on I can start to elaborate on the pros and cons of the trade.

First thing I you need to know Forex is not a game it's a business and I will like to clarify the notion that it is a gamble right here. I have heard people say 'how do u know where the market will move next? you people gamble.' it may seem like it at first to a novice and that's why I'm writing this article.

Forex is a business like any other and you need adequate knowledge of the business you are getting into before you dabble into it else it will surely fail. so please get adequate education on Forex and meet people who have been successful in the trade to put you through.

 Now back to the topic at hand, first, what is Forex? Forex is the short form foreign exchange market in which people trade currencies and commodities which has an approximate turnover of $3.98 trillion dollars daily as reported according to the April 2010 Triennial Central Bank Survey. so if you ask me I think the cake is big enough for all to take a bite or bites depending how are capable you are. Now all this money circulates around the world markets bu three are major players and each has it's time zone which are London, New york and Hong kong which also means that the market never sleeps and it runs 24hrs a day except weekends and another sweet advantage to this business is that unlike stocks and shares, you can make profit anytime, at any position in the market which makes it  perfect for any investor. 

Investing in Forex can be done through anyone of the Forex brokers around which offer as low as $100 for your first investment so now anyone can invest in this volatile market. which promises a lot.