Monday, February 22, 2010

Foreign Exchange AKA- FOREX

Foreign Exchange trading also know as Forex trading can be a highly lucrative business. It consist of purchasing an amount of one currency by paying a certain amount of another currency. Forex has become increasingly popular because of the 24 hour market unlike the stock market which opens and closes every day. Forex trading also involves leverage which makes it possible to earn a large profit with only a very small investment. The United State;s dollar and Europe's Euro are the two most common types of currency traded on the foreign exchange market. Just to show you how lucrative this market really is here is the markets worth as of last year $3.98 trillion

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