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1. It's Not For Everyone! Online Currency Trading

2. If you are a beginner to online currency trading, then
you will have to do some research into what online
currency trading is all about. Online currency trading is
not gambling but you need to know what the
investment is and how it works before you consider
trading. But don't misinterpret this and think that online
currency trading is a get-rich scheme. Online currency
trading is not a difficult process if you take your time, do
your research and understand the market. Getting
started investing in online currency trading is easy and
painless.

3. In currency trading, there are currency pairs. A currency
pair consists of two currencies, one of which is being
bought and the other is the currency used to buy the
other currency. Take a look at this example: GBP/USD
where GBP is the British Pound. The GBP is what we call
the 'base currency' which has the initial value of 1. This
is the currency being bought. Next is the USD or the US
dollar. This is what we call the 'quote-currency' and has
the value of how much one of the base currency is
worth. For example: EUR/USD 1.2436, one Euro is worth
1.2436 US dollars. If you need 1000 Euro, you'd have to
exchange it for 1243.6 US dollars. Other major
currencies traded are Canadian dollar (CAD),

4. Japanese Yen (JPY), Australian dollar (AUD, and the
Swiss Franc (CHF).

5. With Forex currency trading, you are actually buying or
selling a "pair" of foreign currencies online, by phone or
other methods. "Pair" means two currencies that are
being compared by pip, or a common denominator
between the two currency values. Bids are placed for
the pair based on what buyers are willing to pay. An
asking price is what sellers are willing to take at any
given time. For example, you might buy Euro dollars
with your US dollars, so you are actually buying the
EUR/USD pair. The pair will either increase or decrease,
depending on what buyers are willing to bid, giving you
a gain or loss for your investment. The rise and fall of
pips in Forex currency trading will depend on

6. each country's foreign exchange rate. The exchange
rates can be affected by interest rates, unemployment
rates, inflation, national events or disasters. If you have
ever traveled to a foreign land, then you understand
that your own currency could either be worth more or
less than the currency of that nation.

7. Knowing how currency values changes is important in
currency trading. In a nutshell, buy a currency when its
value is low and sell it when its value is high. The
changes in currency values depend on political and
economic events. Foreigners going in a country triggers
currency exchange as well as large purchases of
commodity from one country to another. Also, we
should not forget the influence of speculators in
currency trading. They speculate on the increase or
decrease of value of a currency therefore will make
decisions in advance. It is important to be updated in
these influences to the trade to be able to keep up with
the fast-paced volatility of the currency trade.

8. Most brokers and brokerage houses now offer online
trading to their clients and you can discover the
POWERFUL POTENTIAL of FOREX Trading. Be advised
that trading currency on a forward basis is not
permissible. Currency trading has grown dramatically
over the past 10 years and that then paved the way for
companies to set up online currency trading known as
Forex trading.

9. There are a few things to watch out for as a new
investor. Be sure to choose a dependable registered
broker. Be sure to research the company before you
commit. Avoid trading mishaps by trying out a Forex
currency trading demo first. There are some great
demos available on the Web to help you become
familiar with the Forex market and how it works. Most
Forex currency trading brokers will allow you to have a
free 30 day trial of their software making "paper"
transactions to see what you can do. Beware of those
companies or websites that promise "untold riches"
with the Forex market. As with any investment, there is
always risk no matter what their claims. Forex currency
trading is a fabulous

10. business opportunity, but without the usual headaches
of running a company. Understand your risks, start small
with your investments, and watch your portfolio grow
with Forex currency trading!

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