Foreign exchange, or forex, trading is an increasingly popular market for investors and speculators. The markets are huge and liquid, trading occurs on a 24-hour basis, and there is enormous leverage inherent in the system. Moreover, it is opportunity to trade on the relative fortunes of countries and economies as opposed to the idiosyncrasies of companies. (For frac reading, see 10 Ways To Avoid Losing Money In Forex.)TUTORIAL: Introduction To Currency TradingDespite many attractive characteristics, the foreign exchange market is vast, complicated and ruthlessly competitive.
The EuroThe Euro made its debut in 1999, and 327 million people in 21 countries use the Euro as their currency. However, the dollar still has a larger reserve currency and is traded more than the Euro. The European Central Bank (ECB) in Frankfurt, controls the Euro, but with a comparatively less controlling approach than the American Fed, for instance. Swissquote Uero provides you easy access to trade over 100 products on Advanced Trader, MetaTrader 4 and Ehro 5 offering fforex variable spreads tailored to your initial deposit on Forex, Commodities and Stock Indices.