British Pound vs United States Dollar
What is Forex
Forex which stands for Foreign Exchange is basically the exchange of one currency for another currency. Open 24 hours a day from Sunday through Friday, Forex is the world's biggest financial market raking in 5.5 trillion dollars per day. Check out the video below for more info.
Trading VS Investing
Don't FEAR the Charts!
Forex VS Stocks
Forex Heat Map gives a quick overview of action in the currency markets. It lets you spot strong and weak currencies in real-time & how strong they are in relation to one another. This trading tool can help choose trading strategies, find opportunities and trade with confidence.
Investing and trading are two different methods for taking profit in the financial markets. Investing is buying or holding actual portions of a company’s equity. Anything that requires capital for shares of stocks, mutual funds, bonds or other commodities falls under investing. When watching your investments, you want the price chart of your stock to rise. Buy, hold and when profit increases cash out the investment by selling your share back to the market.
Trading, on the other hand, is more of betting on speculation. The same chart that you were looking at while investing will be used for trading. Trading is a quicker, but more volatile way to extract profit from the markets. Unlike stocks, you have the opportunity for profit whether the price falls or increases. A trader bets on which direction the market will move. Up or down, if your position is correct you will have returns more than 10x what the stock market could provide.
Euro vs United States Dollar
United States Dollar vs Japanese Yen
Forex Heat Map
In stocks, you buy a piece of a company with the expectation that the price on the chart will rise. In forex, you actually don't buy and own any shares. you only bet or speculate on the direction the charts price will go. Trading is the quick exchange of goods, currencies, and other commodities. Unlike stocks, a forex trader can earn profits whether the price goes up or down.