Ready
to learn Forex? The pros at Online Trading Academy are here to help!
The foreign exchange market (also known as forex or FX) is one of the
most exciting, fast-paced markets in the financial world. Though
historically, forex has been the domain of large institutions, central
banks, and high wealth individuals, the growth of the Internet has
allowed the average individual to become involved with and profit from
trading currency online. Online Trading Academy offers Forex Trading online
and classroom workshops, as well as weeklong courses to traders of all
levels. Learn Forex trading using the latest tools and software, and
make predictions based on careful training from the pros.
Learning Forex: About the Forex Trading Market
The
foreign exchange market is the virtual location where global currencies
are traded. Though the total volume ebbs and flows, the Bank for
International Settlements reported that the forex market trades in
excess of $4.9 trillion U.S. per day. This makes it the largest
electronic market, essentially dwarfing the stock market.
What is Currency Trading?
Trading
currencies is the act of making predictions based on minuscule
variations in the global economy and buying and selling accordingly. The
exchange rate between two currencies is the rate at which one currency
will be exchanged for another. Forex traders use available data to
analyze currencies and countries like you would companies, thereby using
economic forecasts to gain an idea of the currency's true value.
The Benefits of Forex Trading
Unlike
stocks, forex trades have low, if any, commissions and fees. Even so,
new forex traders are always advised to take a conservative approach and
use orders, like stop-loss, to minimize losses. High leverage, which
should be prudently applied, gives traders the opportunity to achieve
dramatic results with far less capital than necessary for other markets.
Forex trading requires training and strategy, but can be a profitable
field for individuals looking for a lower risk endeavor. Learning
currency trading gives traders a range of exciting new opportunities to
invest in.
Learn Forex Trading with Online Trading Academy
Learn
currency trading from the experts! At Online Trading Academy, we break
down the online forex trading experience into multiple courses based on
your level of expertise. We can help establish the fundamentals of
online currency trading for the new trader, or refresh advanced
principles with a more experienced investor. Trade forex online on your
own schedule with markets open 24 hours a day, five days a week. Our
expert educators can help you implement your own forex trading strategy
based on live streaming data and analysis.
