In the world's major economic Marketplace where exchanges achieve up to trillions of dollars each day, many people would really want to take part in this Marketplace. Aside from being the major financial Marketplace in the world, Forex is also the most liquid Marketplace in the world where trades are completed 24 hours a day. Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the �Fx market', �Currency market', �Foreign exchange currency market' or �Foreign currency market', and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
Are you getting the picture that making money with Forex is not as easy as you think? Let me share a little statistic with you that will really hit that point home: the average trader who makes it to that mastery level has paid at least $50,000 in tuition to the markets. That doesn't mean that he or she went and paid $50,000 for some fancy 3 day seminar or 10,000 page home study course. That means that you can expect to lose $50,000 on average before you can reasonably expect to be making money with Forex.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.
It is important to note that whist your position remains open, each night your account will be debited or credited the swap rate. The swap is expressed in pips and is the difference between the interest paid to borrow the currency that is being sold and the interest received from holding the currency that is bought.
An exciting advantages of Forex trading is the ability to generate profits whether a currency pair is up or down, in a 'rising' and 'falling' markets. Skilled Traders do make money in this field, however like any other career, success doesn't just happen overnight.