The Forex market is the largest market in the world, trading above 1.9 trillion dollars each day. Trading Forex is not done at one central location but is conducted between participants through Electronic Communication Network (ECN) and phone network in various markets around the world. The market is open 24 hours a day from 5pm est on Sunday to Friday at 4pm when it closes.
FOREX is a market where individuals can maximize their profits and losses, (that’s why you need training if you plan to have a self trading account) using leverage. Most FOREX market makers provide traders leverage by allowing the trader to purchase or sell a contract by
committing only 1% of their own funds. This effectively means that a FOREX trader may have the ability to buy a US $100,000 contract for a "margin" amount of US $1000. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
Yes, trading the Forex market is a risky investment and is NOT suitable for investors seeking monthly income. We limit the amount of money that is at risk on any given trade by using what we call a stop loss. We control how much we want to risk in the event the market goes against us.
Opening a Forex Managed account is quick and easy. The best way to open a SSCM managed account is online. Application can be completed in just minutes.
