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Foreign currency trading is not measured in length. However, the breadth and depth of foreign currency trading encompasses most of the world's currencies and if properly traded and understood can be used to make a large profit.
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Where online is it possible to partake in currency trading?
There are a few places online that a person may trade in currency. Ameritrade, for example, may allow currency trading online. Other sites which have currency trading are Forex, Oanda, and Go Currency.
Where can one obtain information on currency trading?
You can obtain information on currency trading on some websites like Wikipedia, or even currency trading websites like XE, or go to investopedia, where they have loads of specific info.
Compare prices of us currency with foreign currency?
go to xe.com, its a currency conversion site.
What constitutes foreign exchange?
In a foreign exchange transaction , one party purchases some quantity of one currency by paying some quantity of another currency. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments are traded. As to how it's actually done, one first needs to find a foreign exchange platform (or forex platform) in order to start trading. Such platforms usually found by searching the internet for terms like "forex", "foreign exchange", "trading forex, "trading online", etc. An example for such a platform is eToro. When the desired platform is decided upon,an account can be opened and trading can begin. There are two options in forex trading: one is to buy and sell currency pairs, where you go long one currency and short another. This is the more common way. The second way is to purchase derivative, such as options and futures, that track the movements of a specific currency pair. To learn more about forex trading, some useful guides and websites can be found in "related links".
What qualifications are needed to take part in international currency trading?
To be an international currency trader on the foreign exchange market (or often simply called forex) requires no qualifications as long as you are supervised by someone who has the qualifications. To go unsupervised you will often need a Chartered Level 4 Diplomas in financial fields. As always in trading, it would help to have a background in economics.
Where do you get the cheapest foreign currency rates?
To get the best foreign currency rates you should go to a bank as there is minimal charges involved. Also, you can choose from a wide array of foreign currencies and also get the approval within hours.
Where can one buy foreign currency online?
Many major banks and financial companies such as Wells Fargo, Citibank, and American Express allow customers to purchase foreign currency online. One can also go to websites like Travelex, Foreign Money, and eZforex that specialize in the sale of foreign currency.
Where can one go for trading currency online?
There are many online brokers that offer online currency trading. Once you choose a broker, you will need to fill out an application. Some brokers may require an initial deposit.
Where can one learn currency trading?
If you want to learn currency trading try out Youtube for tutorials and videos for basic information. If you want to go a little more in depth check out Oanda's or Fxcm's websites for software that can help.
What is the best foreign exchange currency calculator to use?
There are many foreign exchange currency calculators to be found on various websites and a search of these will find one to your personal preference. They are available at Go Currency, XE, and the RBC Royal Bank websites.
What kind of rates are charged by a Foreign Currency Exchange?
There are charges charged by a foreign currency exchange. These can be different based on what company you go through and should be examined before any purchasing is done.
Where can one learn more on the currency Forex market trading?
If you want to learn how to trade currency on the Forex there are a number of websites with the desired information including Investopedia, Wikipedia, Go Currency and XE.
