Forex is derived from two words: Foreign and Exchange
You'll need to register a trading account with a Forex broker, such
as FXTM. Then you can begin using
their Forex client program to buy and sell currencies. This will take less than
5 minutes of your time!
It isn't owned by anyone in
particular. Forex is an interbank market, meaning that its transactions are
conducted only between two participants — seller and the buyer. So as long
as the current banking system will exist, Forex will be here. It isn't
connected to any specific country or government organization.
Forex market is open from 22:00 GMT Sunday (opening of
the Australian trading session) till 22:00 GMT Friday (closing of the US
Margin is money you need to have in your broker
account to secure your open position. Different brokers require
different amount of margin money to keep your positions open.
A long position is a buy position,
meaning that this position will be in profit if the currency rate goes up.
A short position is a sell position, meaning
that this position will be in profit if the currency rate goes down.
There is none. You should constantly develop your own
strategies for every possible market situation if you want to be in profit.
Specific strategies can only be good for a limited period and for specific currency
With some forex brokers, you can start trading Forex with as little as $1. Usually, the
minimum amount varies from $100 to $10,000 ($100,000 and more for interbank
I cannot (or don't want to) install any Forex trading If you don't want (or it isn't possible) to install new software to start trading Forex, then a good option for you would be using a web-based trading platform.
Forex market often ignores fundamental reports. There
are thousands factors affecting the currency rates. Their sum can move a
currency pair without any regard to some macroeconomic data report.