What is Forex?

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Learn to  Trade Forex

Hi, this is Henry, and this is a quick intro on Forex Trading. For those of you who have never traded Forex, you may have the impression that Forex is a very complicated business reserved for interbank or the financial elite…

Currency Exchange

But If you have done some traveling and have had to exchange your money to a different currency, then in essence you’ve done some Forex, or Foreign Exchange…

Forex Brokers

Now we’ve established that, today’s Forex trading isn’t really exclusive to the rich or financial elite any more, as a matter of fact, through the convenience of Forex brokers, Forex is as common and accessible as the stock market to many people.

Forex High Risk and Return Factor

I don’t want to bore you with the history of Forex, since you can find that on Wikipedia, but the appeal to Forex trading is the high risk/return factor, because you can literally double your investment or lose it all in one trade. This is because of the use of leverage, and we’ll talk more about that in the future.

Forex Trading Leverage

To sum it up, you may have done some Forex trading when you traveled to another country, anyone can trade Forex through Forex brokers, and what makes Forex so attractive is the potential for high returns through the use of leverage.

Forex Day Trading

If you like this course, please leave your comments below…

How to Trade Forex

If you like this tutorial, please watch the video and leave your comments below and don’t forget to check out our other videos on the Forex Basics series.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Comments

  1. Good! 🙂

  2. William says:

    Hi Henry,

    I am new to forex and I must say I learn a lot from your site and your strategies. I enjoy it.

    Can the training videos be downloaded from somewhere as the streaming is slow in my side.

    Please advise.

    Thanx

    William

  3. Brandon says:

    Nice video, good visuals too!

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