Hello, my name is John Carry, I´m 34 years old, I live in Houston, Texas, and I´ve been married to Jennifer Line for three years. I got my accountant degree in 1995, and i´ve been teaching at the University of Houston since then. Also, i´ve got my accountant buffet.
I´ve attended a Finance Seminar in Chicago nine months ago, where the main topic were the foreign currencies evolution since euro´s birth.
I remember that one of the speakers, Richard Parrish, mentioned Forex market, and he made emphasis about it´s importance in the big companies and domestic economies during the last years.
I felt curious about Forex market due to this comment, and i started researching about the market that changed so many people´s life.
At first i told my wife about the projet, but she was reluctant because she didn´t trust this business based on financial speculation. Her refusal made me back up a little, however, i contacted a Broker who advised me about the posibilities of investment.
Mi first market investment was of $250 dollars. The experience was a sucess because i´ve tripled my money after choosing which pair of currencies.
After a year of investing for the first time, I can assure that it changed my life, the first thing i did was to move out my studio to my home and the second thing was to change my car.
Nowadays, beside my teacher and accountant activities, I advise big and small investors about Forex market. The large amount of questions i´ve received lately made me create this site to provide a new service for those people who can´t attend personally to make a query, due to distance reasons.
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Throughout these weeks I have received on my site several inquiries that had a common question reagarding Forex: ¿How can I invest at forex?
You need to know the basic rules of the capital markets in order to invest at forex in a proper way. Currencies are traded in pairs, basically, you purchase and sell currencies at the same time, meaning that when you buy a currency, you´re selling another one at the same time.
To understand forex investing procedeure you must take into account that the most traded currencies are called major currencies, which are: USD (American Dollar), EUR (Euro), JPY (Japanese Yen), GBP (Sterling Pound), CHF (Swiss Franc), NZD (New Zelland Dollar), and AUD (Australian Dollar). The rest of the currencies are called minor currencies.
For the people who are starting to trade, I recommend you to buy and sell the following currencies: USD, EUR, JYP, GBP and CHF, since they are the ones that have more liquidity. The minor currencies have more risks and are traded by experts.
If you are starting to use forex, and you don´t know how to invest, i want you to remember that these are the first steps to be successful: Be informed and practice.
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Investing at the Foreign Exchange Market or forex market is the older and biggest financial flow in the world. Since it´s establishnment in 1971, with the introduction of floating exchange rates, the expansion of the forex markethas been massive. The daily trading volume at the Forex Market has grown from 5 billion American dollars in 1977 to 1.5 trillions nowadays.
Understanding the difference between traditional stock market and forex is one of the most important matter. People´s investments are pointed to the bond and stock markets, however investing at forex has become a very popular option due to the high returns experienced by the public.
One of the principal differences between forex and the stock market is that forex is a decentralized market, meaning that there are multiple markets that allow the public to operate for 24 hours, while at the stock market time is a factor that matters, because of the time restriction.
Another advantage of the investment at forex market is that there are no intermediaries between the investor and the market, giving the investor the possibility to buy or sell whenever they want, eliminating the intermediary and increasing the obtained return.
Investing at the Forex market is a much more limited operation, since speculations are based on controlling four important parts, while at the stock market, the quantity of stocks handled are many, turning the activity stressful and full time. These are some matters why you should invest at the forex market. Surely there are more,
but it´s your duty to understand and try them.
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The strategies that we can delineate to earn money at forex must be sustained on the basis of the information on which we count on. The currency markets are highly speculative and volatile, hence we must be prepared to face any contingency.
Knowing how to process information is a tool at forex, you must understand how to use it.
Media details the international currencies situation daily, so, investors must permenently be informed, in order to earn money at forex.
Lately, world newspapers have been describing that the American Dollar is lowering it´s price against other currencies, due to it´s collateral effects in the rest of the economies of the world.
For example, the depreciation of the american currency against euro has caused the raise of the life cost in the european coutries. The prices of the massive consumption have raised and this worries european authorities.
Media published this week that the interest rate will go down to release pressure and stop the euro escalade. However, this rumor was denied by the most important authority of the european Central Bank.
This site has been created to clear interested people´s doubts about the market, and provide them with the necessary information to earn money at forex. As I described before, information processing is the key factor, however many people isn´t capable of analyzing the information due to it´s lack of experience. This is one of the motives why i´ve created this space: give people certain information required for earning money at forex.
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