Find out why the foreign exchange market-or forex for short-is one of the fastest growing markets in the world.
Welcome to FXCM and forex trading.
It's time to answer the big question. Why trade forex? The foreign exchange market, or forex for short, is the buying and selling of currencies and it's one of the fastest growing markets in the world. From 2007 to 2010, forex market activity increased by 20% with average daily turnover reaching $4 trillion in April of 2010.
Forex trading works much like it does with stocks. You buy low and you sell high. But the nice thing about forex is that you don't have to choose from thousands of companies or sectors. You can make it simpler. For example, most people even those that are a new to forex, have opinions on the U.S. dollar and the U.S. economy. They can easily take their opinions and translate them into forex trade, buying or selling U.S. dollars as simply as they can buy or sell of company's stock. Unlike some markets, forex trading doesn't begin at 9 a.m. and end at 4 p.m. Trading takes place 24 hours a day, five days a week. For most people, that means after work or before work, they can trade forex online. Plus, you can buy and sell at any time in bull markets and in bear markets.
It's easy to get started. You can sign up for a free demo with FXCM and get $50,000 of virtual money to practice trading online with one of FXCM's easy-to-use trading platforms, including mobile and tablet offerings. At FXCM, we provide all the educational resources and trading tools you need to go from practice trading to real trading. Online educational seminars and a suite of video lessons are only a few examples. If you need to discover the currency pairs, times of day, and trading strategies that are best for you, call one of FXCM experienced forex specialists. They can help you find the answers you need to get started. The time to trade forex is now. Join the millions of traders around the world.