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What is Forex- FX Trading?

FOREX
or The Foreign exchange rate market is an international market where various currency exchange transactions take place; this is in the shape of simultaneously buying one currency and selling another. The most commonly traded currencies are referred to as “
Majors." These seven currencies are the US Currency (Dollar, USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD). The Forex system in operation today was established in the 1970s when free currency exchange rates were introduced, this period also saw the US Dollar overtake the British Pound as the benchmark currency. Prior to this and in particular during World War II, exchange rate remained more stable.

Forex trading in simplest terms is the buying of one currency and the selling of another. Forex trading, also referred to, as “FX” is open to corporations, small businesses, commercial banks, investment funds and private individuals, it is the largest financial market in the world averaging a daily turnover of over $1 trillion dollars, making it a diverse and exciting market. It is a 24-hour market enabling it to accommodate constant changing world currency exchange rates . According to New York time, trading begins at 2.15pm on Sunday in Sydney and Singapore and progresses through to Tokyo at 7pm, London at 2am and reaches New York at 8am. This leaves investors free to respond to global political, economic and social events when they take place, day or night.


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Disclaimer: Please note that this is a site promoting a trading system, and  training rooms for the trading software, Lightning Strikes, and is not a website or trading room for calling trades.  The hosts, presenters, and affiliates of Windfall Systems, LLC make no claims with regard to entering or closing any FX trades.  Windfall Systems, LLC and Lightning Strikes accepts no responsibility or liability whatsoever for any loss or damages arising out of or in a way connected with the use of any part of this training or the Lightning Strikes System.  Forex trading carries risk, as does all types of trading. Your are trading at your own risk. This site estimates the best judgment at the date and time of the issuing training statements and is subject to change without notice. The information on this site is for information and training purposes only.
Past performance is not indicative of future results.