Author: Frederic Ebner

Thanks to forex trading, dream trips can now become reality. Relaxing on white sandy beaches and marveling at breathtaking landscapes – traveling to distant destinations is an absolute lifelong dream for many. In order to really get to know the culture of a country and experience what everyday life is like in another place, this usually requires a length of stay that goes beyond that of a normal vacation trip. But how can such a dream trip be financed when your own income is just enough for the bare essentials? Forex trading offers an attractive opportunity to earn additional income, as financial expert Frédéric Ebner knows from his own experience. He himself discovered forex trading around ten years ago after a difficult financial start-up phase and has developed into a real trading professional. He now feels at home in several places around the world and also enjoys the advantages that forex trading brings for globetrotters. What is Forex-Trading? Forex is the short form for foreign exchange. FX trading refers to foreign exchange trading in which the parties involved (mainly major banks, but also companies and private traders) exchange currencies for other currencies. The forex market is the largest financial market in the world with a volume 20 times that of the stock market. How does forex trading work? Trading does not take place via the usual stock exchange (or a bank custody account), but via a non-public OTC market operated by a network of banks. Access to the foreign exchange market is via a certified broker. This broker provides a trading platform via which various currency contracts can be concluded. The main aim is to buy currencies and sell them at a later date at a favorable exchange rate. Currency pairs are always traded – one currency that is bought or sold and a second currency with which the transaction is settled. The trader forecasts how individual currencies will develop in value in relation to each other and positions his transactions accordingly. The world as a trading place Whether relaxing in a deck chair on a secluded beach or in a state-of-the-art office in the big city – as forex trading takes place online, it can be carried out from almost anywhere in the world. The only requirement is Internet access, an access device such as a PC, laptop or smartphone and a broker through which the transactions are processed. New traders can acquire the necessary basic knowledge in online courses.… weiterlesen