(Newswire.net — June 14, 2013) New York, NY — Trading forex is a new strategy for many investors who have traditionally only traded stocks, but are now eager to jump into the fast paced FX trading world.
FX or forex trading is simply speculation on the price of one currency with respect to another currency. The top currency pairs currently traded are the EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, USD/CAD, EUR/JPY and the EUR/GBP.
One reason that forex brokerages are setting records is that they now offer online trading platforms where investors can trade forex as well as commodities, indices and stocks. These platforms also provide free live charts and quotes as well as access to financial news and market analysis.
Top Features of FX (Foreign Exchange) Trading
- Large trading volume representing the world’s largest asset class.
- Trading in over 140 countries around the world
- Ability to trade 24 hours a day except on weekends.
- The FX market offers one of the highest leverages that traders can obtain.
According to Google Trends, on June 14th 2013, the most regional interest for “FX Trading” around the world was in Australia, Canada, Hong Kong, India, Malaysia, New Zealand, Singapore, South Africa, Switzerland and the United Kingdom.
If you search in Google for FX trading there are over 26 million results and for the phrase currency trading, there are over 108 million results.
The creation of social investing networks, also called social trading platforms, has been instrumental in making FX trading accessible to people from many different socio-economic classes. Practically anyone can now trade, interact with others just like on Facebook, copy trades of other traders, and even get paid to have others follow their own trades.
A leader in social investing networks is eToro, which now has over 2.75 million users in over one hundred and forty countries. Last month they hit the 50 million trades landmark!
Yoni Assia, their CEO, says this confirms that their users crave a simple yet innovative way to access and invest in the financial markets. If you search on Google for “etoro” there are over 11 million results.
For more information about trading with eToro please click here: http://www.NewsWiresPressReleases.com/eToro
Author: Guy Edrington is an independent journalist and president of New World Trading Ltd.
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Disclaimer: Trading is very high risk and can result in the loss of all of your investment. Read the complete disclaimer: http://www.etoro.com/general-risk-disclosure/