Posts Tagged ‘forex’

Forex

Friday, October 26th, 2007

I took my first introductory Forex class last night. Forex is short for foreign exchange. Did you ever go someplace (like Mexico during Spring Break 1995) where the US dollar is stronger than that country’s currency. Everything seems really cheap, so you spend like a king while on vacation?

Well, many people make a living off of trading currencies. Currencies trade in pairs, such as Euro/US Dollar or Yen/US Dollar and it only costs about $200 to get started, and there are NO Commissions charged by my broker, just the spread between the bid and the ask price.


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