What is Forex?

FOREX stands for

Foreign Exchange Market

This 5+ Trillion Dollar a Day Industry has kept the Uber Rich Wealthy!

Have you ever heard of Forex before finding this post? Probably not, and if you have it was probably from someone who mentioned it and curiosity has led you here. The reality is 9 out of 10 individuals have never heard of Forex and there is a reason why. The U.S. Securities and Exchange Commission (aka SEC) has regulations that do not allow people of certain income levels to participate in the same investments the rich invest in, because we do need leverage when dealing with large amounts of cash flow otherwise we can lose all we own and we need protection from bad investments. HOWEVER, those same regulations keep us, the public, out of the best investments. In other words only the accredited or sophisticated investors are allowed to participate.

In his book, “The Guide To Investing”, Robert Kiyosaki, italicised the requirements of participating in an investment for accredited and sophisticated investors only. It read,

“An accredited investor is generally accepted to be someone who:

  • has a net worth of $1 million or more, or

  • has had an annual income of $200,000 or more in each of the most recent years (or $300,000 jointly with a spouse) and who has a reasonable expectation of reaching the same income level in the current year. 

                                 Robert Kiyosaki said in his book, “The Guide To Investing”

“The path to becoming a sophisticated investor is about finding the path that’s right for you to acquire the three E’s: education, experience, and excess cash.” -Robert Kiyosaki

So how does the everyday person acquire excess cash when most of our generations are living paycheck to paycheck? Great question, you need to learn how to make your money work for you, not work for money. Forex is the level playing field that enables and empowers every day, hard-working individuals the opportunity to grow their experience and financial portfolio to be able to operate in the same space as the rich and wealthy.

Watch the video below to Understand Forex.

 

Interested in learning more about how you can start participating in the FX Market and increase your financial assets, CLICK HERE!

The foreign exchange market (ForexFX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends.

The foreign exchange market is unique because of the following characteristics:

  • its huge trading volume, representing the largest asset class in the world leading to high liquidity;
  • its geographical dispersion;
  • its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
  • the variety of factors that affect exchange rates;
  • the low margins of relative profit compared with other markets of fixed income; and
  • the use of leverage to enhance profit and loss margins and with respect to account size.

Click here to learn more on the history of Forex.

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