What is Forex and how does it differ from a regular trading account like ETrade or Zecco? -

I have an account to trade stocks and I can buy or sell anything on any market. I have heard that quot;Forexquot; is risky, dangerous, etc. What exactly is Forex and how does it differ from a regular trading account like what I have at Zecco. To see what I m talking about see my stats at friends.zecco.com/r/178d5accf847102ba258 Thanks in advance Foreign Exchange (Forex) is a money market where one nation s currency is traded for another. It is the world largest and most liquid financial market. It is operated through a global network of central banks, banks, governments, financial institutions, corporations and individual speculators. It is a 24 hour market that operates during weekdays. Saturday and Sunday are not trading day. The activity in a Forex market basically involves currency exchange between central banks, banks, governments, financial institutions, corporations and individual speculators between nations. Daily Forex trading volume exceeds trillions, which is way to0 big for stock market to compare with. Today, most of the Forex brokers not only offer traders to trade major currency pairs (EUR/USD, USD/JPY, GBP/USD) but also some cross currency, gold and oil. With help of computer technology, traders can basically trade anytime and anywhere as long as there is a connection to Internet available. Forex is definitely risky if you don t know what you re doing, heck, even if you do, you can lose a fortune, especially if you re greedy. I use an institutional-grade forex trading robot that got me 18.6% ROA in November. Regards forex is risky all right. this is mainly due to the volatility of the market. currency prices can change unpredictably and if you are not careful enough it may get a huge chunk of your capital. but to a learned forex trader the returns can be immensely high as compared to stocks. in fact, the unpredictability of the market is what makes forex attractive to some investors right now. the advantage of forex is that you have the possibility to make money whether a particular currency is going up or going down and the enormous size of the markets means there is always a buyer and a seller of these currencies. if you want to really learn forex i suggest you check out your options in this site. it will lead you to one of the leading forex sites today. as an initial step, you may sign up and download a Free Forex Ebook and a Free $50K Demo account as well. one of the best feature of this site as compared to others is quot;personalizedquot; service. they maintain four accounts- mini, gold, platinum and vip. by opening any of these accounts, a trader is provided a personal Account Service Manager (ASM) to be his mentor, consultant and trading partner as well. discussions can be done live via phone, email or chat. the ASM is an expert forex trader and is the best resource when it comes to effective methods used in trading forex. they have a web based platform so trading can be done anywhere at anytime without the use of any autosystem. and they alos have the quot;inside viewerquot; facility where you can see the popular currencies being bought and sold on their platform. of course, the higher account you choose to open will entitle you to better trading features and privileges. all the best.