What is forex? Yes, the answer is long, but here’s a chance to get quick explanations and many interesting figures in one graphic image. CMS Forex has made a nice infographic explaining it. While it doesn’t and can’t provide the full picture, it looks great.
CMS Forex, that was acquired by Gain a few months ago, is still active. This consists of an expansion of its thriving VT Trader platform, which has become more and more popular.
New York, 13th of June, 2011 – With an average daily turnover of nearly $4 trillion in the global foreign exchange market, or Forex, it is easy to see why more and more people are taking interest in trading foreign currencies. Still, the prospect of trading currencies in this “foreign” market can be overwhelming, even for experienced stock market traders.
The newest infographic developed by CMS Forex, a Forex industry leader, explains the basics of Forex and presents an excellent starting point for anyone who is curious about how to trade Forex. It’s also great for experienced Forex traders who want to explain what they do to colleagues, friends and family.
The infographic contains a visually appealing overview of the fundamentals of the FX market, including the most traded currencies, key differences between the stock market and the foreign exchange market, the mechanics of the market, a profit and loss formula, and most importantly, information on how to start trading Forex. The infographic can easily be embedded on blogs and websites. Editors and web masters would just need to go to www.cmsfx.com/infographic to grab the embedded code.
For potential market participants looking for additional resources, CMS also features an extensive and free forex education section on their website. The educational offering includes everything from a basic overview of the market, to an in-depth, semester long video learning course and is available.