What is Forex?
The Forex Market is a cash market where currencies of different nations are traded.
The Best Explanation I could find for Forex Trading was from Yahoo, below.
The investor’s goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a “Forex rate” or just “rate” for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a “risk-free” investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
Site Ideas
There are various topics you can build a Forex site about including…
Basic How To Forex Site
Forex Tool Web Site (There are a ton of Forex tools including a Pivot Points Calculator)
A Forex Forum
Forex is Rising In Popularity
For this reason it may be hard to create a new site and jump strait into the Topic of Forex, you may want to find a very specific Niche, and work with that.
What Exactly is Forex Paying
These are the Average Cost Per Click Values for Various Forex Related Keywords based on Googles Traffic Estimator
Forex $6.75
Forex Trading $8.69
Forex Market $6.36
Forex Tool $9.48
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