Forex, or Foreign Exchange, is the simultaneous exchange of one country.s currency for that of another. GOLDBERG FOREX GROUP provides foreign exchange for the purpose of investor speculation. The investor wishes to purchase or sell one currency for another with the hope of making a profit when the value of the currencies changes in favor of the investor, whether from market news or events that take place in the world. This market of exchange has more daily volume, both buyers and sellers, than any other in the world. Taking place in the major financial institutions across the globe, the forex market is open 24-hours a day. Buying/Selling In this market you may buy or sell currencies. The objective is to earn a profit from your position. If you have bought a currency, for example, and the price appreciates in value, then you will earn a profit by closing your position. When you close your position, sell the currency back in order to lock in the profit, you are in actuality buying the counter currency in the pair. By trading currency pairs, one currency valued against another, a rate of worth has been established. After all, a country.s currency has value only relative to the currency of another country. Quoting Conventions Currencies are quoted in pairs. The first listed currency is known as the base currency, while the second is called the counter or quote currency. In the wholesale market, currencies are quoted using five significant numbers, with the last placeholder called a point or a pip. Like all financial products, FX quotes include a "bid" and "ask". As in any traded instrument, there is an immediate cost in establishing a position. For example, USD/JPY may bid at 131.40 and ask at 131.45, this five-pip spread defines the trader.s cost, which can be recovered with a favorable currency move in the market. Margin The margin deposit is not a down payment on a purchase of equity, as many perceive margins to be in the stock markets. Rather, the margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than the account value. GOLDBERG FOREX GROUP. s online trading platform has margin management capabilities, which allow for this high leverage. In the event that funds in the account fall below margin requirements, the GOLDBERG FOREX GROUP Dealing Desk will close all open positions. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market. Rollover For positions open at 5pm EST, there is a daily rollover interest rate that a trader either pays or earns, depending on your established margin and position in the market. If you do not want to earn or pay interest on your positions, simply make sure it is closed at 5pm EST, the established end of the market day. What Every Currency Trader Should Know Forex is an speculation market, due to its size, liquidity, and tendency for currencies to move in strong trends. The GOLDBERG FOREX GROUP Mini account was designed for those new to online currency trading. There is a smaller deposit required to open an GOLDBERG FOREX GROUP Mini account and trading sizes are 1/10th the size of a regular account. The GOLDBERG FOREX GROUP Mini is intended to introduce traders to the currency trading while diversifying risk.