Forex Trading is a kind of short term investing in currency or foreign exchange. Hence the name “forex” and trading as oppose to investing, where the goal of buying a currency is to sell it at a higher price in the future to make a profit. The goal of successful forex trading is to make a profit by buying and selling currencies of other countries e.g. US dollar, Japanese YEN, British POUND ... Forex trading takes place worldwide but has been strongly discouraged by Philippine authorities. Read on for more about forex trading in the Philippines. According to a research conducted by Daily FX, a portal for forex trading news and analyses, the best time to trade European currency pairs is during their “off” hours or 7:00 PM to 11:00 AM, UK time). For forex trading in the Philippines, the “off” hours are the country’s typical working hours, which is 2:00 AM to 6:00 PM. Trading forex (currencies) in the Philippines is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Exchange Commission (SEC) to accept residents of the Philippines as customers. The Securities and Exchange Commission is the financial regulatory body in the Philippines. Forex trading will take up a lot of your time. If you’re too busy to study charts and read economic news, then your solution is to do a passive investing strategy. This means you can do Social CopyTrading, a service available with our forex broker and partner, eToro. Through this, you can just copy one or more of eToro’s expert traders and investors, which you can have set up to do so ... Forex Trading Philippines: A Guide for Beginners Moneymax. More. Welcome to the biggest financial market in the world, the foreign exchange market or forex. This market trades over USD 5 trillion a day, making it much larger than the New York Stock Exchange (NYSE), which trades at USD 50 billion daily. While forex trading in the Philippines has not yet stepped into the limelight unlike the ... Forex Philippines - Forex Education & Broker Comparison Website. "We started ForexPhilippines.net with a mission to offer traders transparent review on the brokers." Also, we have written guides on Forex trading that you an read to get started if you are a beginner.
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