Exchange of a nations currency for that of another is Foreign Exchange (FOREX). The foreign exchange market is a largest non-stop financial market in the world where currencies of different nations are traded. This Forex market is bigger than three times the aggregate amount of the US Equity and Treasury markets combined. This is not the traditional market as there is no physical location or central trading location. It is operated on a global a ...
HOW DO Economic Events impact Global Currencies:When I asked several traders about their thoughts about using fundamental analysis as a part of their trading decisions, I have received two opposite responses.RESPONSE of Trader AFundamentals that you read about are typically useless as the market has already discounted the price. I am looking at (1) the long term trend, (2) the current chart pattern and (3) identifying a good entry point to buy a ...
10 REASONS TO START TRADING FOREX!More and more well informed investor and entrepreneurs are diversifying their traditional investments like stocks, bonds & commodities with foreign currency because of the following reasons:1) FOREX is the largest financial market in the world.With a daily trading volume of over $1.5 trillion, the spot FOREX market can absorb trading sizes that dwarf the capacity of any other market. In fact, when compared a ...
What are *PIPS* ?Currencies are traded on a price/ point (pip) system. Each currency pair has its own pip value.When you see a FOREX price quote, you'll see something listed like this:EUR/USD 1.2210/13Explanation:a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS.B) If you want to SELL the EUR/USD ( meaning you ) ...
How Currencies are quoted and what moves individual currencies?ONE of the best advantages in FOREX Trading is The amount of money you need to place a trade (known as "margin") is all that can be lost !You have to know, that despite the super-high leverage offered by some Forex brokers up to (400:1); meaning if you put up $ 1000 the broker will allow you to trade like you really have $400.000).Forex trading is still less riskier than or ...
Why is FOREX trading so popular?Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection).If you have or like to travel, take your laptop with you and you can trade the FOREX anywhere in the world where you have an Internet connection.When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license a ...
What Is FOREX or FOREX MARKET? PART IThe Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.That is larger than all US equity and Treasury markets combined!Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network a ...
"Easy money" is the allure that captivates many beginning FOREX traders. FOREX websites offer "risk-free" trading, "high returns", "low investment." These claims have a grain of truth in them, but the reality of FOREX is a bit more complex. Mistakes Of The Beginning TraderThere are 2 common mistakes that many beginner traders make: trading without a strategy and letting emotions rule their decisions. After ...
If you were wondering; forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders however; recent technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade. The currencies of the world ...
Yes, its true, you can trade the forex markets for free and using the same state-of-the-art software packages that professional Forex traders, around the world, are currently using to make real-time, live currency trades.And you can also experience the same dynamic market action and go through the same process of making decisions based on breaking news, reacting to charting patterns, and tracking ones performance the same way professional Forex ...