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Forex is not a good place to learn the ropes |
There are much better ways to learn about trading and playing the markets than the Forex.
The potential rewards in the Forex do, admittedly, have a reputation for being far superior to elsewhere. But this is not without some serious risks being taken by those participating.
Trading on the Forex never stops because of its global nature. As the sun begins to set in one place, activity is kicking off in the next time zone. The result is that trades on the Forex are done at breakneck speed in market conditions that are often highly volatile. The potential profits may be great, but so too are the risks involved.
Undoubtedly, the market in foreign exchange perpetuates itself because there are always buyers and sellers willing to trade on a cash-only basis in the commodity of currency. Stakes are high, and for the novice day trading the level of risk is proportionately far greater than, say, trading in stocks and shares.
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posted @ 10:12 PM |
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FOREX 101: Make Money with Currency Trading |
For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970's, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.
FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.
More..... Make Money With Forex TradingMore |
posted @ 2:45 PM |
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Forex Strategy On Successful Forex Trading |
Every set of Forex trading system available has its disadvantages. The market trend could not be forecasted. If the market could be forecasted, by depending on the RSI, PAR, MOM analysis techniques and some other theories, Forex traders could easily make a fortune. Many Forex traders could not obtain the anticipated outcome by using these analysis tools, and suffer huge losses. The main reason is relying on some imperfect tools to forecast the unpredictable market trend is just a waste of effort. Therefore the FX2u Forex strategy spirit is to abolish the entire subjective analysis tool.
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posted @ 11:32 PM |
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