Forex For Dummies 101: The Basics You Should Know
The Forex Market also known as the Foreign Exchange Market, has been around for thirty years and is simply the trading and selling of currencies between two countries.
What is the difference between the Foreign Market and the Stock Market you ask? If you are trading within the stock market, you are trading within your own country.
Our stock market in the United States has set hours of trading and is limited to trading within your own country and currency. The FX market is global which means you can trade with several countries and currencies.
The forex market is the preferred trading amongst investors because the trade can be easily liquidated or turned back into cash. Perhaps this is why almost two trillion dollars is traded daily on the forex market.
Traders in the FX market look for patterns and trends, or market signals to determine whether the system will make profits, or lose profits.
These market signals or patterns and trends, discipline the trader to ride the long term distance versus short term, which will determine profit or loss.
Market signals come from charts that have a mathematical formula tied to the prices and times within the trades.
Traders use these one-minute and sixty-minute charts as a crucial trading signal.
Therefore traders observe and use these one-minute or sixty-minute charts carefully, which are updated constantly, and are a major trading signal for them.
If you would like to try your hand in the foreign exchange market, you will want to observe all the market signals and patterns and trends so that you can make the best trading decision and the most profit in this lucrative system. - 23212
What is the difference between the Foreign Market and the Stock Market you ask? If you are trading within the stock market, you are trading within your own country.
Our stock market in the United States has set hours of trading and is limited to trading within your own country and currency. The FX market is global which means you can trade with several countries and currencies.
The forex market is the preferred trading amongst investors because the trade can be easily liquidated or turned back into cash. Perhaps this is why almost two trillion dollars is traded daily on the forex market.
Traders in the FX market look for patterns and trends, or market signals to determine whether the system will make profits, or lose profits.
These market signals or patterns and trends, discipline the trader to ride the long term distance versus short term, which will determine profit or loss.
Market signals come from charts that have a mathematical formula tied to the prices and times within the trades.
Traders use these one-minute and sixty-minute charts as a crucial trading signal.
Therefore traders observe and use these one-minute or sixty-minute charts carefully, which are updated constantly, and are a major trading signal for them.
If you would like to try your hand in the foreign exchange market, you will want to observe all the market signals and patterns and trends so that you can make the best trading decision and the most profit in this lucrative system. - 23212
posted by X - Men @ 2:11 AM
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