1- Forex is an online home based business that doesn’t need referring, recruiting and advertising. You only deal with the currencies through the Internet. So you will not have to reply any email, make any phone call and spend any money on advertising.
2- If you learn Forex trading properly, you can make a lot of money. Forex can be your full time job that makes thousands of dollars for you every month. I have to emphasize again that if you start working on Forex before you learn it properly, it can be risky and you will lose your money. It is like driving. If you drive a car, before you learn...
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The foreign exchange (Fx) market is unique because of ;
* its trading volume,
* the extreme liquidity of the market,
* the large number of, and variety of traders in the market,
* its geographical dispersion,
* its long trading hours- 24 hours a day (except n weekends),
* the variety of factors that affect exchange rates,
Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study Triennial Central Bank Survey 2004
$600 billion spot
$1,300 billion...
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Forex Trading is a very high degree of risk involved trading. In any market where a potential for profit exists, there exists also a risk of loss. Forex trading is a risky business. You should only trade with money that can afford to lose. In case of loss, the amount should not affect your lifestyle and your family's in anyway. None of the information on our website nor any information or education provided to the client by any means assures that the client will make...
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Moving Averages are one of the most popular and easy to use indicators available in Forex. They smooth a data series and make it easier to spot trends, something that is especially helpful in volatile markets. They also form the building blocks for many other technical indicators and overlays.
The two most popular types of moving averages are as below;
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
A Simple Moving Average (SMA) is formed by computing the average (mean) price of the security over a specified number of periods....
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Each forex transaction involves the buying of one currency and the selling of another. For example, you might buy euros (EUR) while selling US dollars (USD). This transaction is often referred to as buying the EUR/USD currency pair.
Currency pairs are needed to create exchange rates, which tell you the value of one currency relative to another. For example, if the EUR/USD currency pair had an exchange rate of 1.3500 it would take $1.35 to exchange for 1 euro. If the EUR/USD currency pair had an exchange rate of 0.9500 it would take $0.95 to exchange for 1 euro....
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You need to be patient and have realistic expectations about the Forex Market. The truth is that Forex is a difficult market, and unless you work hard on it, you won't achieve consistent results. You need to treat Forex trading as a business and you need to be patient. In order to become a professional trader you'll need some time. Don't set unrealistic goals. If you do so, you'll be frustrated when you realize that you weren't above to achieve them.
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There is no single unified foreign exchange market. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is no such thing as a single dollar rate-but rather a number of different rates (prices) , depending on what bank or market marker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs. Top 6 Most Traded Currencies
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A pip is a common term that is used in the forex market. It refers to the smallest movement (not considering fractional pips) that a currency exchange rate can make. For example, if the GBP/USD exchange rate changed from 2.0010 to 2.0012, you could say that it increased by 2 pips.
Most currency pair exchange rates are priced to the fourth decimal place, frequently making the fourth decimal place represent the pip value. However, for currency pairs like the USD/JPY, which are only priced to the second decimal place, the pip value is not the fourth decimal place but instead...
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Trading with brokers: Brokers only service banks and their roles are to bring together buyers and sellers in the market, to optimize the price they show to their customers and quickly, accurately, and faithfully executing the traders' orders. The majority of the foreign exchange brokers execute business via phone using a phone lines to the speaker boxes in the banks. This way, all banks can hear all the deals being executed. Because of the open box system used by brokers,...
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A lot is the smallest trade size available and is determined by the account type. FXCM offers standardized trade sizes and the lot determines the trade sizes available as well.
For example, with an FXCM Standard account, the lot size is 10,000 units of currency. Therefore, the smallest trade size is 10,000 units of currency. Additionally, Standard account holders can place trades of any size, so long as they are in increments of 10,000 units like, 20,000, 30,000, 100,000, 310,000, etc.
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If you use a 100% mechanical system you can literally put your computer doing all the work for you. An automated Forex system searches for trades, and places trades on your broker. So, if you feel comfortable with this kind of system, you just need to leave your computer turned on 24 hours a day, and he'll be trading for you. If you intend to use a 100% mechanical trading system to trade for you, you can develop one in a platform like MT4 (http://www.metaquotes.net/)....
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It's equally easy to trade in both rising and falling markets, so profits can be made whichever the market directions. They are leveraged instruments, also known as they trade on margin, meaning you can open trades in sizes multiple times larger than the funds you have in your account. Open all hours. The Forex market is open all day from Monday morning Sydney time to Friday night New York time. In this time period you can trade whenever you want. Lots of traders...
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Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly. Nevertheless, many economists (e.g. Milton Friedman) argue that speculators perform the important function of providing a market for hedgers and transferring risk from those people who don't wish to bear it, to those who do. Other economists (e.g. Joseph Stiglitz) however, may consider this argument to be based more on politics and a free market philosophy than on economics.
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The money market is a market in which the cash requirements of market participants who are long cash are met along with the requirements of those that are short cash. This is identical to any financial market; the distinguishing factor of the money market is that it provides for only short-term cash requirements. The market will always, without fail, be required because the needs of long cash and short cash market participants are never completely synchronized. The participants in the market are many and varied, and large numbers of them are both borrowers and lenders at the...
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Met a friend while on vacation. It seems he is making 15k average per month without even knowing how to trade. Talk about Forex with peace of mind. You guys wanna know how he did it? Let me tell you his story.
He wanted to learn from me how to trade but I am reluctant to teach him since this is not something I can teach. I can tell you how I did it but I can't guarantee you can do it the same way I did. Its not pure technical or skill. There are some form of mind control involve. I can't change your mind. You have to do it yourself. Free your mind.
He kept asking me how to...
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This article (Forex Market participants) is based to the BIS study Triennial Central Bank Survey 2004
53% of transactions were strictly interdealer (ie interbank);
33% involved a dealer (ie a bank) and a fund manager or some other non-bank financial institution;
and only 14% were between a dealer and a non-financial company.
BANKS
The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of...
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FXCM offers two order types, stop orders and limit orders, that allow you to control the risk on your trades, and we recommend that you use these orders whenever possible. A limit is placed on the winning side of your trade and a stop is placed on the losing side of your trade. If the market price reaches either the stop price or the limit price that you define, your live will attempt to be closed.
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Forex is an art. In that sense, we must take Forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them as I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation. This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it. Forex is not...
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek...
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Today, forex trading is primarily done online through software or web-based trading platforms. If you have access to a personal computer or a cell phone, you most likely have everything that is required to trade forex with FXCM.
One of the best ways to learn how to trade forex is by learning from FXCM's DailyFX course instructors. The course instructors have nearly 100 years of combined experience between them. You can learn more about this great opportunity at the Forex Mentor page. FXCM also offers free forex trading demo accounts, with $50,000 of virtual money, to help new traders learn...
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Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private, and sometimes subject to fraud, deception and insider trading. In contrast, virtually all of the news that bears on the forex market is in publicly...
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These are some Forex Trading Instruments
Spot: A spot transaction is a two-day delivery transaction (except in the case of trades between the US Dollar, Canadian Dollar, Turkish Lira, EURO and Russian Ruble, which settle the next business day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange” between two currencies, has the shortest time frame, involves cash rather than a contract; and interest is not included in the agreed-upon transaction.
Forward: One way to deal...
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How to earn in Forex: Forex, where the commodity that is traded is the currency, not stocks and a share, trading is a market that gives its investors, the performance in the forms of the relative value of a currency changes by one. Forex is therefore always traded in currency pairs with the major currency pairs are Euro/dollar (EUR/USD) and the U.S. Dollar/Japanese Yen (USD/JPY), TO NAME A FEW. And it is concurrent with the purchase and sales of currencies...
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In this chapter you’ll learn how to use the most effective indicators on Forex.
RSI(Relative Strength Index): The Relative Strength Index (RSI) is an extremely usefuland popular momentum oscillator. The RSI compares the magnitude of recent gains to the magnitude of recent losses and turns that information into a number that ranges from o to 100. There are multiple ways that you can use the RSI. Yu can use it to spot Overbought / oversold levels,...
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The first thing you should do if you are a beginner in Fores Trading is to open a forex demo account. This will give you the opportunity to learn and practice forex trading without the risk of losing money in the process. Additionally you can use a demo account to test different trading systems. If you are a novice in foreign exchange industry, and have no idea what is happening around them, better go and find information online. There is plenty of information...
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Forex market is open 24 hours a day, a trader can‘t track every single movement on the market. It’s crucial for a trader to know when he can expect high volatility, so that he can implement his strategy on the most effective way. If you ‘r trading using daily charts, the best period to analyze Forex is around 5pm EST because that’s the rollover period. If you’re trading on shorter time frames, you must know when you can expect more volatility.
The most important Sessions on Forex are:
The Asian Session (7am – 4am EST) –
During...
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In order to become a competent participant of FOREX market, i.e. a professional trader, it is necessary to pass through inevitable stages, acquiring the skills and knowledge which are essential for working on FOREX.
To be a novice trader - does not mean to incur losses. Owing to the fact that the accounts of InstaForex do not have limits to the volume of minimal lot, you can start working with any sum, having the opportunity to reduce risks. Getting more experienced, you expand the volume of trading operations, thus increasing risks as well as the opportunity of...
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Educate Yourself:If you are thinking to make money from Forex trading first you have to educate yourself. Start reading Forex Articles found in the website, ebooks, and check some top Forex courses on the market. Think about your education as an investment on yourself, not as an expense. Some people argue that you can learn everything about Forex for free. Well, it's possible, but I seriously doubt anyone can become a good trader without investing in his...
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The Foreign exchange market also known as Forex, currency market or FX market is, by far the largest financial market in the world. It includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The average daily trade in the global Forex and related markets is currently over US$ 3 trillion, more than 3 times he aggregate amount of the US Equity and Treasury markets combined....
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