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 A Fundamentals that you read about are typically useless as the market has already discounted the price. I am looking [...]
HOW TO READ FOREX PRICE CHARTS? Forex Price Charts, what DO they mean and HOW to use them? Important numerous facts as discipline, trading rules, not being greedy etc., but one of the most important things is: LEARN to read the charts as Charts represent the lifeblood of the market. I admit that reading charts, [...]
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 1.2210/13 Explanation: a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) 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); [...]
10 REASONS TO BEGIN 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 [...]
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 [...]
The 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 [...]
When it comes to trading in any market, Forex currency trading has a huge benefit over other players in trading business. Firstly, the Forex market has the benefit of time freedom. You see in the 4x market one can trade around the clock from Monday through Friday. In the stock market that is simply not [...]
Forex Market of nowadays started evolving in the 1970’s and is as well identified as the foreign exchange market or FX. It’s an interesting and unpredictable market that provides a lot of compensation above the trading of traditional stocks. The foreign exchange market basically trades foreign currency. One party will buy a number of one [...]
A Guide To Trading Futures In the stock trading industry, many people have garnered a lot of money from futures markets. It is only in this arena where people who have limited capitals can actually make substantial profits even in a short period of time. But because like any other market, this involves a lot [...]
