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This is the first in a series of articles that are intending to introduce beginning traders to all the essential aspects of foreign exchange. Traders are trading one currency against another. Comparing this to other financial markets such as equities at $50 billion daily trading volume, and the futures market at $30 billion in daily volume you can begin to realize the flexibility and infinite trading liquidity the FOREX has to offer. Article: This is the first in a series of articles that are intending to introduce in its infancy traders to all the essential aspects of foreign exchange. I will start by identifying and defining the essential aspects of foreign exchange trading, and key components that you will be exposed to as a forex trader. Forex is an compound for Foreign Exchange. The foreign exchange is a currency market where currencies are traded. Traders are trading one currency in conflict with another. There are very large players in this game such as, large banks, corporations, and countries. There is also the speculative trader. Most individual traders would fit into the speculative category. Speculative trading focuses on the value of one currency with regard to another. As a speculative trader you focus on or bet on which currencies will go up in value and which ones will go down. Fundamental economic news and political situations play an important roll in the fluctuation in value of a currency for any given country. Forex is the largest financial market in the world. Daily trading volume exceeds $1.5 trillion. simile this to other financial markets such as equities at $50 zillion daily trading volume, and the futures market at $30 a thousand in daily volume you can lead off to realize the flexibility and infinite trading liquidity the FOREX has to offer. The FOREX is a 24 hour market. This means flexibility for you as a trader. This market never closes. You can without exception find good trading opportunities at your convenience. This is a 24 hour electronic online currency exchange. Currencies are traded in pairs. Meaning when you buy one currency you are selling the cross currency. The position that you take long or short is indicative to how you think that pair will perform. For example, if you were to buy long USD/GBP, you are speculation that the USD (US Dollar) will increase in value with respect to the GBP (Great Britain Pound). You are undoubtedly shopping the USD and simultaneously selling the GBP. If you were to go short on this pair you would be playing that the USD is going to decrease in value opposite to the GBP. It can get confusing but fortunately the services that provide the trading platforms from which you will be placing trades will keep track of this for you. Everything is electronic and online, trading is done in real time. You can watch immediate results of all your trades. These are highly sophisticated programs tracking every movement in the currency market in real time. Part 2 will focus more on currency pairs, trading platforms and procedure software.
FOREX is a highly speculative market. Money can be won and lost as with any speculative venture. It is essential that you as a trader have a solid understanding of the FOREX and how to trade currencies. Dear readers, I find that we can occasionally learn about network marketing and social media marketing from traditional media. This week I’m going to share some great network marketing lessons I picked up while watching American Pickers on the History Channel. I’ve written in the past on social media marketing lessons we can get from [...] Post from: Network Marketing & MLM Training from Home Business Blogs - A blog about what it takes to succeed in network marketing & MLM. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 |
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