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What is Forex Trading ?
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks
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What is traded in Forex Trading ?
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.
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What time do you trade Forex?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
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Here are just a few titles that are included in the FOREX TRADING GUIDE:
1. 7 Habits Of A Highly Successful
Trader (31 pages)
2. Introduction To Foreign Exchange
(History of FOREX and market mechanics)
3. Foreign Exchange Online Manual
For Successful Trading (141 Pages)
4. The 1-2-3 Trading Signal (24
page chart set up pattern)
5. Trading In Mind - 10 Ways To
Stay Focused For Real-Time Traders (17 pages)
6. The Pocketbook Of Economic
Indicators (39 pages)
7. A Practical Guide To Swing
Trading (74 pages)
8. 80 Trading Strategies (24
pages)
9. The Secrets To: Emotion Free Trading (101
pages)
10. Discovering How To Use The Elliot Wave (11
pages)
11. Practical Fibonacci Methods For Forex Trading (31
pages)
12. Technical Market Indicators (49
pages)
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