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Forex Trading Best Practices
FOREX, the term for the FOReign EXchange market, is an international exchange market where currencies from many different countries are bought and sold. Both long-term hedge investors and short-term investors that seek quick profits use FOREX. Trade...
"How I Quickly Doubled My Money"
I have never told this part of my story - I guess I was a little concerned that people would feel that this strategy was the "RIGHT" strategy - it isn't, but it can really be a good strategy if you have the right education. When I started trading...
"How To" Start Trading The Forex Market? ( Part 2)
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...
Investing vs. Trading: Who Cares Anyway?
The mutual fund industry requires customers that buy their funds and never sell them. So naturally, they disseminate a lot of editorial decrying any trading, market-timing or re-allocating that includes selling their mutual funds. This non-selling...
Where's the Money?
Where's the Money? By William Cate July 2004 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] To create a US$100 million Multinational Corporation will take US$100...
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Is there any money left in currency trading?
Currency trading may be one of the most liquid forms of trading,
but it is also a volatile market that requires strategy if you
wish to make money. The truth is that more people make small
profits in this market, while a few are highly successful. The
constant change makes this form of trading exciting and with a
high profit potential; however, making a fast buck in this
market may not be as easy as it used to be.
What is Currency Trading? In its basic form, currency trading,
also known as "forex trading," is simply that--trading money. It
involves trading one currency for another, such as U.S. dollars
for the Euro. The exchange rate is known as the foreign-exchange
rate, forex rate, or FX rate and is one of the largest markets
in the world, trading trillions of U.S. dollars each day.
Currency trading gained enormous popularity in the 1990s, and
continues today. One reason this type of trading is so popular
is that it can be done from a computer, twenty-four hours a day.
There are fewer currencies to trade with, which makes learning
the practice much easier (as opposed to learning about the many
stock options available). The most commonly traded currencies
are the U.S. dollar, the Japanese yen, and the British pound.
Currencies are traded in pairs. The trader buys the one that he
or she believes will appreciate in value over the other.
Currency fluctuates as there is demand for it. Interest rates
tend to be an indication of a currency's demand. The higher a
country's interest rate, the higher demand. However, countries
will sometimes try to create demand for a currency by changing
interest rates. The well-informed trader needs to conduct
research and make educated guesses on a currency's future.
Currency Trading is Big Business The currency trading business
is big. An estimated two trillion in U.S. dollars is exchanged
each day. The forex market is the largest in the world. Because
it can be done from home, many people are interested in getting
involved, and the payoff can be big. It is also possible to get
involved with little investment. Traders simply determine how
much they are able and willing to risk, and they can enter the
market.
As with other forms
of trading, watching the market and making
calculated decisions is more likely to result in a profit than
making decisions based on emotions, hunches, or preferences.
Many courses are available on currency trading. Learning more
about the process can help traders make better choices. Choosing
a quality course is also a matter that requires a bit of
research. However, currency markets fluctuate on both short and
long-term timelines, and learning how to best track these
changes and the events that affect the markets can help traders,
especially those new to the process. The allure of making quick
cash is still out there, however, as it is possible to close a
contract after a few minutes, hours, days, or weeks.
Is it Nearing its Peak? The currency trading frenzy, which
expanded rapidly during the 1990s, may be reaching a peak. Why?
While in some ways currency trading is easy, many people who
enter the market do not make money. The idea that you can make
quick cash is not as easy as it sounds. Additionally, while
traditional stocks are based on a company's physical assets and
product, currency trading is not absolute. Further, governments
control, or attempt to control currencies to reach political
objectives. Unforeseen events, such as natural disasters, can
also alter a currency's value, making it more difficult to make
an educated guess on a currency's future. Finally, the global
marketplace is changing currencies around the world (the Euro is
one such example).
This does not mean that a person cannot make money in the
currency market. However, as the global marketplace continues to
expand and global politics affect currencies, it is much more
difficult to determine a currency's value. Making money in the
Foreign Exchange market is possible, but it is not easy. Even
economists have a difficult time estimating the future of
currencies and purchasing power, so a trader must conduct
thorough research, determine trends, and try to make the best
guess possible.
About the author:
Mike Singh is a finance enthusiast who writes articles about
variety of fiscal topics. Checkout more Forex-related articles
at Forex made easy
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Currency Trading, Forex Trading, Forex, Online Currency Trading |
Offers 24 hour online currency trading for institutions and professional traders. |
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OANDA FXGame - Currency Trading Demo Platform |
You can start playing the currency trading market with real market conditions ... The platform was created with the goal of making currency trading ... |
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Forex | Forex Trading | Forex Minis | Online Currency Trading |
FOREX.com - THE site for forex trading. 24hr commission-free currency trading w/ real time execution and guaranteed fills. Forex mini accounts from $250, ... |
www.forex.com |
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Currency Trading News, Forex Trading News, FX News, Forex News |
Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
www.dailyfx.com |
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Currencies - Currency Converter & Latest Rates at CNNMoney.com |
Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
money.cnn.com |
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FOREX Advisory |
The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
www.cftc.gov |
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Forex Trading: Online Currency Trading from Global Forex Trading |
Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
www.gftforex.com |
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Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
www.amazon.com |
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Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
www.ac-markets.com |
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OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. |
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Forex-Day-Trading.com - Currency Trading with FREE Training |
Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days. |
www.forex-day-trading.com |
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Forex Online Currency Trading: Welcome to Global Forex |
Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
www.globalforex.com |
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Forex trading - Realtime Forex online currency trading |
Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
www.realtimeforex.com |
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Forex Blog |
Forex news blog with daily commentary. Has a good beginner's article. |
www.forexblog.org |
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Common Questions About Currency Trading |
Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
www.investopedia.com |
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OANDA FXTrade - Currency Trading Basics |
Currency Trading Basics. Exchange Rates and Spreads: ... In currency trading, these codes are often used to express which specific currencies make up a ... |
fxtrade.oanda.com |
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Currency trading, free forex charts, news and analysis |
Online currency trading with technical analysis, charts and forex news. |
www.gfforex.com |
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Finance - Currency-Trading Ezine Articles |
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
ezinearticles.com |
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MGFOREX |
MG Financial Group - Forex, FX, Online Forex Trading. |
www.mgforex.com |
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DirectoryM - Debt Settlement Solutions |
Simply provide your contact details and describe your needs to receive a free consultation from business or personal debt service providers. |
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