Forex trading is a hidden market, of huge proportions which until recently had remained a relatively secret part of trading. However, increasingly novice traders are opting to enter the currency markets rather than the traditional stock markets, as the potential to make money in times of recession is far greater. Continue reading »
To trade successfully, you need a strategy. Having a strategy does not guarantee success, but not having ine will almost certainly guarantee failure.
There are as many strategies as there are traders, and to be successful you will need to develop your own strategy; ie one that suits, and works for, you. Continue reading »
Numerous currencies are used throughout the world, all of which are traded to some degree. However the most widely traded currencies, known as the majors, are the US dollar (USD), Euro (EUR), Japanese Yen (JPY), Great British pound (GBP), Swiss Franc (CHF), Canadian dollar (CAD) and Australian dollar (AUD). Note the 3-character codes shown in brackets and used widely in FOREX trading. Continue reading »
Foreign Exchange (FOREX or FX) refers to the trading of one currency against another.
Founded in the 1970′s with the introduction of free exchange rates, the international FOREX market is HUGE. It is the world’s largest financial market in which an estimated 1.5 Trillion US dollars a day are traded – over 10 times bigger than the combined value of daily trading on all the world’s stock markets. Continue reading »