The Pros And Cons Of FOREX Trading

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New in the FOREX trade? Do not worry, it's easy to start Forex trading and you always try your skills first in a demo account before you go "live" with real money. To start with FOREX trading, we need to know what FOREX is. For those who are inexperienced, FOREX trading involves the buying and selling of different currencies in the world. A FOREX agreement is made when one person buys money and sells another at the same time. Always trade in pairs, Euro / USD, CHF / USD, USD / JPY ... you get "short" in one currency each time you buy another and the income is made when you buy low cost sell high.

The FOREX market is the largest trading market in the world. It produces an average transfer of $ 1.9 trillion a day and the figure is almost 30 times larger than the total volume of stock trades in the United States. Forex trading is unique because exchanges are made between two colleagues via an electronic network or telephone connections. There is no centralized location such as stocks or futures and transactions are done 24 hours a day. Daily FOREX operations begin when
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The FOREX chart helps investors by providing a visual representation of exchange rate changes. Many variables affecting exchange rates, such as interest rates, banking policies, geopolitics and even the time of day, can affect exchange rates. As FOREX trader Peter Bain has said, the mapping is a valuable FOREX trading tool. In his newsletter, he announced that the daily chart, hourly chart, and 15-minute chart were used while working with FOREX. As quoted in his informative newsletter - "The daily charts will help you set the overall trend from the point of view of the trading position, and the hourly chart (one hour) will give you The chart is used for entry and exit - with the help of the five-minute chart, where the price is changing rapidly, and you have to get closer to the action.

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