Saturday, October 10, 2009

What is Forex Trading

Forex trading also known as currency trading refers to a series of transactions on foreign exchange markets used by investors for speculative or hedging purposes. A basic forex transaction consists in the simultaneous buying and selling of one currency against another. Currencies are thus traded in pairs (majors or crosses) for instance: the Euro against the US Dollar (EUR/USD) or the British Pound against the US Dollar (GBP/USD). For example, buying the pair EUR/USD at 1.3305 means that you need 1.3305 USD to buy one euro.Trading forex can also be described as speculating on the direction of one currency against another. You make profit when the market moves in your favor and you lose if the market moves against you. For example, you'll buy EUR/USD if you think that the Euro will strengthen against the US Dollar. Conversely, if you think the Euro will weaken compared to the US Dollar, then you will sell EUR/USD.Although it may seem easy at first glance, there is much more to forex than meets the eye. Predicting market moves is a complicated matter and that's why Finotec has its own online forex Education Center where you can learn Forex. With Finotec, you may also practice online trading by opening a Forex Demo Account. The simulation platform will allow you to trade with virtual money in real market conditions. Once you have acquired the skills to trade, use our wide range of tools and indicators to make wise and informed decisions for successful online forex trading
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2 comments:

  1. BloggerSeptember 9, 2016 at 4:34 AM

    Hello Everybody,

    Below is a list of the highest ranking FOREX brokers:
    1. Best Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of the best forex instruments:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Indicators Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    I hope you find these lists beneficial.

    ReplyDelete
  2. BloggerSeptember 10, 2016 at 4:37 PM

    Hello Everybody,

    "Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXACT ANSWER in this comment.

    Are you expecting that I am going to say something like EUR/USD on 15-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!

    The "PROBLEM" is that markets change over time. If EUR/USD was a well trending currency pair a few years ago, today it is another one.

    I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.

    START NOW: ForexTrendy

    The instrument inspects 34 Forex pairs on all time frames from minute to monthly. This way you choose the best trending pair and time frame at the current time.

    GET THE SOFTWARE: ForexTrendy

    ReplyDelete

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