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| For
Beginners |
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| Market
Reports |
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| Trading Tools |
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| What
is Forex ? |
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Forex (FOReign
EXchange market) is
an inter-bank market that took shape in 1971 when global
trade shifted from fixed exchange rates to floating ones.
This is a set of transactions among forex market agents
involving exchange of specified sums of money in a currency
unit of any given nation for currency of another nation
at an agreed rate as of any specified date. During exchange,
the exchange rate of one currency to another currency
is determined simply: by supply and demand – exchange
to which both parties agree... |
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| Currency
Trading Rules |
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1.
PLAN YOUR TRADE AND TRADE YOUR PLAN. You must have a
trading plan to succeed. A trading plan should consist of a
position, why you enter, stop loss point, profit taking level,
plus a sound money management strategy. A good plan will remove
all the emotions from your trades.
2.
THE TREND IS YOUR FRIEND. Do not buck the trend. When
the market is bullish, go long. On the reverse, if the market
is bearish, you short. Never go against the trend ... |
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| Choosing
a Forex Broker |
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| Choosing
the best forex broker is important. The best broker provide
you the services you're looking for and you are not charged
for unnecessary services that you don't need. Here is the list
where you'll find guides on choosing the best forex brokerage
firm for yourself... |
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