Things You Should Know Before Opening A Forex AccountThere are available Forex accounts that lets you practice your trading skills for 1 month without risk. There are quotes, currency pairs, technical charts and analysis and 24 hour news regarding your account. The amount of the mini practice account is $5,000 while the standard practice account costs $50... [Read more]
Using Forex Automated Trading SystemsBefore we answer that question, let us first determine how large Forex trading market is. From there, we will know the importance of automated systems for the Forex ma... [Read more]
Why Forex?Because there is neither physical location nor a central exchange for FOREX it can operate 24 hours, moving across the time zones from one financial center to another, from Monday to Fr... [Read more]
How To Win At ForexLike any game it's important to know the rules in order to win. You don't have to be a professional to enter the sport, but you should have a basic understanding of the game and how it's played. Most of this can be learned for free from the online brokerage houses who also give you free trading software so you can actually practice playing the game and gain your confidence and skills before plunking down your real cash in the big lea... [Read more]
Forex For Absolute Dummies•Bid – to buy •Ask – to sell •Liquidity – financial ease of transaction, i.e. cash •Trading volume – the amount traded •Bid/ask spread – the difference between the proposed buying price and the actual selling price •OTC – over the counter •Exchange rate – the difference between currency values; for instance, a Canadian dollar is valued at .86 of a US dollar •Hedge funds – large mutual funds companies that control vast amounts of money and are able to manipulate the value of a currency through speculation •Central bank – the national bank of a nation, which usually exerts control over the value of that cur... [Read more]
