What is Forex ?
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...
Currency Trading Rules
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 ...
Choosing a Forex Broker
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...
Forex Brokerage Firms
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment