How does foreign currency trading work,metal trading card case,binary options chart reading - PDF Books

18.02.2014 admin
First of all, it s important that you understand that trading the Foreign Exchange market involves a high degree of risk, including the risk of losing money. Current exchange rates of major world currencies Find updated foreign currency values, a currency converter and info for foreign currency trading. Trade a broad range of markets including over 50 currency pairs plus gold and silver with flexible trade sizes for greater control over your trading. You may have heard that there is a cloak of mystery surrounding the Foreign Currency Market.
The Foreign Exchange  (FOREX) Market is also called the FX Market or the Foreign Currency Market. The chart below summarizes the interrelationship between the two currencies, in the currency pair, and how the exchange rate changes as the market moves.
When the market (Base Currency) is going UP-BUY and when the Base CUrrency is going DOWN- SELL.

If you think the market is going up you BUY the currency pair and if you feel the market is going down you SELL that pair. While gambling involves guessing and hoping, currency traders apply a combination of fundamental analysis and technical analysis to make educated trading decisions.
In Summary, trading the FOREX market is an opportunity to be involved with the world’s largest financial market. He enjoys FOREX currency trading and is particularly intrigued with Elliott Waves and their Fractal Nature. This article was designed to demystify the market and bring it into clear view so the average person can gain an understanding of how it works get a handle on it. These price fluctuations represent the relative value of the BASE Currency against the QUOTED Currency. Traders have found that during the early hours after the opening of a trading session the most price action happens.

When the chart prices move up the value of the BASE Currency increases while the relative value of the QUOTED Currency decreases. This relationship of currency values is called the Exchange Rate (how much of one currency does it take to buy the other currency.) Those who travel have learned about currency exchange rates between countries. While the potential exists to make a lot of money one can also lose a lot of money if they do not understand the nature of the market and how to trade it. The currency on the left is called the BASE Currency and the one on the right is called the QUOTED Currency. When you trade your money for the currency of another country the exchange rate determines your spending power while you are visiting that country.

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