1
/
of
1
store-traders-com
Stocks & Commodities V. 23:7 (52-56): Forex, Anyone? by Rudy Teseo
Stocks & Commodities V. 23:7 (52-56): Forex, Anyone? by Rudy Teseo
Regular price
$2.95 USD
Regular price
Sale price
$2.95 USD
Quantity
Couldn't load pickup availability
Stocks & Commodities V. 23:7 (52-56): Forex, Anyone? by Rudy Teseo
It may be easier than you think.
When I first read about foreign currency trading and foreign exchange (FX or forex for short), my first reaction was, Thats not for me. Perhaps thats been your attitude. However, when I decided to install a program and do some paper-trading before committing any hard-earned dollars, I was amazed at how easily I slipped into the routine. Thats because theres very little difference between what Im doing now and what Ive been doing for years.
NUTS AND BOLTS
FX is the largest financial market, trading $2.53 trillion per day. It is open 24 hours per day, except for a break from 4 pm ET Friday to 2 pm ET Sunday. With more than two dozen currency pairs to choose from, there is always action to suit your style. Executions are instantaneous, the pairs are very liquid, and the leverage in the two types of accounts is the highest found anywhere. For option traders, there are some unique contracts available in FX with large gains possible. FX also provides one of the best trending markets, and trends lead to profitable trades. A final difference: you can short a currency pair without an uptick.
Foreign exchange is an exchange where one countrys currency is exchanged for anothers through a floating exchange rate system. There is no central exchange, like the New York Stock Exchange (NYSE). What you have is a network of banks running the exchange electronically.
It may be easier than you think.
When I first read about foreign currency trading and foreign exchange (FX or forex for short), my first reaction was, Thats not for me. Perhaps thats been your attitude. However, when I decided to install a program and do some paper-trading before committing any hard-earned dollars, I was amazed at how easily I slipped into the routine. Thats because theres very little difference between what Im doing now and what Ive been doing for years.
NUTS AND BOLTS
FX is the largest financial market, trading $2.53 trillion per day. It is open 24 hours per day, except for a break from 4 pm ET Friday to 2 pm ET Sunday. With more than two dozen currency pairs to choose from, there is always action to suit your style. Executions are instantaneous, the pairs are very liquid, and the leverage in the two types of accounts is the highest found anywhere. For option traders, there are some unique contracts available in FX with large gains possible. FX also provides one of the best trending markets, and trends lead to profitable trades. A final difference: you can short a currency pair without an uptick.
Foreign exchange is an exchange where one countrys currency is exchanged for anothers through a floating exchange rate system. There is no central exchange, like the New York Stock Exchange (NYSE). What you have is a network of banks running the exchange electronically.
Share
