{"product_id":"stcov305gest","title":"Stocks \u0026 Commodities V. 30:13 (54-59): Getting Started In Currency Trading by Rudy Teseo","description":"Getting Started In Currency Trading by Rudy Teseo\u003cbr\u003e\u003cbr\u003eIts Easier Than You Think\u003cbr\u003e\u003cbr\u003eDo you think currency trading is too complicated\nor only for millionaires? Its not.\u003cbr\u003e\u003cbr\u003eNot too long ago, the commodity market was the place to go\nto make big money. But sometimes stock market participants\nwho looked into commodity trading had traumatic\nexperiences when they did, because the difference between the\ntwo markets was like night and day. A trader who understood\nthe mechanics of trading AAPL, for instance, could trade any\nother stock on the exchange. In the stock market, prices are quoted in dollars and trades are made in increments of pennies.\nHowever, that isnt the case in commodities; traders find out\nin a hurry that each commodity is unique. They learn that they\nmust choose three or four commodities and become experts in\nthose few, as it is impossible to trade the entire market.\u003cbr\u003e\u003cbr\u003eFortunately, there is a market where money can be made\nusing all the tools and experience used in the stock market.\nIts currencies.\u003cbr\u003e\u003cbr\u003eForex 101\u003cbr\u003e\u003cbr\u003eThe foreign exchange market (also known as forex, or just\nFX) is where currencies are traded. Today, this market is the most liquid and largest financial\nmarket in the world. Upward of\n$4 trillion a day are traded. The\nmarket is open five days a week,\n24 hours a day from 5pm Eastern\ntime Sunday to 5pm Eastern time\nFriday. Not only that, its got\na reputation: when traders get\ntogether and the subject of forex\ncomes up, beginners and oldtimers\nagree that currency trading isnt\nfor them, whether because of its\ncomplexity or the possibility of\nenormous losses.\u003cbr\u003e\u003cbr\u003eThis apprehension is probably\nkeeping a lot of you from dipping\nyour toe into the forex waters.\nWithout trying, youll never know\nhow well you could have done.\u003cbr\u003e\u003cbr\u003eTake a look at the two charts in\nFigure 1. Can you tell which one\nis the one-minute chart of IBM\nand which one is the one-minute\nchart of the EUR\/USD (euro\/US\ndollar)? Does this give you some\nassurance that these two trading\narenas are not that far apart? Does\nthis mean you can continue to\nuse the same technical analysis\nindicators that you have been\nusing for stock trading?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134151258481,"sku":"V30C13_508TESEO","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_3b9a7f0d-78e4-4bb2-b862-58aee8e0a011.jpg?v=1739668927","url":"https:\/\/shop.traders.com\/products\/stcov305gest","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}