Forex Trading Markets: Recognizing Patterns

Forex works by making transactions in foreign currencies that are not centered on an exchange like the New York Stock Exchange (NYSE) instead; they take place world wide through telecommunications. The forex trade is open 24 hours a day beginning on Sundays in the afternoon until Friday afternoon. There...

Forex Markets: Japanese Yen vs US Dollar

The Japanese yen is the official currency of Japan and after the euro and the US dollar is the most widely traded form of currency on the Forex. The foreign exchange market can trade currencies from all over the world with each other. There are many individuals who trade on the Forex to make a profit....

Forex Market: What is Hedging?

For those who are not familiar with the Forex market, the word “hedging” could mean absolutely nothing. However, those who are regular traders know that there are many ways to use this term in trading. Most of the time when you hear this phrase it means that you are trying to reduce your risk in trading....

The Forex Market and Global Expansion

The foreign market originated in 1973 and more than three decades later, the forex market has been expanding and developing into the robust worldwide market it is today. Even so, currency or money has always been in our society, in one form or another, since the ancient time of the Pharaohs. The first...

What are Forex Charts And How Do You Read Them?

When learning to read forex charts, remember that there are two basic approaches for online forex trading. They are fundamental analysis and technical analysis. Fundamental analysis doesn’t rely on forex charts. It uses both political and economic factors to help determine trades. Charts here are only...

Foreign Exchange Markets: A General Overview

In the beginning countries would trade with each other using the barter system. If one nation needed lumber but had cattle, they would trade one product for another. This was pure trading. This type of economy has many limitations, but served mankind well for many centuries. However, nations quickly...

Forecasting The Forex Trading Market

For those who trade using the Forex, or foreign currency exchange, knowing how to forecast the Forex can make the difference between trading successfully and losing money. When you begin learning about Forex trading, it is vital that you understand how to forecast the Forex trading market. There are...

How To Avoid Forex Scams

Whenever there is an opportunity to make large amounts of money, there will be people who are eager to jump right in and start making money. And where there are people who are eager to get rich quick with a minimum of effort on their part, there are fraudsters waiting to take their money. Experienced...

5 Solid Forex Trading Strategies

When considering forex trading as a profit making venture, it is important to work out winning strategies beforehand if at all possible. Making decisions regarding your forex trading and developing a strategy can be seen as your foundation. With your strategy you will optimize your risk with respect...

How to Guarantee Failure in Forex Trading

Forex trading – it’s one of the most exciting new ‘games’ in town. The stakes are variable enough that almost anyone can play, and the potential winnings are high enough to tempt even the most conservative into the running. There’s something romantic and dashing about trading in money – a cachet that...

Expensive Forex Trader Mistakes That Beginners Make

Learning anything new can lead to mistakes, but making mistakes can be the natural part of the learning process. When learning to trade or invest in the Forex, mistakes can lead to lose of profits and can become expensive. A good investor will understand the market they are using for trading. Whether...

How To Choose a Forex Broker

When choosing a forex broker there are many factors to take into account. Trust Experience References from past clients Level of success Amount of advice to be given Convenience Amount of margin offered Speed All of the above are of course important. In any financial transaction it is important to trust...

Can Forex Signals Really Pay Off Big?

Many new traders are clueless when it comes to the Forex market. They know that they want to participate and learn, however they are not sure where to begin. Some companies are aware of this and try to lure these people into purchasing Forex signals. These companies claim that these Forex signals can...

Forex Trading: What are Trading Trends & Ranges?

When you choose to start trading in the Forex market, which is often call the foreign exchange market, you will need to bone up on a little trading vocabulary. Learning specific terms and what they mean are essential before you even think about using real money to trade. You would never get into a pilot’s...

What is an Exotic Currency? Impact on Forex Markets?

The exotic currency is defined as a currency with little liquidity and limited dealing. The exotic currency is neither a minor nor a major currency. Some of the currencies that are considered minor are the Australian dollar, the Canadian dollar and the New Zealand dollar. Some of the currencies that...

What does Crossing Currency Mean to Forex Traders?

Learning to trade on the foreign exchange, also called the Forex, market can be both exciting and profitable. In order to trade successfully on the Forex it is essential to understand the way the market works, the terminology and the trends. Brokers and financial institutions are often the best way...

The Euro in the Forex Markets

The Forex, also called the foreign exchange market is the largest and most liquid trading market in the world. Unlike the stock exchange, the Forex does not have a certain trading place or closing time. Instead, over $2 trillion are traded and sold every day. The Forex never closes and trading takes...

A Forex Education: Getting Started

The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing with the foreign currency exchange, it is possible to buy the currency of one...

What Is The Truth About Forex Scams?

So what are forex scams? Some people jump to the conclusion that anything that doesn't make them rich overnight is a scam. They do not want to have to spend any time developing skills - they want something that works like magic, without putting in any effort at all. That's clearly crazy. If such a thing...

How Do I Identify A Forex Scam?

There is plenty of opportunity for unscrupulous people to make money fraudulently by launching a forex scam. Unfortunately there are always people who will part with money too fast in the hope of making more. However, we cannot assume that a system has to make money for everybody using it in order to...

If You Are New To Forex, Choose Mini Forex Trading

If you are new to forex or have only a small amount of capital available right now, mini forex trading could be the way to go for you. It allows you to trade with real money while limiting your risk to a relatively small amount. Generally the lot size of trades for a mini account is only one-tenth of...

How Much Forex Trading Training Do I Need?

Does everybody need forex trading training or do some people have a natural talent for trading currency on the forex market? You will not be surprised to hear that nobody is born understanding all of the ins and outs of foreign exchange trading. While it is true that some kinds of experience or personality...

What To Look For In A Forex Book

There is no doubt about it, forex books are very useful for the new currency trader and equally for traders who want to improve their skills with new strategies. There is a very wide variety of currency trading training resources available both online and offline these days including members-only websites,...

Foreign Exchange And Currency Trading Tutorials

There is a big market for currency trading tutorial material. The forex (foreign exchange) trading market is huge, and many experienced traders are now offering training to hopeful beginners or intermediate level traders who want to improve their profits. But can you expect to find good training for...

What Is Currency Trading?

What is currency trading? Well, at its simplest it is exchanging one currency for another, just as you might do when going on vacation to another country. You trade your own currency for the currency of the country you are visiting. However, when people talk about forex (foreign exchange) trading or...