Twenty-four hours a day, every day, the Forex market is in business. Foreign exchange, Forex or FX are a few of the terms representing the trading of the worlds various currencies: the largest market on earth.
Becoming a successful Forex trader is the goal for millions across the world, but many – even most – new traders fail within the first year or lose thousands of invested dollars because they haven’t grasped a thorough understanding of the industry and the way the market works.
With money to be made in the Forex market and every hour of the day to trade, appropriate and effective Forex training and grasping the right Forex trading strategies are of utmost importance.
In essence, a currency trade is the buying of one currency while simultaneously selling another. And with trades totaling more than 1.5 billion U.S. dollars every day, the Forex market deals with 100 times more currency than the New York Stock Exchange. Unlike trading on a typical stock market, the Forex market is considered an over the counter market because it is not conducted by a central exchange. Instead, Forex trading strategy takes place on an interbank...
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