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Foreign Exchange Trading - An Overview Foreign exchange trading market is a market, where currencies of different economy are traded. Here, currencies are bought and sold against each other's value. This trading market is the largest market in the world, as over a thousand billion dollars are traded in a single day. The foreign...more
Trading Volume Indicators Some traders brag that they only need price bars to trade successfully. They boast that they don't need any indicators on their charts.Other traders agree that they don't need indicators, but they do like to add volume to their charts. There are 3 things that are absolutes on a chart: 1. Price 2. Volume 3....more
FX Trading Guidance Have you been lured to the foreign exchange markets by the promises of big cash? Do you see yourself living the lifestyle of the forex trader, with the flash vehicles, the sumptuous homes and the luxurious yachts? Can you think about your self on the hub of the exciting foreign exchange world, putting on trades that can dazzle and being the envy of fellow merchants? Briefly, do you see foreign forex trading as a quick path to riches? If that is the case, you severely must re-assess your strategy to foreign money trading - those are the flimsy fantasies peddled by the unscrupulous, trying to scam you. There's a way to make good cash from forex trading, but it's neither quick or livid and the first thing you should do is get yourself a correct schooling - and subscribe to some foreign exchange tuition. If going again to excessive school seems a little tedious, and only a bit an excessive amount of like hard work, then perhaps your greatest guess is to neglect forex trading and head off to the gambling websites. That's as a end result of foreign forex trading, without forex tuition, is in essence gambling. Those that head into the markets missing a...more
Developing your first trading plan Before we go further, it is important to understand a few basic principles. In the beginning you will develop a set of very rigid trading rules. This is important and it's like anything else we...more
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