Online Forex Guide
Free Online Trading Guide
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- How Forex Trading Works
- How to read and understand charts
- Top trading opportunities in 2015
- Learn Forex Trading Basics
- Trading Psychology
- Money Management
Beginners Forex Trading Guide
Learn about the forex market and some beginner trading strategies to get started
The foreign exchange market, also known as “Forex” or “Fx” market, is a global decentralized marketplace where currencies are traded. It has no centralized marketplace where transactions are conducted. Rather, Forex trading is carried out electronically over-the-counter (OTC), meaning that all trading transactions are performed via computer by traders and other market participants over the world.
The foreign exchange market is the largest financial market in the world where the average daily turnover is continuously growing. Daily turnover of conversion transactions in the world is estimated at $4 trillion, 80% of which are based on speculative transactions with the intention to get profit from trading the exchange rate differences.
This kind of market scale means that the market liquidity, the amount of buying and selling volume occurring at a particular time, is extremely high. This is a very important factor that allows to easily buy and sell currencies, and especially from an investor’s perspective, to determine how easily the currency price can change over a certain time period.
Advanced Forex Trading Guide