Forex Signal 101: The Basics You Should Know
The Forex Market also known as the Foreign Exchange Market, has been around for thirty years and is simply the trading and selling of currencies between two countries.
Why? Because you can easily liquidate your trade into fast cash and what trader wouldn't mind that? So what is the Foreign Exchange Market or Forex as most know it as? It is a trading system similar to the stock market but quite different at the same time.
What is the Foreign Exchange Market or FX and how does it work? In existence for about thirty years, the forex market is trading twenty-four hours a day, in contrast to the stock market that has set business hours for trading.
And trading in the stock market limits you to your own country and currency, whereas forex trades are global, meaning selling and trading with many other countries and currencies.
But the forex market trader must be disciplined as the US stock market trader, so that they can read the market signals that will help them determine when to enter and exit the market.
These market signals or patterns and trends, discipline the trader to ride the long term distance versus short term, which will determine profit or loss.
Market signals come from charts that have a mathematical formula tied to the prices and times within the trades.
Timing is everything in the forex market and the trader must trade with patience, whether it is traded short term or long term.
Therefore traders observe and use these one-minute or sixty-minute charts carefully, which are updated constantly, and are a major trading signal for them.
If you would like to try your hand in the foreign exchange market, you will want to observe all the market signals and patterns and trends so that you can make the best trading decision and the most profit in this lucrative system. - 23200
Why? Because you can easily liquidate your trade into fast cash and what trader wouldn't mind that? So what is the Foreign Exchange Market or Forex as most know it as? It is a trading system similar to the stock market but quite different at the same time.
What is the Foreign Exchange Market or FX and how does it work? In existence for about thirty years, the forex market is trading twenty-four hours a day, in contrast to the stock market that has set business hours for trading.
And trading in the stock market limits you to your own country and currency, whereas forex trades are global, meaning selling and trading with many other countries and currencies.
But the forex market trader must be disciplined as the US stock market trader, so that they can read the market signals that will help them determine when to enter and exit the market.
These market signals or patterns and trends, discipline the trader to ride the long term distance versus short term, which will determine profit or loss.
Market signals come from charts that have a mathematical formula tied to the prices and times within the trades.
Timing is everything in the forex market and the trader must trade with patience, whether it is traded short term or long term.
Therefore traders observe and use these one-minute or sixty-minute charts carefully, which are updated constantly, and are a major trading signal for them.
If you would like to try your hand in the foreign exchange market, you will want to observe all the market signals and patterns and trends so that you can make the best trading decision and the most profit in this lucrative system. - 23200
posted by X - Men @ 2:11 AM
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