Friday, 26 August 2011

What is Forex trading ?

Forex trading because it relates to individual retail investors and traders is that the speculation of the speed of a selected currency try. for instance, traders who assume that the speed of the EURUSD will go up may decide to buy, or go long, the EURUSD in the forex market. If a trader thinks the currency rate or price will go down they will sell, or go short, the actual currency try they are interested in. All forex trading  done by retail traders and investors must be facilitated by a forex broker, there are several broker’s available on the net, an easy Google seek for the term “forex broker” will offer you several to pick from.
Typically, forex trading strategies can take variety of various forms, and it's extremely up to the individual trader to pick the strategy that works the most effective for them. However, these are a few of the additional widespread forex trading methods:
Indicator primarily based trading strategies – these trading strategies involve analyzing “lagging” indicators to do and predict future price movement of a forex currency try.
Robot trading systems – Forex trading “robots” have recently become quite widespread on the net, these robot trading systems are basically computer programs that tell you specifically where to enter and exit and drastically cut back the need for human interaction.
Scalping – this is a short-term trading strategy where traders jump in and out of the market quickly for little profits.
Price action primarily based directional speculation – The trading method of price action may be a forex trading strategy that involves analyzing a “clean” or indicator-free price to chart build one’s trading decisions. This method of trading can be learned through a high quality price action forex trading course.


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    "Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.

    Are you expecting that I am going to say something like EUR/CHF on 5-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!

    The "DIFFICULTY" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.

    I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.

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