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Forex for Geeks. 

For More Information About Forex...

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Tags:  leverage  forex  price  stops  currency  pair  order  market  margin  loss 
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Published:  January 19, 2012
 
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Slide 1: ==== ==== Forex Profits http://49bbccigr9zdgye9oiwd3r3r9p.hop.clickbank.net/ ==== ==== TITLE: A Brief Review Of Currency Trading For Dummies There is a lot to learn when you decide to start currency trading. The currency trading market is called the Foreign Exchange Market, the Currency Market, or most commonly, the Forex. This is one of the largest markets in the world. It is traded on 24 hours a day, 7 days a week. The market is, for the most part high risk, and the more a person knows about Forex, the more successful they will be in trades. This short article cannot begin to give you all of the information you need to begin trading. Even currency trading for dummies will require time and study to accomplish. Forex traders are betting on the way that exchange rates will move. This sounds easy, but exchange rates for countries are affected by multiple variables. The Forex trading arena is an even playing field, information is received by all traders at the same time. While everyone speculates on changes in the currency market, no one can know for sure when a market is going to rise or fall. The most telling impact on currency in a country can be seen by the people of that country. Wars, arms, a death of major leaders, all affect the currency exchange rate. The global economy is affecting currency exchange rates around the world. Individuals who are speculating on when this currency will change direction have an opportunity to see significant gains in their portfolios or to lose substantially. Traders try to predict fluctuations in the exchange rate and bet on the pairs that will give them the largest gains on their bet. When one country's currency is being traded against another country's currency, it is call a"pair". All of the major pairs that are traded involve the US dollar. When a currency pair is being traded that does not involve the US, it is called a"cross currency pair." An example of a cross currency pair would be EUR/JPY (Euro/Japanese Yen). The most actively traded cross currency pairs are the EUR, JPY, and the GBP (sterling pound or British currency). There are a couple of important things to know about how the pairs are shown. First, the stronger currency is traditionally listed on the left. So, when you see EUR/USD, you know that the Euro is stronger than the US dollar. This stronger currency, the one on the left, is called the"base currency." The base currency is what you buy or sell. So, if you buy 10000 EUR you are automatically selling 10000 USD. On paper it would look like this, 10000 EUR/USD. The currency on the right is called the"counter currency" or"secondary currency." The value of this currency when you buy or sell your base currency will determine what your profit or loss is on your trade. Now, multiply the previous paragraphs into thousands of trades happening every minute of every day and you get an idea of how fast the market moves. Forex is very, very fast. The currency rates are constantly on the move. Some of the pairs are lower risk and some are extremely high risk. Knowing what the risk of the pairs are will help you to decide where you can start actively trading.
Slide 2: Now, this is only one tiny little piece of what you need to know to begin trading. There are strategies, methods, and much more that will be important in making successful trades on a consistent basis. It will be important to take some classes and talk to successful traders to learn about the different strategies and methods for trading that are effective. ==== ==== Forex Profits http://49bbccigr9zdgye9oiwd3r3r9p.hop.clickbank.net/ ==== ====

   
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