Posted: Thu Oct 03, 2013 6:54 am |
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Are you aware that by beginning education in
automated forex trading you could significantly boost your investment income....and reduce the time and the fees you're now sacrificing for other investment methods? You may be thinking, "Why Forex instead of stocks, bonds, mutual funds, or real estate?" There's several benefits to Forex trading. Beginning education in forex trading could be the "turning point" of your financial future.
For years only the "big boys" i.e. large banks, people with millions to invest, and large companies with operations in more than one nation were the only ones to reap the rewards of Forex trading. All that has changed. Now individuals like you and I can easily use forex trading as a regular means for investment profits. Online Forex trading sites are readily available to the small investor. Some will even allow you to open as account with as little as $250.00. Most, if not all, of these sites have beginning education in forex trading available free of charge.
Beginning Education In Forex Trading- The Basics
Trading currencies is not affected by changing bull or bear markets. The trading occurs in pairs. An example would be trading US dollars to the Euro.
Simply put forex (foreign exchange) trades are made based upon the value of one currency as compared to another. The values of currencies are constantly changing. Quotes on prices are quoted in pips (percentage in point). If a particular currency quote goes higher, it means that currency is stronger. If it goes lower it means the currency weakening.
To place a forex trade means you're buying one currency and selling another. Basic factors used to determine how and when to place trades are relative interest rates, economic stability, political stability, and the trade status of the country. Eighty percent of forex trade on a daily basis involves nine major currencies: the U.S. dollar, Euro, yen, Swiss franc, British pound, Canadian dollar, and the Australian dollar.