Forex Education

Part 1 - Learn Forex Trading: Forex Market Overview

November 19, 2009 | scorpion
Forex is a loose acronym for Foreign Exchange Market that originated in the 1970s around the time free currency exchange rates were introduced in the world. In forex markets, market participants determine the price of one currency against the other purely from market forces stemming from supply and demand. There are no external controls in a forex market and is perhaps the best example of a perfect market with free competition. Forex is also the biggest liquid financial market in the world, with market volumes ranging in 1-3 trillion US Dollars a day.
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Part 2 - Learn Forex Trading: Currency Pair and Price

November 19, 2009 | scorpion
Currency pairs are financial instruments traded in forex markets. Every pair of currency traded in the forex market is considered as an individual product (or financial instrument). A set of two currencies always constitute a currency pair, of which one currency is being bought by the other. The buying and selling of currencies from around the world constitute currency trading.
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Part 3 - Learn Forex Trading: Margin and Leverage

November 19, 2009 | scorpion
In a forex trade conducted through a trading platform, you are only speculating on the currency exchange rate and not actually buying all that currencies. Therefore if you speculate the movement of currency rates accurately you make a profit, otherwise not. Margin trading and leverage originate from this belief that speculation in currency positions can be met without real money supply.
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Part 4 - Learn Forex Trading: Order Types

November 19, 2009 | scorpion
As a forex trader you have recourse to different types of orders in order to enter and exit the forex markets. These different types of orders allow you to specify precisely as to how your broker should fulfill your forex trades. This article explains the different order types that are possible in forex trading and emphasizes the fact that it is important that you place orders with a forex broker in the right way.
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Part 5 - Learn Forex Trading: How to Read Chart

November 19, 2009 | scorpion
For the newbie trader Forex trading often appears as an esoteric subject. With all the psychedelic colors that appear on the trading screens you would easily start wondering if forex trading can indeed be done by ordinary people. That could well be the case when you open out forex charts as an adjunct to your trading screen, especially as it has a lot to do with lines and colors. But as a matter of fact, forex charts are very easy to learn and doesn’t require any special mathematical skills whatsoever.
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Some History of Forex Market

October 16, 2009 | scorpion
The historical evolution of foreign exchange markets can be compartmentalized into 3 distinct phases namely the gold exchange period, followed by the Bretton Woods Agreement, to its current setting. The gold exchange standard ruled over international economic system between 1876 and World War I. This was a fairly stable system wherein currencies were supported by the price of gold.
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