What is forex, in particular retail forex trading? Retail forex trading is the term used to refer to over-the-counter foreign currency transactions done through leveraged trading as facilitated by participating online forex brokers. In essence, retail forex represents the speculative side of foreign exchange most of those who engage in it are there to speculate […]
Retail Forex Trading, an Anomaly or A Necessity? Read More »
What is forex? Forex is such an encompassing term that when you ask anyone for a definitive explanation of what it is, he goes through a litany of explanations that confuses more than explain what is forex really all about. Indeed, forex is such an overwhelming topic to discuss that so many things come to
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So, is forex trading profitable? People looking for opportunities to make money online often end up in the portals of online forex brokers and immediately they get mesmerized by the prospects of making real money fast trading foreign currencies. More often than not, they start creating illusions of making it big as currency traders the
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“Is forex trading profitable” is a question that many people who are interested in getting into currency trading are asking. Undoubtedly, an increasing number of people are getting into currency trading, as shown by the growing share of the market taken by retail aggregators, or forex brokers that cater mainly to retail investors. Retail aggregators
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For those who are new to the Foreign Exchange market, Forex Signals can be a bit confusing. However, individuals must understand that they are integral parts of being a successful Forex trader so it’s not possible to just “ignore” them. What are Forex Signals? Foreign Exchange signals are basically alerts that inform that trader of
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There are basically two types of signal providers today – the automatic and the manual. Both are effective in providing traders with the information they need depending on what kind of trader they are. Manual The manual type basically means getting the service of an actual Forex analyst. This analyst will be the one watching
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It cannot be denied that broadening one’s knowledge of forex charts is a bit challenging. After all, such graphical representations of data are innately complicated. Furthermore, the sheer abundance of “guides” about charts on the web makes for a confusing learning endeavor. Worry not though, as becoming even more aware of the various facets of
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It cannot be denied that complete beginners in currency trading find it difficult to learn about the various kinds of forex charts. After all, just by glancing upon such graphical representations of data, novices would surely be confused as to what each line and color means. Indeed, even though it is obvious that every chart
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Apart from the interest rate decision of the US Fed’s Federal Open Market Committee interest rate decision, there are a number of other developments in the forex calendar that could have an impact on the US dollar for the remainder of the week. Here is a short breakdown of some of these developments. Producer Price
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Using a currency converter is remarkably easy and is no different from typing on a calculator. In fact, it’s easier because the converter will be the one doing the entire job for you. Step 1: Choose any converter type Step 2: Choose the base currency or the currency you have on hand Step 3: Choose
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