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The
Forex market, established in 1971, was created
when floating exchange rates began to materialize.
The Forex market is not centralized, like in currency
futures or stock markets. Trading occurs over computers
and telephones at thousands of locations worldwide.
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The Forex market, which is the exchange
of one currency to another, is the largest market in
the world. In comparison, the US stock market may trade
$10 billion in one day, whereas the Forex market will
trade up to $2 trillion in one single day.
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The largest foreign exchange activity
is the spot exchange (i.e.., Immediate) between
the US dollar and four other major currencies: British
Pound, Japanese Yen, Eurodollar and the Swiss Franc.
These four currencies are bought and sold against the
US dollar.
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Up until 1998 this was the exclusive market
of the banks and large institutions that traded currencies
among themselves, reaping huge profits. Wonder why the
Banks and Insurance companies have the biggest buildings
downtown?...currency trading.
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| In a recent article in the Wall Street
Journal, Daimler Chrysler made more money in one
quarter trading foreign currency than selling cars.
Think of it, if the big companies are doing it, it is
definitely the trend to follow. Now thanks to the Internet
it is possible for anyone to get involved in the same
trading, at their own level...with low risk. |
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What You will Learn
How to install the Dealer software
How to install the Charting software
How to access your Demo Account
How to read the charts
How to add indicators to the charts
How to enter trades properly
How to exit trades properly
How to place stop losses
How to place limit orders
How to read the market
How to set lines of support
How to set lines of resistance
...plus much more
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Also You will learn about...
History of Forex
Forex Terminology
Factors affecting currency rates
Forex Market Dynamics
Different Forex Indicators
- Simple Moving Average
- Exponential Moving Average
- MACD
- Lines of Resistance
- Lines of Support
- Fibonacci
Risk Management
Capital Management
...plus much more
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