Category Archives: Forex Basics

3. How Trading Works – Interbank and the Forex

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The forex market has many players, large and small As discussed before, like most markets, the forex essentially works because many participants are buying and selling a fairly uniform product. Currency contracts at the retail level are most often denominated in 100,000 or 10,000 units of the base currency in the pair. There are many dealers who will break a lot into units smaller than that, but a full-size 100K or mini-size 10K lot is the most common. Forex dealers can be classified as

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2. Supply and Demand

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Supply and demand drives the forex market The Forex market, just like every other market in the world, is driven by supply and demand. In fact, understanding the concept of supply and demand is so important in the Forex market that we are going to take a step back into Economics 101 for a moment to make sure we’re all on the same page. Having a good grasp on supply and demand will make all of the difference in your Forex investing career because it will give you the ability to sift through the

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1. What is the forex

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The Forex market is the largest financial market in the world. More than $3 trillion in foreign currencies trade back and forth every day. Forex stands for the FOReign EXchange—the financial exchange on which governments, banks, international corporations, hedge funds and individual investors exchange foreign currencies. How does the forex work? When you fly to another country, one of the first things you do when you get off the plane is look for a place you can exchange your U.S. dollars for

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Important Things to know about your Currencies

This article is taken from the Forex Journal (October 2008 issue). The author, Sunil Mangwani , is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis. Sunil Mangwani provides valuable insights into the relationships that exist between various major currency pairs and other major commodity markets. Intermarket

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Part 3: The Time

Now I would like to talk about time. Timing in the market has big impact for the trading account, but so big as choosing the right direction. But even choosing the right direction after some time market will turn around and if you miss right time to get out, all the profits will go away. Based on previous sentence looks like timing is everything. I still think it is not. By my opinion it is better wrong timing than wrong direction. So why I would like to spend all article just talking about

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