Posted by Mumsie FX on Mar 13th, 2010 | 20 comments
Forex is the world’s largest financial market, having a volume in trades of more than 4 trillion dollars daily. Wow! The New York Stock Exchange has 25 billion dollars only a day. Forex is almost 160 times bigger! Even with the stocks and futures markets combined amount, Forex is still 3 times bigger. Wow-wow!
Forex trading involves money, nothing more. Oh, and a speedy computer with fast...
Posted by Yelokab Pipza on Mar 11th, 2010 | 11 comments
What is Traded in Forex?
US Dollar by dungvinacosh from flickr.com
Money is what traders trade in forex. Money is currency. One buys and another sells at the same time in forex; thus, currencies are traded in pairs. All trades in forex require the simultaneous buying one currency and selling another currency—but the pair is considered as one single unit that is used to perform forex...
Posted by Mumsie FX on Mar 8th, 2010 | 12 comments
The Makings of a Forex Trader
What makes a good forex trader? What is the personality profile of a successful trader? What are the characteristics of a professional trader?
Self-disciplined, self-controlled, unemotional, analytical, wary, patient, diligent, persevering, fearless, confident, wise, moderate, sensible, alert, objective, and—what else?
Important Traits of a Good Forex...
Posted by Yelokab Pipza on Mar 7th, 2010 | 4 comments
A currency code is the 3-letter code, established by the ISO (International Organization for Standardization), that describes the common currency used in a specific country. These currency codes were developed in 1973 to be used in application of trade, commerce, and banking. In 1978, the UN/ECE Group of Experts officially permitted the use of 3-letter currency codes suitable in international...
Posted by Forex Mistress on Mar 3rd, 2010 | 1 comment
Foreign exchange market (a.k.a. forex, FX, or currency market) is a decentralized financial market for currency trading. Forex bustles with global activity from sunrise to sunset, except during weekends. To be exact, forex trading starts from 20:15 (UTC) Sunday to 22:00 (UTC) Friday. The forex market is the largest financial market in the world, with a daily turnover of about 3...