Forex Education 2: Introducing Forex Basics

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...

Forex Trivia – Forex Currency Pairs

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...

Forex Education 1: Learn Forex Before You Invest

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...

Forex Trivia-List of Currency Codes

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...

Hello Forex World!

Define Forex 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...