Saturday, October 3, 2009
INTRODUCTION
Forex stand for Foreign Exchange, the market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day more than three times the aggregate amount of the US Equity and Treasury markets combined. . Forex market provides high degree of leverage upto 1:400. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers. Currently in India Forex trading is not in main stream but slowly it is gaining momentum.
Subscribe to:
Post Comments (Atom)
Hello Ya'll,
ReplyDelete"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.
Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "DIFFICULTY" is that markets change over time. If EUR/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
START NOW: ForexTrendy
The tool inspects 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
CHECK IT OUT: ForexTrendy