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What Is The Forex Market? How Do I Trade It?

So you recently heard someone talking about forex, or maybe you read something in the paper or seen it on T.V. So what is the Forex Market anyway? How come I’ve never heard of this before? Does anybody make money in this market? These are all great questions so let’s start answering a few.

What Do You Trade In The Forex Market?

The answer to that question is easy, Money! That is all you are trading in the forex market, cold hard cash, its just in different currencies. Pretty simple right?

The US Dollar Is King of the Currencies

The forex market is different from regular financial markets because it has no physical location and no central exchange. The market is run electronically 24 hours a day through a network of banks. This style of market is call Over-the-Counter (OTC), or Interbank because the market is ran throughout major banks across the globe. With no central location to trade from forex trades can take place anywhere in the world, even from your computer!

Three Main Types Of Market Analysis

There is three main types of market analysis that can be applied to pretty much any market. They are Technical Analysis, Fundamental Analysis, and Sentiment Analysis. People argue over which type of analysis is better but in reality they are all needed to get a larger picture of the market.

Popular Forex Charts

In this article we will take a quick look at the most popular forex charts to trade from. Each chart has different way to display the price of the market. The top charts include line charts, bar charts, and candlestick charts.

Using Support And Resistance To Trade The Foreign Exchange Market

Support and Resistance lines are a key component for many traders. Not every trader will use support and resistance the same way, but the fact is, most people do use them. I personally love when there is a strong signal forming around support or resistance!

How To Draw Trend Lines Properly

Trend Lines are a very popular technical analysis tool. They are very easy to draw and can really give some great trading signals. If you don’t know how to draw and properly use trend lines you better keep reading.

Single Candlestick Patterns

Single candlestick patterns can tell you a lot about who is winning the battle between the bulls and bears. Candlesticks are one of my favorite trade signals so listen up on how you can make some pips with these easy to spot setups.

MetaTrader 4 Course For New And Intermediate Forex Traders Review

This MetaTrader 4 Course will also show you how to format the different charts on the platform plus how to install the different indicators on the charts. You will also learn how to add the different indictors to the platform. This course will also show you how to draw the trendlines. You will also learn how to use the fibonacci tools on the platform.

Why Do You Need an E-Currency Exchanger?

An e-currency exchanger is a corporation offering digital currency exchange services online across the world, through easy and secure processes. It let’s merchants and consumers buy, sell or exchange various kinds of digital currency; as these transactions aren’t held by the issuers themselves such as Liberty Reserve, Pecunix and WebMoney.

Ways of Making Money With Forex Trading and EBooks

It never hurts to try to add a little extra money to your nest egg. It is always a good idea to try and find ways of making money. It is important to keep in mind to try and focus on what you think you will be best at. There are so many options out there, that it can kind of be difficult to try to figure out which thing will be able to make you the most money.