Forex

Forex

Forex is an over-the-counter (OTC) marketplace where the currencies of the world are traded. In contrast to other prominent financial centers, forex facilitates trade without a centralized exchange, implementing an exclusively digital platform. Limited barriers of entry, ease of transaction and high market liquidity are its calling cards.

Easily the world's largest market, the average daily traded volume in forex dominates all other global marketplaces. For April 2016, daily volume measured more than US$5 trillion in value, according to BIS. Of that amount, trade of major global currencies such as the United States dollar (USD), euro (EUR), Japanese yen (JPY) and British pound (GBP) accounted for a majority of the trading activity. Institutional investors, retail traders, and central banks and governments satisfy their needs for currency exchange using forex.

Technical analysis and charting are key elements in the active trade of currencies on the forex market. Exchange rate volatilities are studied intensively using Japanese candlestick charts, support and resistance levels, pivot points and more. Various oscillators and momentum indicators are used to predict possible direction and strength of future price movements.

Vast numbers of short-term traders and long-term investors consider forex to be an ideal place to seek opportunity. Profiting from various arbitrage strategies, rollover and short-term scalping operations are common ways an individual can seek to earn money on a daily basis.

Forex

A Guide To Forex Technical Analysis

When it comes to active forex trading, there are three basic types of analysis: fundamental, technical and hybrid. Each features a collection of unique advantages and may be integrated within…

Forex

Buy Limit Vs Buy Stop In Forex Trading

For active forex traders, properly locating orders is a key part of conducting day-to-day business. Understanding order functionality and how different types impact trade execution is critical to interacting within…

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Forex

Types Of Forex Orders

In forex trading, selecting the proper order type for the job is an important task. No matter if one is a short-term scalper or long-term investor, the way in which…

Forex

Is Forex Trading A Scam?

The foreign currency exchange, or forex (FX), is a decentralised, electronic marketplace. It's the world's single largest trading venue and includes a wide variety of participants from every corner of…

Forex

Is The Forex Profitable?

As the world's largest financial market, the forex attracts millions of participants from around the globe on a daily basis. The result is a highly liquid, diverse trading venue that…

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