What You Need To Succeed In the Forex
Market
Forex trading is among thelargestfinancial businesses in theworld.
In fact,it is estimatedthat
the worldwide forex marketmakes an average daily turnover of about U.
S.
$4 trillion.
Foreign
exchange is the act...
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What You Need To Succeed In the Forex
Market
Forex trading is among thelargestfinancial businesses in theworld.
In fact,it is estimatedthat
the worldwide forex marketmakes an average daily turnover of about U.
S.
$4 trillion.
Foreign
exchange is the act of buying and selling of currency.
Normally, currencies are traded
simultaneously and in pairs; for instance,the JapaneseYen may be tradedwith the U.
S.
Dollar
(JPY/USD), or theU.
S.
Dollar with theEuro (USD/EURO).
An estimated5 % turnoveris made
by governments and other international companies that sell and buy goods and services from
othercountries.
The remaining percentageturnoveris madeby forex tradersfor profit.
The Modern Forex Market
Forex trading used to be the domain of
major financial institutions such as
central banks and large corporations.
It
was also known to be a common tradeof
the filthy rich individuals but this trend
was dramatically turned around with the
adventof the internet,which opened the
doors of forex
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