Forex Trading for New Traders
What is FX trading? Forex, FX or Foreign exchange is simply the trading of the world's currencies. A currency trade is made with the simultaneous buying of one currency and sale of another. The Foreign exchange market, unlike the stock market, operates twenty four hours a day. It is the largest and most liquid market in the world, with trades close to 3 trillion USD per day. The main operating centers for trading are New York, London, Frankfurt, Tokyo and Sydney. Why you should be trading. Trading on the Foreign exchange market, as opposed to the stock market, can be much easier. The most popular currencies traded are: EUR/USD (euro/dollar), USD/JPY (dollar/Japanese yen), GBP/USD (British pound/dollar) and the USD/CHF (dollar/Swiss franc). ...
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