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www.CandlestickForums.comwww.CandlestickForums.com
Trade ForexTrade Forex
www.CandlestickForums.comwww.CandlestickForums.com
Trade Forex with the ProsTrade Forex with the Pros
www.CandlestickForums.comwww.CandlestickForums.com
To trade forex is to buy one currency and to sellTo trade forex is to b...
Before We Continue…Before We Continue…
Click the links below to get yourClick the links below to get your
FREE training ma...
www.CandlestickForums.comwww.CandlestickForums.com
The forex market is the largest market in the worldThe forex market is ...
www.CandlestickForums.comwww.CandlestickForums.com
Forex trading is considered speculative meaningForex trading is conside...
www.CandlestickForums.comwww.CandlestickForums.com
Forex currency trading is also highly liquid whichForex currency tradin...
www.CandlestickForums.comwww.CandlestickForums.com
When investors trade currency, each currencyWhen investors trade curren...
www.CandlestickForums.comwww.CandlestickForums.com
This is due to the constant fluctuation of theThis is due to the consta...
www.CandlestickForums.comwww.CandlestickForums.com
In order to trade forex with the pros, you need toIn order to trade for...
www.CandlestickForums.comwww.CandlestickForums.com
You will need to understand what a bid and an askYou will need to under...
www.CandlestickForums.comwww.CandlestickForums.com
Another term that you should be familiar with isAnother term that you s...
www.CandlestickForums.comwww.CandlestickForums.com
The spread is the difference between the bid andThe spread is the diffe...
www.CandlestickForums.comwww.CandlestickForums.com
The second term that you should be familiar withThe second term that yo...
www.CandlestickForums.comwww.CandlestickForums.com
Pips are the smallest unit in which a cross pricePips are the smallest ...
www.CandlestickForums.comwww.CandlestickForums.com
To determine the pip when you trade forex, youTo determine the pip when...
www.CandlestickForums.comwww.CandlestickForums.com
The most commonly traded foreign currencies areThe most commonly traded...
www.CandlestickForums.comwww.CandlestickForums.com
There are five major currencies and they are listedThere are five major...
www.CandlestickForums.comwww.CandlestickForums.com
The first major currency in the U.S. dollar which isThe first major cur...
www.CandlestickForums.comwww.CandlestickForums.com
The second foreign currency is the Euro.The second foreign currency is ...
www.CandlestickForums.comwww.CandlestickForums.com
The Euro has a strong international presence andThe Euro has a strong i...
www.CandlestickForums.comwww.CandlestickForums.com
The British pound is heavily traded against theThe British pound is hea...
www.CandlestickForums.comwww.CandlestickForums.com
The British pound used to be the currency ofThe British pound used to b...
www.CandlestickForums.comwww.CandlestickForums.com
The Japanese yen is the third most traded currencyThe Japanese yen is t...
www.CandlestickForums.comwww.CandlestickForums.com
The Swiss franc is the only currency of a majorThe Swiss franc is the o...
www.CandlestickForums.comwww.CandlestickForums.com
Unlike the stock market which takes place on aUnlike the stock market w...
www.CandlestickForums.comwww.CandlestickForums.com
They are also able to conduct trading 24-hours aThey are also able to c...
www.CandlestickForums.comwww.CandlestickForums.com
This works well for investors who may not be ableThis works well for in...
www.CandlestickForums.comwww.CandlestickForums.com
Forex trading is a great way for investors to makeForex trading is a gr...
Trade Forex
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Trade Forex

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Trade Forex

Trade Forex with the Pros

To trade forex is to buy one currency and to sell another currency simultaneously. The forex market is the largest market in the world trading more than three trillion dollars every day. Forex trading is considered speculative meaning that only a low percentage of market activity represents companies’ and governments’ currency conversion needs. Forex currency trading is also highly liquid which helps to ensure narrow spreads and price stability. When investors trade currency, each currency works against the other. This is due to the constant fluctuation of the market and as a result it provides numerous trading opportunities.

In order to trade forex with the pros, you need to understand the terms associated with forex currency trading, also referred to as foreign currency trading. You will need to understand what a bid and an ask are. The bid is the price that you can sell currency at, and the ask is the price that you can buy currency at. Another term that you should be familiar with is the term spread. The spread is the difference between the bid and the ask, or in other words, it is the difference between the price that you can sell forex currency at and the price that you can buy forex currency at. The second term that you should be familiar with is a pip. Pips are the smallest unit in which a cross price quote changes and is determined by comparing the bid and the ask price. To determine the pip when you trade forex, you have to know how many decimals a country’s currency is quoted at, and then you cancel out the zeros on the amount you trade. The most commonly traded foreign currencies are called the majors. There are five major currencies and they are listed below.

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Transcript of "Trade Forex"

  1. 1. www.CandlestickForums.comwww.CandlestickForums.com Trade ForexTrade Forex
  2. 2. www.CandlestickForums.comwww.CandlestickForums.com Trade Forex with the ProsTrade Forex with the Pros
  3. 3. www.CandlestickForums.comwww.CandlestickForums.com To trade forex is to buy one currency and to sellTo trade forex is to buy one currency and to sell another currency simultaneously.another currency simultaneously.
  4. 4. Before We Continue…Before We Continue… Click the links below to get yourClick the links below to get your FREE training materials.FREE training materials. Free Weekly Investing WebinarsFree Weekly Investing Webinars Don’t miss these free training events!Don’t miss these free training events! http://http://www.profitableinvestingtips.comwww.profitableinvestingtips.com /free-webinar/free-webinar Forex Conspiracy ReportForex Conspiracy Report Read every word of this report!Read every word of this report! http://http://www.forexconspiracyreport.comwww.forexconspiracyreport.com
  5. 5. www.CandlestickForums.comwww.CandlestickForums.com The forex market is the largest market in the worldThe forex market is the largest market in the world trading more than three trillion dollars every day.trading more than three trillion dollars every day.
  6. 6. www.CandlestickForums.comwww.CandlestickForums.com Forex trading is considered speculative meaningForex trading is considered speculative meaning that only a low percentage of market activitythat only a low percentage of market activity represents companies’ and governments’represents companies’ and governments’ currency conversion needs.currency conversion needs.
  7. 7. www.CandlestickForums.comwww.CandlestickForums.com Forex currency trading is also highly liquid whichForex currency trading is also highly liquid which helps to ensure narrow spreads and pricehelps to ensure narrow spreads and price stability.stability.
  8. 8. www.CandlestickForums.comwww.CandlestickForums.com When investors trade currency, each currencyWhen investors trade currency, each currency works against the other.works against the other.
  9. 9. www.CandlestickForums.comwww.CandlestickForums.com This is due to the constant fluctuation of theThis is due to the constant fluctuation of the market and as a result it provides numerousmarket and as a result it provides numerous trading opportunities.trading opportunities.
  10. 10. www.CandlestickForums.comwww.CandlestickForums.com In order to trade forex with the pros, you need toIn order to trade forex with the pros, you need to understand the terms associated with forexunderstand the terms associated with forex currency trading, also referred to as foreigncurrency trading, also referred to as foreign currency trading.currency trading.
  11. 11. www.CandlestickForums.comwww.CandlestickForums.com You will need to understand what a bid and an askYou will need to understand what a bid and an ask are.are.
  12. 12. www.CandlestickForums.comwww.CandlestickForums.com The bid is the price that you can sell currency at,The bid is the price that you can sell currency at, and the ask is the price that you can buyand the ask is the price that you can buy currency at.currency at.
  13. 13. www.CandlestickForums.comwww.CandlestickForums.com Another term that you should be familiar with isAnother term that you should be familiar with is the term spread.the term spread.
  14. 14. www.CandlestickForums.comwww.CandlestickForums.com The spread is the difference between the bid andThe spread is the difference between the bid and the ask, or in other words, it is the differencethe ask, or in other words, it is the difference between the price that you can sell forexbetween the price that you can sell forex currency at and the price that you can buy forexcurrency at and the price that you can buy forex currency at.currency at.
  15. 15. www.CandlestickForums.comwww.CandlestickForums.com The second term that you should be familiar withThe second term that you should be familiar with is a pip.is a pip.
  16. 16. www.CandlestickForums.comwww.CandlestickForums.com Pips are the smallest unit in which a cross pricePips are the smallest unit in which a cross price quote changes and is determined by comparingquote changes and is determined by comparing the bid and the ask price.the bid and the ask price.
  17. 17. www.CandlestickForums.comwww.CandlestickForums.com To determine the pip when you trade forex, youTo determine the pip when you trade forex, you have to know how many decimals a country’shave to know how many decimals a country’s currency is quoted at, and then you cancel outcurrency is quoted at, and then you cancel out the zeros on the amount you trade.the zeros on the amount you trade.
  18. 18. www.CandlestickForums.comwww.CandlestickForums.com The most commonly traded foreign currencies areThe most commonly traded foreign currencies are called the majors.called the majors.
  19. 19. www.CandlestickForums.comwww.CandlestickForums.com There are five major currencies and they are listedThere are five major currencies and they are listed below.below.
  20. 20. www.CandlestickForums.comwww.CandlestickForums.com The first major currency in the U.S. dollar which isThe first major currency in the U.S. dollar which is the world’s main currency and is the universalthe world’s main currency and is the universal measure to determine all other currencies tradedmeasure to determine all other currencies traded on the forex exchange.on the forex exchange.
  21. 21. www.CandlestickForums.comwww.CandlestickForums.com The second foreign currency is the Euro.The second foreign currency is the Euro.
  22. 22. www.CandlestickForums.comwww.CandlestickForums.com The Euro has a strong international presence andThe Euro has a strong international presence and was designed to become the premier currencywas designed to become the premier currency used to trade forex.used to trade forex.
  23. 23. www.CandlestickForums.comwww.CandlestickForums.com The British pound is heavily traded against theThe British pound is heavily traded against the euro and the U.S. dollar, but is not quite aseuro and the U.S. dollar, but is not quite as strong as the previous two currencies.strong as the previous two currencies.
  24. 24. www.CandlestickForums.comwww.CandlestickForums.com The British pound used to be the currency ofThe British pound used to be the currency of choice until the end of WWII.choice until the end of WWII.
  25. 25. www.CandlestickForums.comwww.CandlestickForums.com The Japanese yen is the third most traded currencyThe Japanese yen is the third most traded currency in the world and is very liquid.in the world and is very liquid.
  26. 26. www.CandlestickForums.comwww.CandlestickForums.com The Swiss franc is the only currency of a majorThe Swiss franc is the only currency of a major European country that does not belong to theEuropean country that does not belong to the G-7 countries or to the European MonetaryG-7 countries or to the European Monetary Union.Union.
  27. 27. www.CandlestickForums.comwww.CandlestickForums.com Unlike the stock market which takes place on aUnlike the stock market which takes place on a central stock exchange, forex traders trade forexcentral stock exchange, forex traders trade forex on the Foreign Exchange Market.on the Foreign Exchange Market.
  28. 28. www.CandlestickForums.comwww.CandlestickForums.com They are also able to conduct trading 24-hours aThey are also able to conduct trading 24-hours a day at whatever times works best for them.day at whatever times works best for them.
  29. 29. www.CandlestickForums.comwww.CandlestickForums.com This works well for investors who may not be ableThis works well for investors who may not be able to conduct fx trading during the day during theirto conduct fx trading during the day during their regular work hours.regular work hours.
  30. 30. www.CandlestickForums.comwww.CandlestickForums.com Forex trading is a great way for investors to makeForex trading is a great way for investors to make money trading however, they must be sure tomoney trading however, they must be sure to invest in their education of the forex markets asinvest in their education of the forex markets as well as a forex trading system that works forwell as a forex trading system that works for them.them.

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