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What Is Forex?

The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in Euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into Euros. The same goes for traveling. A French tourist in Egypt can't pay in Euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the Euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
What is the need of Forex?
The unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open …
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rupesh1984 avatar
rupesh1984 17 Jan.

nice job :)

Elani avatar
Elani 18 Jan.

and I should do some reading on trading today))))

TInna avatar
TInna 19 Jan.

Nice job!

brilliant avatar
brilliant 25 Jan.

many articles is attracted to the history of forex . every one of them is special

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39/65
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Forex is actually the foreign currency market. It is usually known as merely "Forex," "FX" or currency market. It's a worldwide setup which allows people to trade currency. It simplifies the procedure of buying, trading and selling values at current prices.
The easiest way to start forex currency trading would be to discover the guidelines which are required for any new broker to check out.
Application with Software Settings

The very first thing is for novices to comprehend that development a software to complete the trading operates so long as there's no change on the market. As soon as there's any change, the broker is no further earning money once the options were implemented like these were.
It operates because the tag is movingin a particular path, however when it changes the software stops working. This can be leads to both dropping the cash which has been gained or just not making anything whatsoever and annoying.
Information Overload

Keep it simple. Have the ability to place what is called a "5-alarm industry" in currency trading. There might be no "occur rock" method to create the very best choices within the forex currency trading world, but you will find method…
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TInna avatar
TInna 9 Nov.

good

VictoriaVika avatar

There is many useful information, really good strategy and detail explanation. Well done! Go ahead! :)

ak10 avatar
ak10 10 Nov.

Well written

DaShik avatar
DaShik 11 Nov.

Good summary of useful information. Not for newcomers to Forex, but for those who already started and have to review basics.

brilliant avatar
brilliant 24 Nov.

nice article . good luck

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41/65
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Forex is actually the foreign currency market. It is usually known as merely "Forex," "FX" or currency market. It's a worldwide setup which allows people to trade currency. It simplifies the procedure of buying, trading and selling values at current prices.
The easiest way to start forex currency trading would be to discover the guidelines which are required for any new broker to check out.
Application with Software Settings

The very first thing is for novices to comprehend that development a software to complete the trading operates so long as there's no change on the market. As soon as there's any change, the broker is no further earning money once the options were implemented like these were.
It operates because the tag is movingin a particular path, however when it changes the software stops working. This can be leads to both dropping the cash which has been gained or just not making anything whatsoever and annoying.
Information Overload

Keep it simple. Have the ability to place what is called a "5-alarm industry" in currency trading. There might be no "occur rock" method to create the very best choices within the forex currency trading world, but you will find method…
Read article
Translate to English Show original
priceaction113 avatar

Good basic information regarding FX hope you will  add some charts in next article it will help more

VictoriaVika avatar

Good luck in contest :)

TInna avatar
TInna 13 Nov.

good Article

brilliant avatar
brilliant 24 Nov.

good article for begginers

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