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FOREX 101: Make Money with Currency Trading

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  • jes mavadal
    For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The
    Message 1 of 1 , Oct 15, 2007
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      For those unfamiliar with the term, FOREX (FOReign
      EXchange market), refers to an international exchange
      market where currencies are bought and sold. The
      Foreign Exchange Market that we see today began in the
      1970's, when free exchange rates and floating
      currencies were introduced. In such an environment
      only participants in the market determine the price of
      one currency against another, based upon supply and
      demand for that currency.

      FOREX is a somewhat unique market for a number of
      reasons. Firstly, it is one of the few markets in
      which it can be said with very few qualifications that
      it is free of external controls and that it cannot be
      manipulated. It is also the largest liquid financial
      market, with trade reaching between 1 and 1.5 trillion
      US dollars a day. With this much money moving this
      fast, it is clear why a single investor would find it
      near impossible to significantly affect the price of a
      major currency. Furthermore, the liquidity of the
      market means that unlike some rarely traded stock,
      traders are able to open and close positions within a
      few seconds as there are always willing buyers and
      sellers.

      http://automatedstocktrading.blogspot.com/2007/10/forex-101-make-money-with-currency.html




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