Yearly Archives: 2012

The importance of strategy in Forex

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The first rule for success in the forex market is to have a good strategy and to follow it strictly. Few understand that to succeed in the Forex market, the trader must apply the right strategy given the market conditions. Your strategy should begin with how much money you are willing to lose. This may seem a pessimistic scenario, the end of the day the objective is to make money and not lose, but common sense tells you that the Forex market is a game. Continue reading

Know currency trading closer

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Though forex is the biggest financial marketplace in the world, it is comparatively unknown terrain to retail traders. Until the internet became popular few years ago, FX was chiefly the area of big financial organizations, MNC’s and hedge funds. But with changing times individual investors are more knowledgeable in this relatively grey area. Read on to find the most asked questions on foreign exchange. Continue reading

Why venture into foreign exchange?

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The foreign exchange market is the greatest financial business in the world that deals with trillions of dollars daily. What drives the industry is the constantly fluctuating currency conversion rate of this industry. Large banks and huge financial institutions do FX trading on a huge scale daily. Though this industry was not open to the public for a very long time unlike the stock markets, of late this sector has opened up to the general public. Continue reading