Google
 

Saturday, December 15, 2007

Forex-Currency Trading

What is FOREX? Forex is a shortform of Foreign Exchange. With a trading everyday almost USD$3billion, it is a good platform to gain much money everyday. Forex was opened to public since 1996,5 days a week. There are no excuses for a public holiday.

For a beginner,one's should know what was make the currency moves up and down. Yes,exactly economic of the country is the main factors. The strengthen or weakness of the currency normally moves like their economic growth.

To make money with Forex trading,one's should know what is the best time to make a trade. There are 3 main timing that normally has a same movement on the forex chart that is United States,United Kingdom and Japan. This what we called Forex Open/Closed Market.

Before involved yourself into real forex-your real money,i suggest don't do that. Try your performance from a demo account first! Forex is a best place to make you becomes rich,but it also has a high risk to makes you banckrupt. Remember,try in on demo with high dicipline and perfect money management. 90% trader loss because they didn't have this attitude. When you are ready to trade in real,go on.

In order to be perfect trader,you should know what is broker. You should know who are the best broker,is it okay if u makes a deposit to them. Knowing them well before you makes a fund. Make a research on their spread,swap,either they allowed with scalping or not,etc. For more information about forex,how to make a profit,you can refer to my blog

No comments: