Post
· Views 84
What You Need to Know to Begin Trading Forex The forex (foreign exchange) market seems very opaque to the beginner trader, yet it offers many opportunities to make money. To begin trading forex, you must know how the forex market works as well as how successful forex traders achieve success in the markets. Among the unique features of the forex market is that it trades 24 hours a day. Unlike stocks, which are limited to national exchanges, currencies are traded on exchanges all around the world. This means that you can trade at all hours of the day. In addition, there are many currency pairs you can trade to make money, such as: USD/JPY – Buying this pair means going long the US Dollar, and going short the Japanese Yen. GBP/USD – Buying this pair means going long the British Pound and going short the US Dollar. CNY/USD – Buying this pair means going long the Chinese Yuan and going short the US Dollar. There are countless other currency pairs you can trade. In addition, the forex market has tremendous liquidity, which makes it suitable for large institutional investors looking to take gigantic positions.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

avatar

Hot

No comment on record. Start new comment.