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How Read To Read Forex Price Charts?

Forex Price Charts, what DO they mean and HOW to use them?  Important numerous facts as discipline, trading rules, not being greedy etc., but one of the most important things is:  LEARN to read the charts as Charts represent the lifeblood of the market.  I admit that reading charts, and interpreting patterns, are more an art than a skill. Base and apply your entry and exit decisions on YOUR OWN combined methods of technical and fundamental analysis.  FOREX charts, are easier to interpret and to use. They reflect a slower moving, stable economy of a country, compared to the stock market, with its daily drama of company reports, Wall Street Analysts and shareholder demands.  Unlike stocks, currency charts do not spend much time in trading ranges and have the tendency to develop strong trends. Furthermore, Forex with its 4 Mayor currencies is easier to analyze than tens of thousands of stocks.  (Mayor currencies are: USD/JPY, EUR/USD, GBP/USD and USD/CHF)...

10 Reasons To Start Trading Forex!

More and more well informed investor and entrepreneurs are diversifying their traditional investments like stocks, bonds & commodities with foreign currency because of the following reasons: 1) FOREX is the largest financial market in the world. With a daily trading volume of over $1.5 trillion, the spot FOREX market can absorb trading sizes that dwarf the capacity of any other market. In fact, when compared with the $50 billion daily market for equities or the $30 billion futures market, it becomes quickly apparent this gives you, and millions of other FOREX traders, almost infinite trading liquidity and flexibility. 2) FOREX is a True 24-hour market. The FOREX Market never sleeps.  Trading positions can be entered and exited at any moment around the globe, around the clock, 5.5 days a week. There is no waiting for an opening bell as in the case of trading stocks. It is a 24- hour, continuous electronic (ONLINE) currency exchange that never closes. This is very desirable for y...

Why is FOREX trading so popular?

Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection). If you have or like to travel, take your laptop with you and you can trade the FOREX anywhere in the world where you have an Internet connection. When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license or a proof of how many hours you have spent studying the Foreign Exchange Market and/or Banking Industry. FOREX Trading is Economical and Start-up Costs are Low! You can open an account to trade Forex with as little as US$ 200 at he most brokerage firms. I personally do recommend Fenix Capital Management, LLC, which offers a state of art Trading platform, that allows you to place orders directly by clicking on the chart.  The Main Benefits of Trading the FX Spot Market are: YOU don't pay commissions or fees! YOU can trade 24-hours a day ! YOU can trade up to 400:1 Leverag...

The Role of Central Banks in The Banking Situation

Central banks are a new invention. The President of the United States (Andrew Jackson) even abandoned a bank in the 19th century because he considered it insignificant. But things have changed since. Today, the central bank is the most important financial institution in many countries of the world. Central banks are an unusual hybrid. Some functions are similar to similar companies. Other characteristics are specific to medium-sized banks. You have a legal monopoly on certain features. Intermediary banks receive deposits from other banks and, in some cases, from foreign governments (such as the US Federal Reserve) that hold foreign currency and gold. Banks invest in the country's currencies while trying to create capital similar to the market value of its customers. The central bank still holds the national gold reserves. Most central banks attempted to pull gold as gold prices continued to fall. The bank has seen significant gains in this work, as gold is on the books for its hist...