FOREx IS TRADING IN FOREIGN CURRENCY. Foreign currency trading gives us the opportunity to participate in the worlds’ largest and most liquid market .more than 2-4 trillion us dollars exchange hands daily.
Note this no single event, individual or institution can rule this market due to its large liquidity. Traders see very large profits from trading in this market but always remember that the market is highly speculative and volatile,( while you can make a lot of money on forex ,you can also lose a lot on forex trade.)
Develop your own strategies for trading and test those strategies using demonstration accounts before you start forex trading your own money. Remember, though, you should never trade forex unless you are using money you can afford to lose; forex is a high –risk endeavor.
In my book I have grouped the lessons as follows: -
1.”EXPLORING THE WORLD OF MONEY,” looks at why you should consider trading forex, Then delves into how forex got started and introduces you to the language of money,you will find the resources for how to follow the money money in daily news reports.
2. DECIPHERING MONEY DIFFERENCIES. Gives you the opportunity to learn why the currency values change and how the foreign exchange market work. You will also learn the safest currencies to trade-currencies of the developed world (majors) and upcoming economies (exotic currencies-this is emerging nations whose currencies may be worth considering once you understand the foreign currency market), its risks and how to trade in it.
3. TRADING BASICS: INTRODUCES YOU TO WHAT NEEDED TO TRADE. Computer hardware and software, internet. Introduces you to the basics of technical and fundamental analysis to help you research your potential trades, then you explore the various risks you must take in order to trade in the forex,
] 4.TOOLS FOR TRADING: Explores how you can develop your own money strategies, as well as basics for actually placing your trades. Information about forex mini accounts. Also alert to avoid getting caught up in forex fraud.
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