Daily Archives: May 6, 2016

Now that you have considers trading the Forex markets, it might be a good idea to know what it is you are trading. The word Forex is short for Foreign Exchange. Known as the Forex market, FX, and Currency markets, what you are trading is the exchange rate between 2 currencies. Let’s look at an example of this. Let’s say you are traveling from the US to Canada. While at the airport you decide to change your 100 US dollars to Canadian dollars. In return for your US dollars you receive 100 Canadian dollars (this conveniently occurred when the two currencies are even). You tour Canada and finally it’s time […]

If you are still making up your mind to trading the Forex markets as opposed to stocks or futures or any other tradable market, I can give you a few reasons why I like the Forex markets. 1. 24 hour a day market The Forex markets open on Sunday 4pm EST and are open and tradable 24 hours a day until they close Friday at 4pm EST. You can fit a trading session in when it best suits your schedule. 2. High leverage The Forex markets offer leverage much better than the other markets. The US brokers offer 50 to 1 (50:1) leverage, while brokers outside the US you can […]

Hello there, I would like to take just a minute to congratulate you on your choice to learn more about trading Forex. The Forex markets are a wild and wonderful place to be, and if you are new to it, it can be also be very frustrating. I hope to help smooth out the bumpy road that lies ahead of you. If you have some experience with trading the Forex markets, you might find these few initial blog posts to be old news to you, but if you are new to trading, these posts will help to familiarize you with the markets. Whatever the reason is that brings you here, […]