10 Steps to Getting a Great Broker When Trading Forex

  • Fri 12th Oct 2018 - 6:28am
    Automated FX trading programs have been used for a Renegade Crypto Club Review few years now. When they first arrived on the scene, they had some problems. Now that the bugs have been worked out of these software trading programs, they can now be used as a way to become a serious FX trader. The Foreign Exchange Market, also known as the Forex or FX Market, is the oldest, largest, and most liquid in the world. It's where most of the world's most common currencies are traded 24 hours a day. Knowing how to do Forex market trading can be extremely rewarding. This market is far larger than the stock market or the futures currency market. Actually, the futures currency market is only 1% as large as the Forex market. This is great for short term traders as liquidity is extremely important to make fast, short term trades. So what happens day in and day out on this market? Currency pairs are traded back and forth. The currencies from one country are exchanged for a currency from another country. Example of pairs are EUR/USD, GBP/USD, USD/JPY. Most of the trading occurs with a handful of currencies from six countries. More than 80% of the volume traded on the Forex market is with the US Dollar, British Pound, Canadian Dollar, Japanese Yen, Australian Dollar, and the Swiss Franc.

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