foreign exchange

Forex is abbreviation of “foreign exchange”. The Forex trading market is the only market where currencies of nations are bought and sold round the clock. The Forex market was dominated by large institutions like banks and brokerage firms for several years. But from last few years, Forex market had experienced a major change because of growing numbers of private investors and traders.

Here are some interesting facts about Forex trading:

• According to Howard Abell, the Forex trading system is the system which gives the trader ability to control his or her emotional states instead of allowing him to control them. A Forex trading system is a disciplined method for organizing dynamic, ever-changing market phenomena.
• Most liquid market in the world is Forex market, thus making is easy to trade most currencies.
• There are no commissions on the Forex deals which you make, unlike equities or future traders. [click to continue…]

Tagged as: ABN AMRO, Australian dollar, Barclays, British pound, Canadian dollar, Citigroup, Deutsche Bank, emotional states, euro, Facts, foreign exchange, Forex analysis, Forex trading, fundamental analysis, Goldman Sachs, Howard Abell, HSBC, J.P. Morgan Chase, Japanese yen, market phenomena, Merrill Lynch, Morgan Stanley, Swiss franc, technical analysis, UBS, US Dollar

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