Forex Trading Introduction
Understand how Forex trading works. The Ultimate Guide.
Foreign exchange, popularly known as Forex Trading, ‘Forex’ or ‘FX’, is the trade of a single currency for another at a decided trade price on the over-the-counter (OTC) marketplace. Forex is definitely the world’s most traded market, having an average turnover of more than US$4 trillion each day.
Compare this to the New York Stock Exchange, that has a daily turnover of about US$70 billion and it is very obvious how the Forex market is definitely the largest financial market on the globe.
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This is an Introduction to the underlying principles of Forex Trading. Enjoy.
Many people have become very rich in the Forex markets. It is one of a few investment areas where an individual with limited capital can make extraordinary profits in a relatively short period of time. For example, Richard Dennis borrowed $1,600 and turned it into a $200 million fortune in about ten years. Nevertheless, because most people lose money. Forex trading has a bad reputation as being too risky for the average individual. The truth is that Forex trading is only as risky as you want to make it.
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