To be profitable in today's world technology and advancement, one must be proficient and reading and more importantly understanding Chart Patterns and basic Technical Indicators.Below is just a few basic points to help your understanding of Technical Analysis and Currency Chart reading.55NA6SQ6T7N4
• 24-hour trading, 5 days a week with non-stop access to global FOREX dealers.
• An enormous liquid market making it easy to trade most Currencies.
• The ability to Profit in rising or falling markets.
• Leveraged trading with Low Margin requirements.
• Protect your revenues from Foreign Currency transactions by hedging against exposure to adverse rate movements.
• Trading Forex has much lower transaction costs than other investment products, a very important point for active traders.
• The FOREX market is so vast and has so many participants that no single entity, even a central bank, can control the market price for an extended period of time.
• Trading using an easy & fast Platform.
• All transactions are over the counter (OTC) that there is no specific location for the market.
• The Market affected only by the supply & demand.
• Real time Charts.
The purpose of this overview is to introduce the Forex Market to you. As with many Markets there are many derivative of the central market such as futures, options and forwards. In these tutorials we will be discussing the main market sometimes referred to as the Spot or Cash market.The word "FOREX" is derived from the words Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX Market is open 24 hours per day and has an estimated $3.2 Trillion in turnover every day.
