Finding Your Way Around Forex Trading Plr Ebook

Ebook Table Of Contents

How to Get Started in Forex
Forex Basics
A Popularity Contest
The Forex Market
Before You Begin
All About Trends
Multiple Time Frame strategy
Normal Trading Strategies
Flags and Filtering
Rounding Off
Interest Rate
The Boomerang Effect
Scoring Big Gains
A Level Playing Field
Summing it Up

PLR Ebook Sample Content Preview

How to Get Started in Forex

Basically, Forex, or currency market or foreign exchange market, is a market wherein one currency is traded for another. Additionally, Forex is one of the largest markets in the world. The goal of some participants in the Forex market is to seek an exchange of a foreign currency for their own. A large part of the market is made up of currency traders, who speculate movements in the exchange rates, similar to others who speculate movements of stock prices.

Learning Forex

The investments placed on Forex markets normally deal with the four major pairs, namely EUR/USD, USD/JPY, GBP/USD, and the USD/CHF. These pairs are also considered as blue chips.

Additionally, the foreign exchange market is unique due to several aspects, such as: the trading volumes, extreme market liquidity, the large amount and variety of traders, geographical dispersion, 24-hour trading, the factors affecting the exchange rates, and the low margins of profit with other fixed income markets.

The exchange-traded foreign exchange future contracts were first introduced in the year 1972 at the Chicago Mercantile Exchange. Future volumes of Forex have grown rapidly in recent years, and accounts for about seven percent of the total Forex market volume.

From Stocks to Forex

Most traders in the United States are involved in stock trading. Within that environment, a trader who is following a trend for as long as possible would not have any difficulty in making money. The stock market is also a very forgiving market, which would bail out even poor traders. The only trick is to understand the difference between the good and the lucky. There are several talented traders who can falter when the conditions of trading become less then ideal.