Profitable Forex Guide: Your Guide To Forex Trading Profits Plr Ebook

Table of Contents

4 The Basics of FOREX Trading
7 Reasons To Trade In The FOREX Market
12 Getting Started In The Exciting World Of Forex Trading
16 Overview of Basic FOREX Strategy
18 An Introduction To Forex Charts
28 Forex Charts, Technical Indicators, and Trading Systems
36 An Introduction To Trading Forex Without Indicators
39 Determining Your Strategy
40 Forex Spread Basics
43 Tips For Trading Forex Successfully
51 More Rules Of Thumb for Successful Forex Trading
56 In Conclusion

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The Basics of FOREX Trading

What exactly is FOREX trading? Put simply, FOREX trading is the buying and selling of international currencies. Traditionally, participation in the FOREX market was confined to major banking and trading institutions. But in recent years, technological developments have opened up this once exclusive arena to smaller companies and even individuals by allowing them to trade currencies online.

The world’s currency rates are not fixed. They follow a floating exchange rate and are always traded in pairs— EuroDollar, Dollar/Yen, etc. Most international transactions are exchanges of the world’s major currencies.

When it comes to Forex trading, there are a number of major currency pairs. : Euro v. US dollar, US dollar v. Japanese yen, British pound v. US dollar, and US dollar v. Swiss franc. These currency pairs are considered major in comparison to the other currency pairs because of their trading volume.

In the FOREX market, these relationships are shortened: EUR/USD, USD/JPY, GBP/USD, and USD/CHF. They may also be listed as follows (without the slash): EURUSD, USDJPY, GBPUSD, and USDCHF

Below is a chart of 4 currency pairs clearly illustrating their relationship to each other…