Thursday, May 23, 2013

Guide to Online Forex Trading eBook

Download Guide to Online Forex Trading eBook!Trader Start Trading and Making M re on x e y T in r F a o d re i x n g If this is your first time coming across the online Forex market, then you have come to the right place! This guide will provide you with the basic knowledge and tools and techniques a novice Forex trader should have as you take your first steps in the fascinating world of Forex Guide to Online Forex Trading Index Use the following index to navigate your way around the guide. Introduction: Why Forex? 3 Profitability 4 Cashing in on Price Movements 5 The

Trend is Your Friend 7 Use of Leverage 10 A simple Trade Example 11 Hedging Risks and Rewards 12 The Quest for Volatility 13 Money Management 14 Glossary of Terms 17 2 Guide to Online Forex Trading Introduction: Why Forex? If you are reading this guide, you have most likely taken some sort of interest in the Forex market. But what does the Forex market have to offer you? Accessibility – It’s no wonder that the Forex market has the trading volume of 3 trillion a day – all anyone needs to take part in the action is a computer with an internet connection. 24 hour Market – The Forex market is open 24 hours a day, so that you can be right there trading whenever you hear a financial scoop. No need to bite your fingernails waiting for the opening bell. Narrow Focus – Unlike the stock market, a smaller market with tens of thousands of stocks to choose from, the Forex market revolves around more or less eight major currencies. A narrow choice means no room for confusion, so even though the market is huge, it’s quite easy to get a clear picture of what’s happening. Liquidity – The foreign exchange market is the largest financial market in the world with a daily turnover of just over $3 trillion! Now apart from being a really cool statistic, the sheer massive scope of the Forex market is also one of its biggest advantages. The enormous volume of daily trades makes it the most liquid market in the world, which basically means that under normal market conditions you can buy and sell currency as you please. You can never be in a jam for currency to buy or stuck with currency that you cannot unload. The Market cannot be cornered – The colossal size of the Forex market also makes sure that no one can corner the market. Even banks do not have enough pull to really control the market for a long period of time, which makes it a great place for the little guy to make a move. Click here to open a free ICM practice account and join the Forex market today! 3 Guide to Online Forex Trading Profitability It doesn’t take a financial genius to figure out that the biggest attraction of any market, or any financial venture for that matter, is the opportunity for profit....

Website: www.icmtrading.com | Filesize: 298kb
No of Page(s): 19
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