XE Currency Rates
Foreign exchange is an Over-the-Counter market, meaning that OTC stocks are not traded on the stock exchange, and they therefore have no reporting requirements. In simple terms, OTC contracts are nothing more than two parties agreeing on how a trade will be settled. Forex, the the foreign exhange market, is one such OTC contract, in which brokers deal directly with each other.What Is an E-Currency
This is money in an electronic form, based either on ounces of gold or on fiat currencies. A truly global and borderless world currency system, it allows instant transfers between accounts; payments are instantaneous and non-refundable.Forex Hanging Man Strategy
This is a quick look at my Hanging Man Strategy that I use in the forex market. It’s a great setup that’s easy to spot and can easily make a nice profit. All my Forex Strategies use price action, no cluttered screen full of indicators, just nice easy price action. Lets talk about how this trade sets up.What Is The Forex Market? How Do I Trade It?
So you recently heard someone talking about forex, or maybe you read something in the paper or seen it on T.V. So what is the Forex Market anyway? How come I’ve never heard of this before? Does anybody make money in this market? These are all great questions so let’s start answering a few.What Do You Trade In The Forex Market?
The answer to that question is easy, Money! That is all you are trading in the forex market, cold hard cash, its just in different currencies. Pretty simple right?The US Dollar Is King of the Currencies
The forex market is different from regular financial markets because it has no physical location and no central exchange. The market is run electronically 24 hours a day through a network of banks. This style of market is call Over-the-Counter (OTC), or Interbank because the market is ran throughout major banks across the globe. With no central location to trade from forex trades can take place anywhere in the world, even from your computer!Three Main Types Of Market Analysis
There is three main types of market analysis that can be applied to pretty much any market. They are Technical Analysis, Fundamental Analysis, and Sentiment Analysis. People argue over which type of analysis is better but in reality they are all needed to get a larger picture of the market.Popular Forex Charts
In this article we will take a quick look at the most popular forex charts to trade from. Each chart has different way to display the price of the market. The top charts include line charts, bar charts, and candlestick charts.