Archive for January, 2012

What is Forex?

FOREX is the abbreviation for “Foreign Exchange”, which is also known as the currency market. The basic activity that takes place in Forex is the trading of one currency for another, which is one of the largest businesses of the world today.

Traders active In the Forex markets usually just opt for the basic transaction in which they get a foreign currency exchanged for the one that they want. These are usually owners of multinational corporations who have to pay wages ...

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Price action indicator?

Price action trading has become one of the most widely used methods by FOREX day traders as well as position traders worldwide. This popular forex trading approach, which is all about basing trading decisions on a clean price chart analysis with no indicators whatsoever, is often misunderstood by many. Although most, so-called, price action traders know that they should not use any lagging indicators, they are often not aware of the fact that they should also get rid of „time” ...

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