The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$ 4 trillion. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar(EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
Saturday, May 7, 2011
Can you share one Strategy for a beginner to get started
Sure . One can place a “Buy Stop” and “Sell Stop” order simultaneously when the currency is going sideways this way if there is a breakout in either direction you make money.
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