Friday, March 20, 2009

Learn Forex Trading

Learn Forex (Foreign Currency) Trading ? Why should you learn forex ? I myself make a lot of money from forex. Forex is the largest money market in the world. There is always an opportunity for you to make money. No matter how hard the competition is. The part I love most is you can earn unlimited profit in forex.
LearnForexPro.com will teach you step by step guide how to make money in forex world and how to trade forex like a pro. First thing to do is read our forex trading basic, tutorial, and guide. Understand it. Use our trading strategy and system (or you can use your own), get used to trade forex, and start making money !

Why you should consider forex (Currency) trading as your primary business ?
  • In forex trading, you decide when you want to work, how long you want to work, and how much money you want to make (You are the Boss)
  • Forex trading requires limited equity and the yield could be unlimited
  • You can make money anywhere (as long as you are connected to internet) and anytime (forex market opens 24 hours a day, 5 days a week).
  • You can maximize your profit and limit your loss.
  • You will have a big probability to become financially freedom by trading forex. All you need to do is read this website for forex tutorial and guide, find your own profitable trading system (or use ours) and repeat making profit by your own trading system.
What is Forex Trading ?

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks


When is the time to trade forex ?

Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends.
The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.


What are commonly traded currency pairs (Majors) in forex trading ?

Majors are the most liquid and widely traded currency pairs in the world. Trades involving majors make up about 90% of total Forex trading. The Majors are: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and USD/CAD.


GBP/USD is the only currency pair with its own name. It is known as "Cable" but there are also lots of abbreviations for other currency pairs such as


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