Forex markets deal with foreign currencies. By foriegn currency we mean currencies that are not your national currency. If you are an American, then the USD is your currency. Any other currency other than the US dollar is foreign currency.

Because countries trade with each other, they pay each other in their currencies, or generally on an agreed currency. This trade of currencies goes on through the day and night, and throughout e (more…)

The Foreign Exchange Market – better known as FOREX – is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars).

In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.

The Foreign Ex (more…)

Only a scant ten percent of the players in the forex market end up to be profitable. Majority of those who trade in the forex market fail to see any money from their trends simply because they are not picking up the right forex market signals. In a highly volatile market, it is important to understand trends and patterns and establish your support and resistance levels to make profits. As opposed to having a set foreign exchange trad (more…)