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Five Things You Must Know if You Are Considering Forex Trading

The Forex market has been around since the creation of man. People always traded their own currency for others, but their currency was not in the form of coins or bills, rather commodities such as food, animals, or other natural resources. Since the creation of modern money, people were always trading one currency for another. Coming back to modern times, the world's major financial institutions began to trade currencies of the different countries amongst themselves. Then, in the mid 70's, the retail Forex market was born, allowing non commercial players to trade Forex. However, the most significant change to the Forex industry came in 1996 with the launch of the online Forex trading world.  As of now, the online Forex world is growing at a very rapid rate, and new brokers are opening shop daily. Unfortunately, as I have written on many occasions, the Forex industry is headed down the wrong path judging by its reputation. If you ask a random person, who knows nothin
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What is forex and how does it work?

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What is forex and how does it work? Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion. Take a closer look at everything you’ll need to know about forex, including what it is, how you trade it and how leverage in forex works. What is forex trading? Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction. While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extr
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