Traditional Technical Analysis in Forex? Of Course!

By Brian Berry

If you're thinking you cant apply simple technical analysis to forex I've got news for you. It's simple, in fact it's so simple, after watching this free forex video, you'll be more than capable of spotting the trend in forex for yourself in seconds.

This video is great because it shows you how to do something you may have thought was hard. It makes it very easy to understand how to identify the trend in forex in the easiest way possible. We will look at three cross-rates and I'll show you how to correlate them to determine the trend. I promise, it's that simple.

Forex is the largest and most dynamic market in the world and it operates twenty-four-seven. INO Market Club brings this market to you in charts and prices in real-time. This latest video on forex will show you how easy it is to trade the forex market and most importantly how to spot a price trend in the forex market.

About Forex - Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world.

With the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined.

Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another.

The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes.

Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets. - 31876

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