Wednesday, April 22, 2009

International Money Market

Trading forex is one of the worlds largest business in the world. This infact is the only market which is open round the clock starting from sunday 5pm EST to Friday 4pm EST. EST stands for eastern standard time which is the official time clock of United States of America. Many professional traders prefer to trade in forex instead of stocks and commodities because of its timing. Another reason could be the market is two way. This is a comparison of one currency to the other. Two currecies make a pair. When it is a pair the trade takes place. For Example Great Britain Pound (GBP) and US dollar (USD) form a pair GBP/USD. When GBP gets stronger because of some technical or fundamental reason against dollar the currency pair moves up. When US economy takes a lead against UK and GBP weaken against USD, the graph of the movement of pair stalls. Traders either buy or sell the pair depending upon their speculations and analysis. At present their are thousands of strategies and indicators which are being used to make the best of analysis to make money through forex. Similarly there are thousands of comments exist about this market. They all depend upon the good and bad experiences of the trader. In this web site you will find what makes a trade successful and what happened when it goes other way round.

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