What is talking forex

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Talking-Forex provides up to the second audio information and real-time news headlines on all major economic releases and aspects of the FX market. You will never miss a market move again! The service is unique in that it is the only audio service available that is exclusively for FX traders.

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Answer

What is forex?

What is Forex? The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $5.1 trillion per day.*.

What are forex scams and how do they work?

These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers. Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.

Is your forex broker commingling funds or limiting withdrawals?

If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on. For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more.

How to check a forex broker before buying?

Conduct due diligence on the forex broker you’re considering by going to the Background Affiliation Status Information Center (BASIC), created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms.

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What is forex trading?

Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.


How often is forex traded?

Forex is traded 24 hours a day , 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies trade over the counter in whatever market is open at that time.


Tuesday, May 12, 2009

You’ve already made the decision to begin your career in forex day trading, but how do you go about choosing which forex day trading system to use? The good news is that choosing a strategy is the most difficult decision you have to make; the bad news is that only you can make this decision.


Forex Day Trading Systems and Strategies

You’ve already made the decision to begin your career in forex day trading, but how do you go about choosing which forex day trading system to use? The good news is that choosing a strategy is the most difficult decision you have to make; the bad news is that only you can make this decision.

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