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Saturday, July 25, 2009

TRADING FOREX

TRADING FOREX
The foreign exchange market (forex) a largely traded market with daily turnover of over 1.3 trillion daily, no wonder some of the world richest men took to the market.
Unlike the stock exchange market in the foreign exchange market (forex) there is the advantage of making profit when the market price is falling and when the market price is rising, this is not so in the stock market where profit can only be made when price is rising.
Little wonder many had been able to make huge profit from forex, but one thing is that has many are profiting from forex so also some are losing. The reason for this is that trading forex requires good training and without this one is bound to loose because the market is very volatile and it is this volatility that those making huge profit are taking advantage of. What I mean by volatility is that the price movement is so fast that within a twinkle of an eye executing the right trade is profit but a slight mistake could mean lose. Do not be afraid of trading forex you have the advantage of demo trading after you have gone through the training class, by demo trading I mean practising with a virtual account the money which is not real, you can do this till you are sure you can trade successfully a real account
Having got little information about what forex is like, you may be interested in trading the market but you do not know how to get this training stuff, depending on the country you reside you can look around for a professional trader to take you through the class but if you can get any you may visit www.babypips.com for an online class all you need to do is just that whatever you learn from this site you have to put it into practice on a live demo account you the class can never be like someone sitting you down to teach you.
Some of the things that may also enhance trading are getting trading signals www.forexpeacearmy.com and www.fxstreet.com you can also get the economic calendar from www.forexfactory.com and www.forexpeacearmy.com . You may also wish to trade using a robot its okay but there are some criteria to using it I will not discuss that.
To you residing in Nigeria I mean Ogun state but precisely Abeokuta you may contact me for a one on one class cdoffx@yahoo.com or 08053023004.
All the best.

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