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    A Brief Outline of the Different Types of Forex Trading

    A Brief Outline of the Different Types of Forex Trading There are four major types of forex trading systems: scalping, swing trading, day trading and longer term trading. Different trading systems depend on the duration and timeframe of time the trade will be open for. Day trading, which is one of the simplest, is most likely the chosen trading strategy by new forex traders. Forex speculation is done in pairs such as USD/CAD or GBP/USD/CHF. The pairs are selected to have enough volatility to be able to fluctuate, either up or down, without causing excessive loss. These particular pairs represent currencies that are bought and sold by traders on the…

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    What Are the Benefits of Economic Calendar?

    What Are the Benefits of Economic Calendar? An economic calendar is used mainly by traders to track market-driving events, including government policy pronouncements and economic indicators. Such market driving events, which are most often released or announced in some sort of report, carry a great potential for influencing the foreign exchange markets. The potential for such changes to occur largely depends on the policies adopted by respective authorities, as well as the prevailing economic circumstances at the time. There are various ways traders can use the economic calendar in their trading activities. One of these ways is to use it to predict when certain market-trend indicators will appear. In other…

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    Forex Trading Platform and Customer Service

    Forex Trading Platform and Customer Service Spot forex trading is essentially a method to trade on forex price movements which involves predicting the direction in which a particular form pair is going to move. The more it moves in that direction the better your profit. The more it moves away from that direction, the less you loss. This is done through a process of fundamental analysis and technical analysis. There are many different ways to open an account with online forex broker firms such as Forex Capital Markets. Some of these may seem obvious, but many others may seem a little shady. When you go to their website and enter…

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    What Is an Economic Calendar?

    An economic calendar is utilized by traders to track currency–market-moving trends, including central bank policy moves and economic indicators. Economic reports, which are generally released in some form by the government, have a reasonable chance of influencing the foreign exchange markets. The purpose of this type of calendar is to give traders and other market participants a well-defined overview of economic activity through various time frames. For example, the foreign exchange trade (forex) market can be gauged through data released every six months. One advantage of using an economic calendar is that it provides for a relatively constant measure of the movement of currency prices. A six month period provides…

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    Strategies Used By Successful Forex Traders

    The forex trading is an online foreign exchange market which decides foreign currency rates for each currency exchanged. This market involves all aspects of purchasing, selling and trading currencies in current or decided prices. It is the biggest trading market in the world and every day millions of dollars are traded. Most of the traders are large companies, banks and individuals. However, there are also small-time traders who also trade in this market. It is considered to be a high risk investment. Forex trading is usually done as a short position in a bid to earn more profits in the process. The trader buys a certain amount of currencies and…

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    The Economic Calendar – An Overview

    An economic calendar is employed by investors to track global economic activity, including government and central bank decisions, economic indicators and other monetary policy instruments. Market-moving economic events, which tend to be formally announced or issued in some news media, carry a high risk of influencing future market activity. Therefore, an investor should keep a close eye on these reports. An economic calendar contains many columns with the date in each. The numbers denoted in each column give the gross domestic product (GDP), a key economic indicator. In addition, the column headed ‘GDP growth rate’ gives a prediction of the overall economic performance over the next twelve months, based on…

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    Economic Calendar – An Important Tool for Market Economists

    An economic calendar is used daily by investors to track market-moving developments, including economic indicators and governmental policy choices. Market-moving events have a high likelihood of affecting the global economy. Businesses tend to move their assets and investments along with trading, cutting their working capital short term. The reduction of corporate cash resources leads to slower investment growth. In addition, during times when economic indicators are weak, financial institutions continue to tighten credit standards for lending. Economic Calendars helps investors and policy makers to assess the state of the global economy. The main indicators are interest rates, consumer price indices, gross domestic product (GDP), employment, industrial production, and other economic…

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    Advantages of Opening a Currency Trading Account

    Advantages of Opening a Currency Trading Account Forex trading is the biggest, liquid financial market in the entire world with an estimated daily trading volume of more than $5 trillion. All of the world’s financial markets do not even come close to that. But what else does it mean for you? Take a deeper look at forex trading itself and you might be surprised by some exciting trading possibilities unavailable with other investment options. Every trader understands how FX works. The difference between the bid and ask spread on one currency in a Forex trade is what determines the difference between your initial margin deposit and the final destination balance.…

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    Using Economic Calendar Applications To Make Best Trading Decisions

    Using Economic Calendar Applications To Make Best Trading Decisions An economic calendar, also known as a macroeconomic calendar, is used by traders to track international market-moving developments, including key government economic policy decisions and other economic indicators. These include indicators such as gross domestic product (GDP), interest rates, employment, market prices, and other economic indicators. International market trends are closely watched by traders and investors. Economic calendar forecasts the changes in these indicators, which can affect a trader‘s decision to enter or exit a particular market. Forex market makers use an economic calendar to examine various indicators of market conditions. To do this, they compare changes in the time periods…

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    How to Trade Forex Via the Internet

    How to Trade Forex Via the Internet Are you a beginner in forex trading? Or are you a seasoned but looking for some ways to increase your income? Both! If you are a beginner, you need to start with a forex trading account. Forex trading is the largest and most liquid financial market in the entire world, with an estimated daily trading volume of more than $5 trillion. All of the international stock exchanges do not even come close to that. But what does it mean for you? Take a deeper look at forex trading, and you might just discover some very exciting trading opportunities otherwise unavailable to others. You…