Currency Trading, make money on the Foreign Exchange spot market

Whilst browsing on the internet we discovered that the explosion in trading of financial assets (stocks and bonds) has reshaped the way analysts and traders look at currency trading.

Anyone can learn currency trading and have the potential to make big gains. This point was graphically illustrated by the Turtle traders experiment in 1983, when a group of people with no previous trading experience was trained in two weeeks to trade the markets. They went on to make $100 million in just 4 years.
As we noted above, the average daily volume in the global forex and related markets is continuously growing, it went from around $2.5 trillion a day to currently over $3.5 trillion in daily volume.

Market cycle analysis looks at longer-term price trends that may rise from seasonal, economic or political trends. Experts combine this analysis with technical analysis to predict accurately and expect changes in the currency exchange trade. Technical analysis can give you a specific strategy for a trade, including entry and exit point timing and where to place your stops. Technical analysis requires less time to learn than fundamental analysis, and works well for shorter trends and individual trades.

Currency trading is appropriate for people who have a good financial condition and are also willing to suffer the losses. Currency trading is now within reach of the small-time private investor. As the fate of the US dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing a lot of interest and a growing following among traders in the United States. If you have a real desire to succeed and are prepared to learn currency trading the right way by getting the right forex education, you can build significant profits. While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend to achieve any success.



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Currency Trading constitutes the world's largest market consisting of over $3.5 trillion in daily volume. As investors become more interested and more proficient as well, this market continues to grow at an amazing rate.
With current online currency trading software, traders are able to access the markets from any personal computer connected to the internet. The online foreign currency trading market is almost entirely a foreign exchange "spot" market where one type of currency is exchanged or traded for another type of currency.
Currencies are traded through a Forex broker that quotes currencies in pairs represented by 3 letter codes, for example (EUR/USD). This means that currencies are bought and sold in pairs. Currencies trend and this is what attracts forex speculators who want to lock into these trends and run them for profit. Foreign exchange market conditions can change at any time in response to real-time events.