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Forex Markets

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March 2nd, 2007 at 9:48am.

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Mar2

10 facts about Forex.

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1. FOREX(FX) is foreign exchange market. The Foreign Exchange market is a cash interbank market established in 1971 when floating exchange rates began to materialize. The Forex is larger than all other financial markets combined.

2. You can trade at Forex 24 hours a day.

3. More than 1 000 000 000 000 000 000.00 $ are traded every day in the FX market that’s why FX have a great market liquidity.

4. Forex market at the beginning was not available for small traders like you and me.

5. Sellers are ASKing for a high price. Buyers are BIDding at a lower price. The difference between the ASK and the BID price is the Spread .

6. There are 2 main analysis of Forex: Technical analysis and Fundamental analysis.

7. As a trader you use three types of orders: a market order, a limit order, and a stop order.

8. The U.S. dollar is major currency at forex.

9. 90% of the forex traders lose all their money in the first three months.

10. You must be really good trader to make 25% income month after month.



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