Forex Live Trading (Français and English) NY session – April 1st 2021

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The value of Currency plays a vital role in this advanced era and can bring a huge profit or loss for you. The Forex Trading is a global business of currencies that is dealt on an international level.

Forex Trading is concerned with the foreign exchange market that is not a market of purchase and sale of any commodity on a specific place. It is prevalent in the whole world and all the dealings of currency are made through phone or electronic devices.

Forex is the short form of Foreign Exchange Market. It refers to the market where two business parties exchange their currency with each other with the mutual consent at a specific rate. It has got importance since early 70s when the floating exchange rate was introduced the international market.

With more business opportunities available online, people have started to invest differently in recent times. Age old investment in stocks, shares and bonds is gradually making way for the more volatile foreign exchange trading (Forex). Since the outlook is encouraging or so it seems to appear, some people are looking forward to foreign exchange trading as a potential income earner. Others are taking to it as an investment opportunity over the long haul. Hopeful of better returns they look forward to the future with a new confidence, be it their children’s college education or their dream home to retire in.

On January 14, 2013, CNBC predicted that this year would witness a currency war between nations, with more and more countries resorting to devaluing their currency in a bid to boost their economy. Most of us involved in the Forex market use some form of Forex software to making trading decisions. Yet, an informed decision can only be made when we have some grounding in what lies in store for the market.

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The reason many people are very keen to start learning forex trading is that it has many advantages over the “normal” kind of trading (stocks). One of these advantages is that the forex market is open 24 hours a day. The market is, indeed, open 24 hours a day, for 5 days a week.

When reading about forex trading, one of the first things you’ll learn is that this market is a bit different from the others. One of the many advantages of the forex market is that it’s a market open around the clock. At any time during the day between Sunday 2200GMT and Friday 2200GMT, you can trade.

If you are currently trading currencies in the Forex market, or are considering it, I’d like to help you not only to become a better trader but also to trade with a peace of mind by offering you this simple advice. Be a long-term trader with a long-term gain in mind.

Gold trading also is done the same way you do currency trading. Instead of buying currency you buy gold. In both cases there is no physical gold or currency involved.