How to trade in currency market?

Learning to Trade on Forex Market
in doc Please, don’t believe the popular opinion that Forex trade is not for everyone. In reality, any person is able to register an account – either real or test one. However, if you want to achieve success in Forex trading, you will have to study a lot of books, get some mathematical knowledge, and pass the first course of psychology. However, it is still very easy to learn Internet trading and profit from the currency exchange.

You have to understand that the books and articles that you have studied are very useful, but any theory should be applied to practice. In order to do so, you can open a test account in any dealing center and brokerage company. There are many of them online. If you don’t know what a test account is, don’t worry. It is easy: actually, it’s a free Forex account where you aren’t investing the real funds. However, it allows you to try all possible options for market analysis, execute the transactions and try to make the unreal capital. So, if you forget that you are operating with the unreal funds, you can see a real cost curve movement.

In order to get started, you will need to choose a currency pair. The simplest choice is EUR/USD pair, as it can allow you to practice with statistical calculations and analysis

Source: financial services

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Don't be so naive. 12 years ago Iran started

2012-02-13 06:52:32 by jujyiui

Moving away from the US ollar. This article from 2000 gives some insight...

The US and Eurasia: End Game for the Industrial Era? by Richard Heinberg
In November 2000, Iraq announced that it would cease to accept dollars for its oil, and would accept instead only euros. At the time, financial analysts suggested that Iraq would lose tens of millions of dollars in value because of this currency switch; in fact, over the following two years, Iraq made millions. Other oil-exporting nations, including Iran and Venezuela, have stated that they are contemplating a similar move. If OPEC as a whole were to switch from dollars to euros, the consequences to the US economy would be catastrophic. Investment money would flee the country, real estate values would plummet, and...

How to trade in currency markets  — Business Line
By including currency in their portfolio, investors can reduce the overall volatility to an extent and increase returns. While using money to buy and sell comes naturally to us, the thought of buying and selling money (currency) itself seems alien.

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