Find out more about spread betting. Some commonly traded forex pairs (known as \u2018major\u2019 pairs) are EUR\/USD, USD\/JPY and EUR\/GBP, but it is also possible to trade many minor currencies (also known as \u2018exotics\u2019) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider. All forex trades involve two currencies because you’re betting on the value of a currency against another. Think of EUR\/USD, the most-traded currency pair in the world.<\/p>\n<\/p>\n

He is one of the richest day traders alive today, with a net worth at $4.5 billion as of 2018. Born in 1954, Jones earned a degree in Economics from the University of Virginia, in 1976. He actually started his career as a clerk on the trading floor. A list of the best forex traders in the world is incomplete without the mention of Andrew Kreiger.<\/p>\n<\/p>\n

Crossover periods represent the sessions with most activity, volume and price action. Volatility is the size of markets movements. So, firm volatility for a trader will reduce the selection of instruments to the currency pairs, dependant on the sessions. As volatility is session dependent, it also brings us to an important component outlined below \u2013 when to trade. Precision in forex comes from the trader, but liquidity is also important.<\/p>\n<\/p>\n

I must say that your longer time frame approach really has helped me improving my results, since i have adopted your style of Forex trading as much as possible. Brgds and thx.<\/p>\n<\/p>\n

One of the underlying tenets of technical analysis is that historical price action predicts future price action. Since the forex\u00a0market is a 24-hour market, there tends to be a large amount of data that can be used to gauge future price movements. This makes it the perfect market for traders that use technical tools. Most retail investors\u00a0should spend time investigating a forex dealer to find out whether it is regulated in the U.S. or the U.K. (dealers in the U.S. and U.K. have more oversight) or in a country with lax rules and oversight.<\/p>\n<\/p>\n

Forex Trading<\/h2>\n<\/p>\n

Currencies on the Forex always come in pairs. As the value of one of the currency pairs rises, the other falls. Most beginning traders should trade only the most-widely traded currencies, such as the U.S. dollar (USD), the British pound (GBP), or the Euro (EUR) because they are the most liquid and have the smallest spreads. The spread\u00a0is the charge that the trading specialist, effectively a middleman, charges both buyer and seller for managing the trade.<\/p>\n<\/p>\n

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What is Forex Trading<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[548],"tags":[],"_links":{"self":[{"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/posts\/5174"}],"collection":[{"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/comments?post=5174"}],"version-history":[{"count":3,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/posts\/5174\/revisions"}],"predecessor-version":[{"id":11230,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/posts\/5174\/revisions\/11230"}],"wp:attachment":[{"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/media?parent=5174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/categories?post=5174"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/oceanclean.co.uk\/wp-json\/wp\/v2\/tags?post=5174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}