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7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets by Grace Cheng

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PART ONE: TRADING FOREX

Forex (or FX) refers to the foreign exchange markets, where currencies are traded. It is the biggest and fastest growing financial market in the world, with an average daily turnover of almost $2 trillion – many times the total traded volume of the US stock exchanges.

The forex market consists of a worldwide wired network of buyers and sellers of currencies, with trading all done over-the-counter (OTC), which means that there is no central exchange and clearinghouse where orders are matched. If you are looking for 24-hour action, you can find it in this global trading system, where no physical barriers exist and activity moves seamlessly from one major financial centre to another.

A reason why there is a veil of mystery ...

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