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Getting Started in Currency Trading, + Companion Website: Winning in Today's Market, 4th Edition by Michael Duane Archer

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Chapter 11

The FOREX Marketplace

Introduction

YOU ARE HERE—While you work with your demo account, learning the mechanics of the trading platform and order entry, you may take a break and consider the many helpful products and services available to the retail FOREX trader.

The rapid expansion of retail FOREX trading has spawned a large online marketplace of products and services. The popularity of third-party trading platforms integrated into brokerage services has eliminated several of the categories of previous editions. “Managed FOREX” now gets its own chapter in Part 6.

Sorting through this vast labyrinth of information is a daunting task; services come and go rapidly, changes and upgrades are frequent, and the sheer volume is constantly increasing. Most of the material may be divided into these categories:

  • Portals and forums
  • Broker-Dealer reviews
  • FOREX education
  • News and calendars
  • Management tools
  • System development tools
  • Data services
  • Advisory services
  • Periodicals—in print and online
  • Fun stuff

The selection and reviews in this chapter are intended as a sampler of what is available. The inclusion of a website should not be considered a recommendation of it, and the exclusion of another should not be considered disapproval. Space is limited. My editor works on a one-martini-lunch budget, and I am reminded of it constantly. Reviews of all the services now offered would require a complete book—a large one. I have generally omitted categories not pertinent to beginners whose ...

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