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The Basics of Forex Trading

Book Description

What you really need to know before trading FOREX--sorting through the myths and the misunderstood to better your odds of trading success!

The foreign exchange market, a.k.a. FX or FOREX, is a worldwide, decentralized, over-the-counter financial market that facilitates currency trading. There’s no exchange and no clearing or exchange guarantee. Created to simplify asset transfer, FX has become a hotbed of speculation. Some characteristics that make FOREX valuable to speculators also create a complicated, treacherous marketplace for those who aren't prepared.