Besides, US dollar rates, for instance, are usually higher at selling and lower at buying outside the banks. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Simply put, Forex is the trading of global currencies and this is usually done in two ways namely over-the-counter and online trading. As its name implies, the over-the-counter option is done via personal transactions. This could either be done from bank to bank or from money changers.
Actually, some pawnshops in the country even do foreign exchange. Moreover, global money remittances are also available via services such as Western Union, Xoom, Money Gram and others. Obviously, this one requires the use of online tools accessible from the internet. You can use Forex online trading platforms for your transactions. In this video, I demonstrate a recent bullish trade opportunity in the crude oil market. There was a large weekly gap to the down side, followed by a nice 4 […].
This was against momentum so we had to play this one like a counter trend price action trade. I use basic price action market analysis […]. A nice bearish price action setup forms inline with […]. This was a good opportunity to show aspiring price […]. Daily currency fluctuations are usually very small. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements.
In the retail forex market, leverage can be as much as Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity , foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders. Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders.
Positions can be opened and closed within minutes or can be held for months.
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