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Getting Started: Self-Traders

By James King
eBook
$4.97
By James King
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How does Forex works?
Currency exchange
Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD
Price changes are displayed in pips, so making or losing money depends on pips. For example i...

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