Volatility, or the tendency for fluctuation that can affect your earnings within the stock market, is typical within a domestic market but even more evident and much stronger on the Foreign Exchange Market. What factors affect the value of currency on Forex, and is there any way to control this?
Forex or FX is the nickname for the Foreign Exchange Market in which currencies are traded or a market where participants buy, sell, and exchange trillions of dollars worth of currencies daily. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world. There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The foreign exchange market is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals.
So far we have looked at the main types of mistakes that cause so many traders to fail. Essentially what’s been covered is a series of bad decisions which result in losses most of the time. Your task as a “soon to be good trader” is to recognize when you are at the decision points and make easier to make agood decision. After enough practice making good decisions becomes automatic. To understand and recognize your decision points it’s helpful to know what’s motivating those decisions – the underlying causes of trading failure:
Forex imply an elevate level of risk which might be not suitable for all investors. Leverage generate further exposition and loss risks. Before to take decision of trading forex, consider carefully yours investment objectives, expertise level and propensity to risk. Past performance is not indicative of future results. Your starting investment might be lost partially or totally. Don’t invest money you cannot afford to lose.
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