What is the Forex Trading ?

What is Forex?

     If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet (if you're a dude) or purse (if you're a lady) or man purse (if you're a metrosexual) into the currency of the country you are visiting. 

    You go up to the counter and notice a screen displaying different exchange rates for different currencies. You find "Japanese yen" and think to yourself, "WOW! My one dollar is worth 100 yen?! And I have ten dollars! I'm going to be rich!!!" (This excitement is quickly killed when you stop by a shop in the airport afterwards to buy a can of soda and, all of a sudden, half your money is gone.)

    When you do this, you've essentially participated in the forex market! You've exchanged one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you've sold dollars and bought yen.Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed. It's these changes in the exchanges rates that allow you to make money in the foreign exchange market. (babypips.com) Read more..

Daily Forex Trading Commentary by Nial Fuller

Trading Setups / Chart in Focus:

XAUUSD – Spot Gold bullish pin bar from key support
The spot Gold market has finally made its way down to the key support at $1635.00 – $1625.00 area and we can see that a significant rejection occurred there today as the market formed a pin bar reversal signal after hitting a low of $1625.00 today. Next week, we could see higher prices from today’s long-tailed pin bar and given the significance of the support it rejected it could potentially be a significant turning point in the Gold market. However, given the long-tail of today’s pin and that it didn’t really protrude from the surrounding price action very much, anyone looking to get long early next week should wait for a retrace of the pin to potentially near the support area between $1635.00 – $1625.00. If the market were to drift lower however, and close back below today’s low of $1625.00, we could then see more losses.

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Please think about ..

1.       Firstly you should be Learn , learn , Learn

2.       Researching and Understanding the  Risk

3.       Should be using the Technology,

4.       Updating the your Skill ( Learning  New Technology )

Investing the Foreign Currency Exchange

This is Amazing Money Earning positions. But 100% Risk. What is this RISK ? Yes , thin is Money investment site. You Should be Invest the Money , then you can the Trade . This is world largest investment Exchange. You can invest money. You should be Risk management / Money Management. Then you can win.