An easy approach to the forex trading: An introductory guide on the Forex Trading and the most effective strategies to work in the currency market
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Book preview
An easy approach to the forex trading - Stefano Calicchio
Conclusion
Introduction
In the last years the Forex market has been studied and subject to many publications, articles and monographs. Thousands of websites and blogs all over the world have treated this matter from many different points of view, such as Technical Analyses, Fundamental Analyses and Political Analysis of exchange rates and so on.
This enormous complexity together with many points of view, from which the Forex market can be studied, certainly helped to understand the complexity of this subject; nevertheless, all of these matters have discouraged so many traders and curious people to a first approach to this market.
If you want to know the Forex world, the first step you have to do to put it into practice can be rather easy. This complexity, which marks the interactions in this market, produces a small number of concepts which can be explained in an accessible, practical way and at the same time they can become a solid foundation for all of those who want to deepen the theory and the practice of the Forex trading.
A First Look at the Forex
Since trading in Forex market became public, more and more different people are interested in this particular market: professionals, experienced traders, students who wish to find an extra income and investors who have decided to totally dedicate to the Foreign Exchange Market. It seems that everyone wants to invest in the Forex.
Therefore, here you are an opportunity that you should not underestimate, although you should not make it lightly either, because on the basis of the Forex trading, there is a financial concept.
In comparison with other types of markets, the Forex can give you the opportunity to earn a lot of money, as well as to lose all the capital you have used to open your trading account.
The Forex demands a Money Management that is different from the one that you can use for other kinds of trading, which allows minimizing the risks and maximizing your profit opportunities. This way, you can think about correctly exploiting the great accessibility of this market or the chance to open an account with only few hundreds euros.
In the second place, the Forex market exploits the price movements in comparison to what can happen with