Why 30% Of All Forex Traders Are Using Automated Forex Trading Programs

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Why 30% of All Forex Traders Are Using Automated Forex Trading Programs

Why 30% of All Forex Traders Are Using Automated Forex Trading Programs


Good thing, there are a lot of information about how the Forex market operates online.  in just Bitcoin Revolution 2 Review a click of the finger, you will be able to obtain a wide range of information that are all necessary for you to understand all the critical facts about Forex market. Be reminded that all of these are important; you have to obtain all the data that you need so you can reduce the risk of losing. Research and understand. You can even talk to a Forex market professional so you will be guided well.

The foreign exchange market, a.k.a. forex or FX market, is a lot different than the stock market. Forex is the trading of different currencies against each other globally. The stock market is based on trading stock in businesses locally. Forex has been around since the 70's. Far out man!! What is even more far out is what you are actually trading. Pips, a pip is a fraction of a dollar, actually a fraction of a penny, 1/100 of a penny to be exact. You see currencies are constantly changing ever so slightly, people bet on these changes. For example if I buy U.S. dollars and sell in Canadian dollars and it is done at the right time I will actually make money. Another really great thing about forex is that you can bet on the currencies going either way.

To compare the Forex market to the stock market would be unfair. The Forex market is a global marketplace where Trillions, yes, Trillions of dollars are traded daily. That is more money than Bill Gates and Donald Trump have combined, being traded Daily!! Many things affect the different changes in currency pairs; banks, governments, financial institutions, and environmental disaster are all factors that come into play.

Since there is many different currencies being traded there is a potential to gain or lose a great deal of money. It is not for the weak stomached investor. However there are people that make careers about analyzing graphs and coming up with strategies. They are known as expert advisors, a.k.a. EA. If you have a broker, who is easily obtained online. In fact a large portion of trading happens online and from countries across the globe. Other people use robots, which is basically software designed to tell you what to trade and when, or there are some more advanced robots that do the trading for you.

 

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