Friday, August 7, 2009

Forex Trading

Day traders tend to prefer the forex market for online trading due to its volatile reaction to news, market data, and because of its trending nature.

Forex is the simultaneous buying of one currency and selling of another as forex is traded in what is known as "cross pairs" for example GBP/USD (?/$) or EUR/USD (Euro/$).

SOURCE: http://www.forexrate.co.uk/forextrading.php

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