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Foreign exchange, or forex, traders speculate on changing exchange rates by converting large sums of money from currency to currency, much like stock traders buy and sell different stocks.
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GOBankingRates on MSNWhat Is Forex Trading and How Does It Work?Forex stands for "Foreign Exchange" and refers to the active trading of currencies -- exchanging one currency for another. Here's what you need to know.
Evidently the foreign exchange (forex) market wants to revisit the popular 'slow grind movement.' Though not technically or fundamentally the investor’s choice, it's the tight contained trading ...
A standard lot is the largest lot size in the foreign exchange market. One standard lot is equal to 100,000 units of the base currency in a forex trade.
In the currency markets, overnight positions represent all open long and short positions that a forex trader possesses as of 5:00 p.m. EST, which is the end of the forex trading day.
Despite the spike to the upside, the lack of momentum to push above the 50 Day SMA suggests that investors remain bearish against the pound-dollar. Moreover, as the pair has yet to find a bottom, I ...
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