I just want to let everyone know that I know have a game plan . Everyday / night I will post a new forex story , new setting for you Fap Turbo and A new indicator. everyday will be a new lesson that will be all you need. Think Of me as the direct contact of source. No middle man giving you a hole lot a verbiage that will only over load your brain. Trust me . When you check out the blog it will be a one stop stop. To all my readers be patient and Your first lesson starts today. We must keep in mind we need to have a little fun too right. So at the end of every blog there will be a joke of the day . rate it , tell me what you thought. The more we think the smarter we become!
I will leave you today with a joke and your first leasoon to work on because I Have to get into the shower and get my chores done :)
Everybody, somebody, anybody, and nobody
This is the story of four people named Everybody, Somebody, Anybody, and Nobody. There was an important job to be done and Everybody was asked to do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody's job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn't do it. Consequently, it wound up that Nobody told Anybody, so Everybody blamed Somebody.
It may not be too funny but always true!
I realize this picture as nothing to do with the market But it has everything to
do with My Life! We recently had 6 kittens and this is a picture of just what
a 2 and 3 year old do with the kittens!
hear is a little reading for you to help understand the forex market.
Later today I will be giving you information on Spot markets and the best time to actually trade your pairs! Take care
What is FOREX?
The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks! What is traded on the Foreign Exchange market?
The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Until the late 1990's, only the "big guys" could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us "little guys". However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us. Enjoy See you later with some really great INFO!!
