ALL ABOUT FOREX

The purpose of this article is to add our knowledge, preparations before we enter the Forex world which is very dynamic and volatile.
Let's start with four basic foundations that we need before we enter forex.
Forex trading is not a way to make us rich
Time needed to study the science of Forex trading, a successful trader don't come up with a formula in one single night. What is needed are: Practice + Patience + Persistent = Profit
Only take one or two pairs of currency
It will be complicated if we take up the four main currency because we will have difficulties controlling it.Watch for Forex News and Forex analysis
Although forex system is based on chart analysis, we must also pay attention to the latest news that will affect price. Knowing exactly whether it's support or resistant, and analysis whether a news can drive the price to support or persistant.
Only use techniques that you master* Try virtual trading before going to the real world
* Trading is what you see not what you think
* Win or lose is common things, the most important things are trading formula and discipline.
* 90% failed because they are indiscipline, 10% then broke.
* Money management is very important, taking up a lots of gain must be put out of your head.

Millions of people are drawn to the Forex market, the biggest financial market on the globe. The Forex market its where it's at when it comes to investing and currency trading and is one of the fastest growing investment forums to date. Although the Forex is called a "market", it is not a traditional "market" as all trading is conducted over the telephone or via computers - there is no central location for the trading in any country. The Forex market is a cash inter-bank or inter-dealer system that was formed in 1971, at the time when floating exchange rates came about. Today the Forex is enormous with over 3.5 trillion levels exchanged each day, making it, without a doubt, one of the most popular forms of trading worldwide.
AvailabilityPerhaps the best feature of the Forex market is that it never closes. The Forex market is open all day long every day of the year. There are people in every country that are waiting to trade whether it is 2:00 in the afternoon or 2:00 in the morning. No matter where you are or what time it is, you can expect to find trading occurring in full force. The availability of the market makes it very appealing. Ultimately when dealing with foreign currency, the market must remain open for 24 hours due to time differences. As a result of this availability, traders are able to capitalize on the wide open trading times and eliminate the sense of anxiety as to what could be happening overnight in closed markets.Excitement