Review

‘This is not a work designed to be read through, but should be used as a reference work, to be dipped into when appropriate. At 24.99 for around 500 pages, it offers terrific value when compared with the extortionate cost of much investment advice offered by so-called financial professionals. The Global-Investor Book of Investing Rules will almsot certainly prove to be the most useful financial book published all year.’ Luke Johnson, The Sunday Telegraph ‘Investing Rules (more…)

Review

‘This is not a work designed to be read through, but should be used as a reference work, to be dipped into when appropriate. At 24.99 for around 500 pages, it offers terrific value when compared with the extortionate cost of much investment advice offered by so-called financial professionals. The Global-Investor Book of Investing Rules will almsot certainly prove to be the most useful financial book published all year.’ Luke Johnson, The Sunday Telegraph ‘Investing Rules (more…)

Forex, as with many other subjects has a terminology of its own.  If you are considering participating in Forex as a trader you should start off by getting acquainted with the terminology used, in order to have a better understanding of what you read about it.  Here are a few examples of terms and their meanings to get started with.

• Ask – the price you buy for
• Bid – the price you sell for
• Broker – is the middleman between the retail traders and financial institutions
• Bear Market – a market in which prices are declining
• Bull market – a market where prices are rising
• Commission – a fee charged by the broker
• Contract – the standard unit of trading
• Currency – is a unit of exchange
• Day trading – trades in which positions are opened and closed on the same day
• Margin – money that the investors need to keep at brokers account in order to execute trades
• Offer – price of the offer – the price you buy for
• Pip – the last digit in the rate
• Quote – an indicative market price
• Risk – the chance of loss
• Spread – difference between ask and bid prices for a currency pair
• Trend – direction of market established with influence of different factors

There are many more terms that you will get familiar with as you learn more about the trade.  Forex can be profitable for those traders who understand the workings of the market, but it is advisable to learn as much as you can about how this financial market functions before you actually begin trading.  There are many courses and literature available online to help you gain more knowledge about the subject.

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