GBP/USD
USD/CAD
Trading Forex with Major Currencies
Forex means to exchange one currency for another, foreign currency exchange operation, FOReign EXchange. The foreign exchange market, which is usually known as FOREX or FX, is the largest financial market in the world. Nowadays over 85% of all money exchange deals are in the major currencies:
USD United States Dollar (87.0%)
EUR Euro (33.4%)
JPY Japanese Yen (23.0%)
GBP Pound Sterling (11.8%)
AUD Australian Dollar (8.6.%)
CHF Swiss Franc (5.2%)
CAD Canadian Dollar (4.6%)
Forex trading is a process of exchanging one currency for another virtually. Forex trading allows people to capitalize on fluctuations in the value of one currency against another. Traders can either open long positions (‘Buy’) if they believe one currency is going to rise in value against another; or they can open short positions (‘Sell’) if they believe one currency is going to fall in value against another.
POEM:
Bear Trading Forex
Bears trading forex. The currency markets make them stay up late at night. They analyze the trends, digest complex data. Doom and gloom, they take it all in stride.
Eyes on their screens, vigilance and patience. In the face of uncertainties, they won’t give in to impatience. A plan for success, sharp as an arrow. Tactics for their trading, an intricate ballet of flow.
The blind luck of bears, can be quite treacherous. But gambles can pay off, when the risk is blessed. Uncertain future, in flux and flux. Might lead to profits, maybe even not lose.
In the face of fleeting markets, fear not the bears. Their market skills are sharp and without tears. Mastering the trends, reaching the highs. No matter the market, bears will survive.
JOKES
Q. What did the bear say when it lost all its money trading on Forex?
A. “I should have just hibernated!”
Q: What did the bear say to another bear after a big forex trade?
A: Let’s go hibernate in our profits!
Advantages of
Forex Trading
There are many advantages of trading forex compare to other financial forms:
Forex market never sleeps:
Open 24 hours a day, 5 days a week
Minimal or no commissions
Low transaction costs
Instant execution of market orders
Short-selling without any other
Flexible leverage
High liquidity
No only fixed lot size
Price certainty
Guaranteed limited risk
No middlemen
No market manipulation
No one can corner the market
Buy/sell programs do not control the market
Analysts and brokerage firms are less likely to influence the market
POEM:
Bear Trading Forex
All traders fear the market’s wild swings, never knowing what tomorrow will bring.
Yet one creature stands eager and keen, it’s none other than the fearless Bear of Forex Trading Scene.
He’s an investor, ready to take risk, for a chance to bank some coin for his dish. He’ll try to find never before seen trends, in order to beat market movements so he can mend.
He’s searching for entry points that have not been spanned, right from the start of the market until the very end. So when the trend and the market both turn flat, the bear hopes divergences will be where it’s at.
For he loves the challenge of working it out, to find the right formula and the right route. Through the twists and the turns, and the highs and the lows, always trading with a bearish mentality to gain those Forex flows.
