Spot Market | ForexGen Tips

Currency spot trading is the most popular foreign currencyinstrument around the world, making up 37 percent of the total activity The fast-paced spot market is not for the fainthearted, as it featureshigh volatility and quick profits (and losses). A spot deal consists of abilateral contract whereby a party delivers a specified amount of agiven currency against receipt of a specified amount of anothercurrency from a counterparty, based on an agreed exchange rate,within two business days of the deal date. The exception is theCanadian dollar, in which the spot delivery is executed next businessday.Trading 24The name "spot" does not mean that the currency exchange occursthe same business day the deal is executed. Currency transactions that require same-day delivery are called cash transactions. The twodayspot delivery for currencies was developed long before technological breakthroughs in information processing.This time period was necessary to check out all transactions' detailsamong counterparties. Although technologically feasible, thecontemporary markets did not find it necessary to reduce the time tomake payments.

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ForexGen Putting it all Together

In a perfect world, we could take just one of these indicators and trade strictly by what that indicator told us. The problem is that we DON’T live in a perfect world, and each of these indicators has imperfections. That is why many traders combine different indicators together so that they can “screen” each other.
We urge you to study each indicator on its own until you know EXACTLY how it reacts to price movement, and then come up with your own combination that fits your trading style. Later on in the course, we will show you a system that combines different indicators to give you an idea of how they can compliment each other.
Everything you learn about trading is like a tool that is being added to your trader’s toolbox. Your tools will make it easier for you to “build” your trading account

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Trading The News | ForexGen Tips

Is a popular technique in the forex markets … Everyone wants to trade the news as you can see currency pairs move dramatically within seconds after the release of major news like “The US Retail Sales” and others and it responds not only to U.S. economic news, but also to news from around the world. That’s easy money! Depending on how are you trading this news. So for those who want to trade news there are plenty of opportunities and you will be able to know different strategies through this lesson.Our goal is to make the most of your trading knowledge and we willl provide you with all of the steps needed to know how to trade the news.

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Getting Sentimental With Forex Trading | ForexGen Tips

Sentimental analysis is what it sounds like – gauging the market sentiment. What does that mean? Well, as traders, a part of our job is to determine if a market is bullish, bearish, overbought, oversold, and to plan a trade for those market conditions – basically putting all of the things we’ve learned up until this point all together. So how do we do that? What tools can we use? And how do we react to certain conditions? Well, that’s what we’re going to find out today – we’re going to take a look into sentiment analysis in forex trading.Now there are a couple of ways to gauge different market conditions. Does anyone know what those two things are? You guessed it: technical and fundamental analysis. Now, in the School of Pipsology, we’ve covered most of the commonly used technical indicators out there for forex trading, so you should be an expert at that already right.

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Capital aka cash money

Money is required to make money. All of us know that, but how much does it need to start trading? It totally depends on how you are going close to your new start-up business.Firstly, keep in mind how you are going to be educated. There is a lot of ways to learn how to trade: mentors, classes, by yourself, or to combine between the three.As there are many mentors and classes out there ready to teach Forex trading, most of them will charge fees. The benefits of them is that a well-taught class or great mentor can defiantly shorten your learning curve and gets you on the way of profitability in a very short time in comparing it with doing it on your own.The negative aspect is the pre-paid cost for these programs, which could varies from hundreds to thousands, it depends on which program you choose. For those who are new to trading, the requirement (cash money) to get these programs is not available.

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