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Introduction to Forex
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| Welcome | Forex - Introduction | Basic Terminology | Long/Short position | Technical analysis | Candlestick chart | Summary |
- Forex stands for Foreign Exchange
- Forex trading is continuous. It opens on Monday in the East and closes on Friday in the US, allowing continuous trading 24 hours a day, 5 days a week
- Forex market is one of the largest trading markets in the world, with a daily trading volume of $3,000,000,000,000 (3 trillion USD)
- The only commission paid in Forex trading is the difference between the buying price and selling price of the traded currency. Other commissions that are typical to other markets do not exist here