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What Is FOREX? First of all, it is NOT rocket science. FX is the acronym for Foreign Exchange. The foreign exchange is the trading of currencies one against another. When people travel from their homes and go abroad, they have to change their currency from that of their home country, to that of the one they’re going to. And when multinational corporations who have businesses in multiple countries of the world have to bring their money back home to the “main office” (an action that is known as repatriating funds), they have to exchange their currency.
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On the most popular level, it is a form of online retail based trading, where for a small investment, a trader can control large sums of currency, and attempt to profit by selling the weaker currency and buying the stronger one. This page is devoted to the practice of retail trading and creating income from the FX or Forex market.
Here you will learn everything you need to know about forex trading from a real live trader. I have been active in the forex markets for 10 years, and you can find my writing all over the web. (Just google Bill Jenkins with forex or Agora Financial)
I have made it one of my missions in life to clear the air about fx profits and losses. You see, 95% of all new traders who come to the foreign exchange will lose their trading account in under a year. Most of them in less than 6 months. That makes it sound highly risky. Trading is not rocket science. And there is no Holy Grail. But it can be amazingly profitable if you are patient, disciplined, and have a decent foundation in what you’ re doing.
I will show you how to make money trading in this arena. All I ask is that you do as I say. There is a time for experimenting on your own. And if that’s what you want to do, you DON’T need me. But if you want to make money in the currency markets, then follow someone who is already making money. No need to re-invent the wheel. Right?
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