RandomFX.net

A sober companion to FOREX trading

Preliminary version, missing content will be added soon.

What is FOREX

FOREX, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The FOREX market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. There is no central exchange as it trades over the counter within a network of banks. FOREX trading allows you to buy and sell currencies, similar to stock trading except you can do it 24 hours a day, five days a week, and you use margin trading with a high leverage (50:1 - 1000:1).


Live FOREX chart. The chart displays recent price development in the EURUSD pair with each candle representing 1-hour period. To display a different pair, the symbol needs to be changed to e.g. USDJPY. Use scroll wheel over the candle area and drag the price axis up and down to zoom in and out.

FOREX is the most volatile, chaotic, and unpredictable market and thus the most difficult to succeed in. This fact is usualy not disclosed to potential traders when FOREX trading is presented at brokers' and other FOREX trading promotion web sites. Instead, an illusion of the possibility to have a successful easy-to-create-and-follow trading strategy based on "technical analysis" is frequently being offered. This usually leads to a quick loss of money by the newcomers, being explained as a lack of experience or insufficient trading discipline. RandomFX.net pages explain all the major pitfalls of FOREX trading in a simple way to help potential traders not to become just another easy prey of FOREX trading industry.


info@randomfx.net

© 2017 RandomFX.net. All rights reserved.

twitter logo facebook logo pinterest logo google+ logo