Tag: understanding

Understanding Foreign Exchange Trading

These are not standardized contracts and are not traded through an exchange. A deposit is often required in order to hold the position open until the transaction is completed. Forex trading or foreign exchange trading, has become the biggest financial market in the world with over USD $3 trillion...
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Understanding Foreign Exchange Trading

In 1944, the Bretton Woods Accord was signed, allowing currencies to fluctuate within a range of ±1% from the currency’s par exchange rate. As a result, the Bank of Tokyo became a center of foreign exchange by September 1954. Between 1954 and 1959, Japanese law was changed to allow...
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Understanding Foreign Exchange Trading

For context, a standard account lot is equal to 100,000 currency units. A micro forex account will help you become more comfortable with forex trading and determine your trading style. James Chen, CMT is an expert trader, investment adviser, and global market strategist. Forex trading always involves a currency...
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