Forex Trading 101
by Trade Mentors
Company:
Trade Mentors
Phnoe:
Toll Free 866-712-4904
Website:
www.TradeMentors.com
Introduction
Traders buy and sell currencies with the hope of making a profit when the value of the currencies
changes in their favor, whether from market news or events that take place in the world. The Forex
market is the largest market in the world with daily reported volume of over 1.8 trillion making it one of
the most exciting markets for trading.
Market Hours
The spot FX market is unique to any other market in the world, as trading is available 24-hours a day.
Somewhere around the world, a financial center is open for business, and banks and other institutions
exchange currencies, every hour of the day and night with generally only minor gaps on the weekend.
Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of
determining their trading day.
How an FX Trade Works
In this market you may buy or sell currencies. The objective is to earn a profit from your position.
Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually
identical to those found in other markets, so the transition for many traders is often seamless.
Accumulating Wealth One Tic At A Time! ®
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