Why you don`t play at forex this week??

That`s very easy I think question. In my opinion people are afraid of losses. Many of us wanna be safe investors in this times and try do not lose. They making money but no everyday. I thinking about traders which don`t keep open positions over night. This means for me they afraid.

The real question is why they afraid? Do you know why? I may try to answer this question. First of all in last 3 months we have so may bad data from EU and US economies which may easly swept away whole bullish market since 2009 year. We are keeping on because window dressing from last week and first week of better data. I don`t write good data because it wasn`t good data. 

My advise is wait until the EUR/USD will pass 1.46. Than we may be "sure" that we going north.

Mark.

A Quick Overview of FOREX.

FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.
FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.
FOREX is a huge market with trillions dollars turnover a day and the largest investors - banks, hedge funds, investment companies and so on.
FOREX is open to individual retail investors - Forex traders - through the services of Forex brokerage companies that provide an access to the currency exchange market and take care of buying and selling orders of their clients.
FOREX is a 24 hour market that is traded every day all year round, except for holidays.
FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD and GBPJPY.
FOREX trading is based on technical (price charts) and fundamental (news, economic events) analysis.
FOREX is an online stay-at-home type of business for individual investors.
FOREX is an attractive financial instrument, which can be mastered by any person with any kind of education and/or social status.
FOREX is a type of market which nowadays can also be traded by automated online expert advisors without any human intervention.
FOREX is an alternative type of investment, which unlike any other investment carries one of the largest financial risks.

What is FOREX?

"FOREX" stands for Foreign Exchange, an exchange of currencies. When a person comes to trade currencies, e.g. buy one currency and sell another one - it is called currency exchange trading, or simply known as Forex.

Because the value of each currency always on the move, it fluctuates depending on the local and global economic factors, there is always an opportunity to profit on those changes/fluctuations - it is called currency speculation.

Being a Forex beginner.

We all were beginners one day...

This site is for everyone who decides to step on a path of Forex trading career.
An overwhelming amount of information about Forex can leave an average newbie quite discouraged: What to do first? Where to start? Will I ever be able to comprehend everything about Forex trading?

Those and many other questions will be answered here in our tutorials and lessons.