https://www.xtreamforex.com/ https://www.xtreamacademy.com/ What is forex? Quite simply, it’s the global market that allows the exchange of one currency for another. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting. Why Trade Forex: Advantages Of Forex Trading Share on Facebook Share on Twitter Share on Google+ There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are compensated for their services through something called the “bid/ask spread“. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. No fixed lot size In the futures markets, lot or contract sizes are determined by the exchanges. A standard size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. This allows traders to participate with accounts as small as $25 (although we’ll explain later why a $25 account is a bad idea). Low transaction costs The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. For larger transactions, the spread could be as low as 0.07%. Of course, this depends on your leverage and all will be explained later. A 24-hour market There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep. No one can corner the market The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank or the mighty Chuck Norris himself) can control the market price for an extended period of time. Leverage In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. Forex Trading Sessions Share on Facebook Share on Twitter Share on Google+ Now that you know what forex is, why you should trade it, and who makes up the forex market, it’s about time you learned when you can trade.Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. You can make money trading when the market moves up, and you can even make money when the market moves down. BUT you will have a very difficult time trying to make money when the market doesn’t move at all.
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Visit : https://xtreamforex.com Forex Analysis : https://xtreamforex.com/academy/ Major Market Events GMT+2 2:30am AUD Current Account 5:30am AUD RBA Rate Statement AUD Cash Rate 11:30am GBP Services PMI 2:30pm USD FOMC Member Rosengren Speaks 5:00pm USD ISM Non-Manufacturing PMI 5:35pm GBP BOE Gov Carney Speaks Support and Resistance Levels: Name S3 S2 S1 Pivot Points R1 R2 R3 EUR/USD 1.1313 1.132 1.1324 1.1331 1.1335 1.1342 1.1346 USD/JPY 111.79 111.81 111.86 111.88 111.92 111.95 111.99 GBP/USD 1.3128 1.314 1.3147 1.3159 1.3165 1.3178 1.3184 USD/CHF 0.9987 0.999 0.9995 0.9998 1.0003 1.0006 1.0011 USD/CAD 1.3294 1.3302 1.3312 1.3319 1.3329 1.3336 1.3347 EUR/JPY 126.62 126.68 126.72 126.78 126.82 126.88 126.92 AUD/USD 0.7048 0.706 0.7066 0.7078 0.7084 0.7096 0.7102 NZD/USD 0.6786 0.6792 0.6797 0.6803 0.6808 0.6814 0.6819 EUR/GBP 0.8599 0.8602 0.8607 0.861 0.8615 0.8618 0.8623 EUR/CHF 1.1315 1.132 1.1323 1.1328 1.1331 1.1336 1.1339
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March 11, 2019, Monday Major Market News For Today GMT+2 For More Info : https://xtreamforex.com/ Visit: https://xtreamforex.com/academy/ 1:00am USD Fed Chair Powell Speaks 1:50am JPY M2 Money Stock y/y 8:00am JPY Prelim Machine Tool Orders y/y 9:00am EUR German Industrial Production m/m EUR German Trade Balance All Day EUR Eurogroup Meetings 2:30pm USD Core Retail Sales m/m USD Retail Sales m/m 3:00pm GBP MPC Member Haskel Speaks 4:00pm USD Business Inventories m/m
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