what is forex trading reddit

Which Ive been using with some success ( I went from down 2 to.8 this week). In fact, there are more ways to lose in forex than to succeed. Investors agree to buy or sell a fixed amount of a specific currency at a fixed exchange rate on a fixed date in the future. Forex does not have a physical site, that is, there is no big building like the New York Stock Exchange on Wall Street or the Chicago Board of Trade in Chicago where a bunch of people on the floor or pit yell or hand-signal. Now IDK what to think, the USD looks to have taken a large, oily turd to me, Im trying to get an idea of what happened and how to make moves following this. Times are listed in GMT (Greenwich Mean Time EET (Eastern European Time, the time used on our servers and in our trading platforms). The spot market is currently the largest market for exchange. Types Of Forex Markets, the three potential markets for a Forex investor to trade currency are: spot market, the currency futures market, and the currency forward market. Discuss trade setups, fundamentals, technicals, and other trading topics.

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What Exactly Is Traded In Forex? Not long ago it was the exclusive domain of the mega rich, banks sending deposits around the world, corporations hedging their exposure to currency risk in different countries or converting their profits, central banks forwarding national economic goals through monetary policy, and billion dollar hedge. 101, online, your Forex Trading community! Currency trading always occurs in pairs where one currency is sold for another and is represented in the following notation: EUR/USD or USD/JPY. Thank you all for your insight. Asia, tokyo, singapore, shanghai 00:0006:00 01:0009:00 01:3007:00 03:0009:00 04:0012:00 04:3010:00, europe, london, frankfurt 07:0015:30 07:0015:30 10:0018:30 10:0018:30. It does not have to begin and end the day based on the hours of a particular building or bank located in a particular time zone. Although there aren't necessarily any trading sessions, like with stock exchanges, banks in different parts of the world have different trading hours.

Reddit is also anonymous so you can be yourself, with your Reddit profile and persona disconnected from your real-world.
Also - be aware that r/forex is not your trading journal.
Users posting empty trades will find them removed.
I was looking into the trading world, specifically the Forex market and was wondering if anyone had any suggestions about the best trading.
News articles and trades ideas should be posted with your analysis or a question.

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