The word market is a bit misleading in describing Forex trading because there is NO central location where trading takes place. The bulk of Forex trading is between approximately 300 large international banks that process transactions for large companies and governments. These institutions continually provide exchange rates for each other and the broader market. The most recent quotation from one of these banks is considered the market's current price for that currency. Trading occurs over the internet, by telephone and through computer terminals at hundreds of locations worldwide.
Forex trading is attractive because it offers unparalleled personal and financial freedom.
NO employees, NO commuting and NO dress code. Of course, results can and do vary among individuals and no guarantees can be made as to profitability. You identify a high-probability BUY opportunity 3. You calculate potential 80-pip profit and place a limit order at 1.6090 5. You calculate potential 40-pip loss and place a stop order at 1.5970 6.