FOREX trading isn't difficult. It is essentially a conversation between buyers and sellers which can be seen as a visual representation in candlestick charts. A candlestick shows how many transactions are being made - a red or black candle shows that more transactions for selling the currency pair are being placed whereas a green or white candle shows that more transactions for buying the base currency are being made.
With FOREX the size of the main 'body' of the candle shows the volume of those transactions and the 'shadow' of the candle the extent of the price rise or decline during that period. On a 1 min chart each candlestick will represent the level of buying and selling of the base currency every minute of the day. FOREX trading is very specific and the software available to the likes or you and me - retail traders immense!
FOREX trading once learnt has enormous opportunities to make a good living for a very long time. It is argueably the most tradable market available and will not be adversly affected by any credit crisis, financial crisis or economic crisis - its too vast!
For more FOREX benefits and learning take a look at the book Trade FOREX From Home.
Happy and successful trading
Annabel
www.tradeforexfromhome.com
16 years ago
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