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Saturday, August 22, 2009

The Forex Market, The Biggest Game In Town! by Nicholas Sammut

FOREX, 5 letters that really hide the power of this financial market.Forex or foreign exchange is a market that operates 24 hours a day, 5 days a week and can be traded from anywhere on the planet where you can get an internet connection.The Forex markets facillitates the trading of the currency of the bigger nations, with the US dollar, the Euro, the Japanese Yen and the British Pound being the major players in Forex. Forex trading used to be the domain of only the big banks and institutions before the internet came into prominance, and these guys could push the little guys like me around. But the internet is the great leveller, so now instead of paying greatly overpriced comissions and having to rely on the advice of a broker, or should I say salesman(don't get me started on this topic) to give us biased advice so we can help to put more money towards the brokers goals. These days brokerage is so cheap and the trading platforms are so sophisticated that it really is a level playing field. Forex offers amazing leverage to invest a little amount and turn this money into a big amount quickly if you are armed with the right strategies and or trading systems. Doubling your money in the Forex market is very achievable with the right tools, and it can be done on auto pilot if you choose the correct trading program.There is alot of garbage on the market, so you have to be very careful when you choose a program that it is legitimate and legal.The 30 to 1 rule applies here, in that for every 30 trading programs you will get 1 good one. I hope this information helps you out in making the right choice for you and has armed you with useful knowledge you can use.

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