Forex encyclopedia

Every day, many people around the world try their hand in forex trading. Many of them failed and never look back, some persist for years but never achieve anything, a few soar in almost no time at all. With all those information, including entry-exit strategy, money management, and psychological control available freely in the Internet, supposedly everything is not as different. So how a newbie can advanced to a higher level as a trader? Many mistakenly think that the difference between a successful trader and a struggling one is the entry-exit strategy, personality or even experience. But all those things are simply skin-deep. They don't explain why some traders work for years without achieving significant results except maybe the amount of their losses. True, to succeed, a trader needs to have the right entry-exit strategy, apply money management and some experience. But, if there is something which makes a difference between years of struggling or a relatively short time to achieve, it is this.... Well, actually there are three:
Capital turnover in the forex market is billions of U.S. dollars per day makes it the largest in market the world. Total capital and the number actors involved grow from time to time ranging from retail traders, brokers, banks, institutions to other big players. Trading in the forex market carries a relatively high risk. What makes it interesting is the forex market trading schedule: the time from Sunday night to Saturday morning, and the possibility to trade can from all over the world with the support of online technology.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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