Forex trading is trading in a pair of foreign currencies such as the U.S. Dollar vs. the Euro. The word Forex is an acronym for foreign exchange. In the process of Forex trading, one currency is bought and another currency is sold in one deal. A foreign market is influenced by the supply and demand of products and services offered by another country. Depending upon the market condition the movement of one currency in relation to another is influenced.
Forex Trading System
A Forex trading system is a method of trading in foreign trade or currency using specific criteria of technical analysis. Though the foreign trade also involves purchase and sale, it is very complicated in that the commodity involved here is currency.
The behavior of one currency with respect to the movement of another currency is highly unpredictable. As a matter of fact, the unpredictability depends upon many factors like the economic condition, political situation, natural environment etc. Therefore, for a lay man sitting in one corner of the world it will be very difficult to understand the phenomenon.
It is here, that a Forex trading system comes into play. The system by means...
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