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Try it out with our 30 day FREE trial. Forex or the currency market, also known as FX, is the world's marketplace of currencies.

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As you already know, Forex is the world marketplace of currencies. Unlike the stock buy profitable trading signals, Forex is an over-the-counter OTC market, which means that there is no centralized exchange where currencies are traded.

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Instead, currencies are traded during Forex trading sessions in which buyers and sellers agree to exchange a certain amount of currency at the current interbank exchange rate.

Just like stock traders, forex traders are trying to buy a currency cheaply and to sell it later on at a higher price. However forex traders can also earn money when a currency is going to drop in value due to a technique which is being called short-selling. Forex traders are using different kinds of analysis's, like technical and fundamental analysis's, to analyze the market and to determine whether the exchange rate will rise or drop in the future.

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  • Three are candlestick patterns while the other three are chart patterns such as the head and shoulders.

If a trader believes buy profitable trading signals a currency pair could rise in value, i. No Experience Required You don't need trading experience to get started.

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