The forex market is like no other financial market. It is virtually open 24/7 except on weekends. It is the market which the world relies upon to facilitate international business transactions to the tune of US $5.2 trillion changing hands every day. By far the largest market regarding value. Compared with the New York Stock Exchange’s US $169 billion worth of shares traded daily. See this for guiding tips.
Because of the internet and the development of electronic trading platforms, small traders are now able to speculate in the forex market. Thus, the forex market is available to anyone with internet access and a brokerage account. You can even trade the market using your mobile phone or a tablet computer. NetPicks was established by trading expert Mark Soberman in 1996 to offer training to new forex traders. They can help you get started, hop over to netpicks.mykajabi.com.
Retail forex brokers typically offer leverage of anywhere from 50:1 and higher depending on the country where you live. In other words, if you open an account with $100 you will be able to control a position worth up to $5,000 (50 x $100). That is a significant feature which draws traders to the forex market. Without any doubt a real advantage if utilized wisely. That is where NetPicks comes in. Their coaches teach novice traders the importance of proper money and risk management. That is knowledge which is priceless when trading forex. Read reviews here
Unlike the stock market, the forex market does not have thousands of instruments to trade. Practically speaking there are only a dozen or so currency pairs which are worthy of trading actively. They are called “the major” currencies. Among them are:
- EUR/USD – Euro/US Dollar
- USD/JPY – Dollar/Yen
- GBP/USD – British Pound/US Dollar
- AUD/USD – Australian Dollar/US Dollar
- USD/CHF – US Dollar/ Swiss Franc
- NZD/USD – New Zeland Dollar/US Dollar
- USD/CAD – US Dollar/Canadian Dollar
Notice that everything trades relative to the dollar. The dollar is the world’s reserve currency and has a special place in world trade and by extension the world of forex trading.
Trading forex can be rewarding, but you must first learn the ropes. NetPicks coaches are experienced traders themselves. The NetPicks training program is not archaic. Check netpicks.com. Video learning is the cornerstone of the program, and you can complete it in days. A successful forex trading business is possible if you have prepared for the battles ahead. Access tutorial blogs here.
If you should happen to have questions, a NetPicks coach will be there to offer you clarity. Their coaches have 25 years of real trading experience, and 17 years of teaching others to trade. So, even if you are not new, they may be able to fine-tune your approach as a swing or day trader. NetPicks has the knowledge you need.
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