Find out more about foriegn exchange trading at: http://foreignexchange-trading.info/

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http://foreignexchange-trading.info/
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The foreign exchange markets are always in a constant state of flux, and for the budding trader, it
can be a rather daunting place to invest and trade your money. We bring you into the world of
foreign exchange trading. As you look into the prospect of forex trading you will begin to
understand the width and breadth of the forex market. It is a worldwide market trading currencies
24 hours a day 7 days a week (Well actually, markets are actually open for about 5.5days a week
actively trading). As a consequence of this huge market, the market is highly liquid and high
volume takes place daily. As the market in constant flux there are plenty of opportunities for forex
trading.
Forex trading takes advantage of the constant flux of the market, buying and selling into and out of
the ebbs and flows of the foreign exchange trading charts. Many profitable trades await the trader
in these markets. So as you examine your charts as a forex trader you will find that the market
display's repetitive behaviour as well as trends. Trends can go in three ways; an up trend, down
trend and a sideways trend. As a trader you take advantage of price differences so you ought to
stay away from sideways trending forex markets while jumping at every chance at up trending
(long) markets or down trending (short) markets.
The important catchphrase in forex trading or any other trading for that matter is that "the trend is
your friend." An uptrend is simply defined as a set of prices on a chart that display a pattern of
higher highs and higher lows: or put simply a graph going up from left to right. A downtrend is the
opposite to an uptrend with a pattern of lower lows and lower highs: or simply put a graph going
down from left to right. Then you have your sideways charts which really doesn't display any clear
uptrend or downtrend and shows up as either an erratic pattern of highs and lows or a pattern
where the price doesn't really change much between the highs and lows.
Foreign exchange trading takes advantage of trends and the price differences at which the traders
buy and sell the foreign currencies. It is a highly valuable skill to master the ability to read charts
and to be able to see the uptrends and downtrends as well as the sideways trends in any chart or
market you examine. Remember, the trend is your friend, ride the trend and you shall have your
profits. As profits are the main objective of any forex trading venture.
George Polizogopoulos is a staff writer for MyShareTrading.com, an information hub for traders:
forex, shares, derivatives, CFD's. MyShareTrading.com also provides free blogs for traders who
wish to share their market experiences.
This article "Forex Trading: Introduction to Foreign Exchange Trading" can be found in our Foreign
Exchange (FX) Markets [http://www.mysharetrading.com/trading-topics/foreign-exchange-fx-

2. markets] category.
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Watch this video to find out more
http://foreignexchange-trading.info/
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