Forex Resources

Written by Jacey Harmon
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The Forex market is a fast growing marketplace. In the period between 1992 and 1998--the latest report available--global Forex turnover increased nearly 80 percent. The global daily turnover in the Forex market is equal to $200 for every man, woman, and child on earth. For those interested in becoming a part of the Forex market, there are plenty of resources available to help you learn the market.

The Internet is the Source for Learning Forex Trading

The Web offers hundreds, if not thousands of sites dedicated to Forex trading. Most are online broker/dealers that specialize in currency trading. These companies provide a wealth of information regarding the history and structure of the Forex market. The Federal Reserve Bank of New York also has a detailed report on the Forex market on its website as well. If you are mainly interested in trading, broker/dealer websites will have sufficient information.

Daily Forex commentaries are abound on the Web. Traders, especially new traders, can benefit greatly from these commentaries. They detail market moving news as well as technical points of interest from each trading session. As the market is a 24 hour market, these commentaries are usually updated as the session rotates around the globe. Though some commentary services charge a subscription, there are several quality commentaries available for free.

Available resources from broker/dealers go beyond introductory information. Complex trading platforms can be downloaded upon opening an account. These platforms arm traders with the necessary tools to trade: quotes, charts, margin requirements, and profit/loss reports.


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