What follows is a brief rundown of some of the major historical developments that have led to the Forex market you are now preparing yourself to trade on. Bretton Woods 1944. USD Becomes the World’s Reserve Currency. In July 1944, with the Second World War still raging in Europe and South East Asia, 730 representatives […]

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The Forex Food-chain Just as it can be easy to miss the deeper market trends when monitoring currency pairs at shorter time frames, it can also be easy to lose sight of the wider forex-trading ecosystem when you’re overly concerned with the minor price fluctuations of your open positions. The forex market is a world […]

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Monday Morning A typical week in the currency markets kicks off on Monday morning in Wellington, New Zealand. This is the first financial centre in the world to see the dawn of a new trading day. When Wellington opens for business it is very early Monday morning in Asia, while still being Sunday evening in […]

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Learning how to use price charts is an indispensable part of Forex trading. There are a few wizened old Forex masters out there who claim not to use charts at all when taking positions, their trading activities are so deeply entrenched in the fundamental trends that charting plays little or no role for them. However, […]

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Easy to grasp, difficult to master. Forex and FX are interchangeable abbreviations for Foreign Exchange, which is a term used to refer to the global currency markets. As complex as these markets are, currencies are probably the easiest of all the asset classes for beginners to get to grips with. Even people who have never […]

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High liquidity and price stability Forex is hands down the largest market in the world. The preliminary report from the Bank of International Settlements (BIS) for April of 2013 has foreign exchange turnover at a record-breaking 5.4 trillion US dollars per day. This figure dwarfs the daily turnover of all the world’s equity markets combined. […]

The post 02 – Why Trade Forex? appeared first on Action Forex.

Welcome to FxPro Trading Academy. If you’re reading this you have decided to join one of the world’s fastest growing online communities. Since the Internet revolution made it possible to trade currencies online a little over a decade ago, more and more people have turned to Forex, either as a way to supplement their existing […]

The post 01 – Welcome appeared first on Action Forex.