June 22, 2007, Newsletter Issue #8: Questions to Ask During Forex Courses
Tip of the Week
During your forex courses, self-learning or when you watch forex videos, you should be asking yourself the following (and seeking the answers actively) fundamental questions:
-- What are currency pairs, and how does this amplify the structure of the forex market?
--What is a bid/ask price, and how does this impact trading?
--What is the spread, and how does the spread impact the bid/ask price or broker fees?
--What is a pip, and how do brokers use pips for their income?
--In forex, the equity value of all open positions verses the underlying market price is constantly in flux, how can a trader use this to their advantage?
--Forex is an over-the-counter market. Nearly all trades are done electronically, there is no NY Stock Exchange with people yelling and bustling about. How does this differ from the traditional ‘open outcry’ stock market, and what are the benefits of trading electronically? More importantly, how can electronic over-the-counter trading help you formulate a trading strategy?
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Exclusive Sponsor
Greetings,
Forex Club is excited to announce a special program. When you open a new trading account we will deposit $100 on it to help you to get started with Forex trading. Since there are no fees to open an account, in essence, this means that you can start actual forex trading without spending a single dollar. Sounds like a pretty good deal, does not it? This is way better than a demo account. You can find out details about this promotion program here: http://www.fxclub.com/incentive
Thank you for your interest and good luck!
Forex Club, New York
