Guide to Trading Forex with a FX Solutions Account

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FX Solutions

23 Jul, 2012, 11:00 GMT

SADDLE RIVER, New Jersey, July 23, 2012 /PRNewswire/ --

Forex trading is one of the most widely traded markets in the world while all the major currencies trade against the US Dollar.

Here, we offer a guide to trading forex and the US dollar.

Introduction to Forex Trading

As a large financial market, the foreign exchange is also highly accessible to investors through retail forex trading provider FX Solutions.

Trading 24-hours a day from Sunday evening until Friday night, trading forex with an FX Solutions account allows to trade the opportunity as you see it.

Currency Pairs

The US dollar has a profound impact on the forex market because it is paired with many major currencies including the euro (EUR/USD), British pound (GBP/USD) and Japanese yen (USD/JPY).

There are dozens more major, minor and exotic currencies to be traded, including the Swiss franc, Australian dollar, Canadian dollar and many more.

Forex Market Influencers

Forex trades are based on the exchange rate between two currencies, such as the EUR/USD.

This exchange rate will then move as investors gauge a range of constantly changing factors, such as:

  • Economic data
  • Political decisions
  • Social unrest
  • Natural disasters

As a result, individuals trading forex, in particular short-term trades, may base their trading strategy on significant events in the belief that they will have an instant impact on the market.

Summary

It is important to remember that forex trading involves a substantial risk of loss and is not suitable for all investors.

Prior to trading, put in place a trading strategy and gain extensive knowledge of your chosen currency. When you start to trade, utilize various risk management strategies and be realistic in your trade sizes.  

Risk management does not assure a profit nor necessarily protect against loss.

Find out more about learning to trade forex with FX Solutions: http://www.fxsolutions.com/learn-to-trade/

About FX Solutions:

FX Solutions, LLC is a leading foreign exchange broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients institutional trading partners and introducing brokers in over 100 countries.

For more information, please visit http://www.fxsolutions.com/