Forex

Forex (from English Foreign Exchange) - international currency market, on which the exchange and trade of various currencies is carried out. This market is the largest and most liquid financial market in the world..

Forex operates around the clock and works with virtually no restrictions on time and geography. Forex trading is carried out using special platforms, which allow traders to buy or sell currency pairs in order to profit from changes in exchange rates.

Banks are the main participants in Forex, financial institutions, investment funds, corporations and individual traders. Forex trading is based on spot transactions, which means immediate execution of trades at current market prices.

The main strategy in the Forex market is speculative trading, which is based on forecasting changes in exchange rates. Traders and investors analyze various factors, such as political events, economic indicators, geopolitical factors and others, to make decisions about buying or selling currencies.

Forex offers a wide variety of currency pairs to trade, including major (for example, EUR/USD, USD/JPY), cross courses and exotic couples. Traders can use various tools and strategies, such as technical analysis, fundamental analysis, news trading and more, for decision making and risk management.

It is important to note, that Forex trading involves a high level of risk, and requires a good understanding and knowledge of the market, and risk management. Therefore, learning and developing trading skills are key aspects of successful Forex trading..

Quotes from the book "Memoirs of a Stock Market Speculator"

The tape needs to be responded to today, not tomorrow. Reasons can wait. And you must act immediately or stay away. But me, Unfortunately, brains were not always enough, to stick to your own rules of the game, that is, place bets only with complete confidence, that the market is ripe for me. But there are also Wall Street fools, who believe, that you should always trade. There is no man in the world, who would have the necessary information every day, to buy or sell stocks or to play your game reasonably and intelligently. The experience of defeat taught me that, what is worth attacking, only if you are sure, that you don't have to retreat. But I knew, how and why: I played all the time, regardless of the situation; because, when i couldn't play on my system, based on experience and calculation, I started to put blindly, naudaču. Instead of being sure to win, I fed on gambling hopes. The experience of incomplete victories is no less instructive, than the experience of defeat.

20 Trader's Golden Rules

At the beginning of my career as a trader, they helped me a lot. : 1. Forget about the news, remember only about the schedule. You are not that smart, to divine, how the news will affect prices. The schedule already contains information, what to expect from the news. 2. Buy on the first pullback from a new high. Sell ​​on the first pullback from a new low. There will definitely be one, who will miss their chance. 3. Buy on support, sell on resistance. Everyone follows the same indicators, what are you, and are waiting for a good moment. 4. Take short positions on a fast rise. But not on mass sales. When the market goes down, short positions are profitable. Always be prepared to close them. 5. Do not buy or sell on moving averages. See paragraph 3.

Boiler room / Boiler Room фильм 2000 of the year

Description: Have you ever wondered, why some people win millions of dollars in the lottery, You are not? Why do you earn 4 thousand. dollars a year, and the secretary from Microsoft 140 thousand. Dollars? Why is some dunce rolling out on a brand new Ferrari?, and you barely saved up for a used Volvo? Are these people smarter or better than you ?!?

Wall Street Film / Wall street

An old movie about the stock exchange, interesting to see -) Description: Bad Fox, young and extremely ambitious broker, lives in the heart of the world, where everything has a price, everything can be bought and sold. He is determined to reach the top, become the best. Seeking support, he seeks an acquaintance with the old predator Gordon Gekko, and he reveals to him the secrets of mastery. Fast money, luxury women, all the pleasures of the world in the hands of Bud, and the financial flows seething around bring even more money, more possibilities, more temptations. You just need to overtake this prey ...

Foms day

I did not foresee the main movements for today, before announcement to change or not % rate, as expected, it was left unchanged and the market skyrocketed =) My yesterday's overnight was never covered by the arch, tried to get out, but did not take. Futures traded in the red before the opening and it was necessary to quickly get out of the stock. Sent a sell order to OPG and some more on top. SLG opened at 50C below my purchase, well since I have left with mos a lot, then I got a good minus =( OPG: I decided to sell Ritsa because yesterday they closed in high, and today futures were trading in the red, there was a high probability that they will go lower. I sold a small basket from 8 shares and almost recaptured losses on SLG. NIGHT: Sold on the move, but did not go lower. KFT: Selling after breaking through, almost nothing went. It was to be expected, the action had no potential. Stupid trade. GR: Selling catching up with a share, overlooked the beginning of the movement, count sold to the bottom. Later bought a little higher 36 and closed about 36.45. AIG: Again he climbed into her very ears when she flew away. Several days already buying. I'm still waiting for it to be chilled and opened a dollar higher. Did 20% стоимости акции МОС: После фомса …

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Dear emotions ...

Today promised to be rotten, tomorrow the MHIF, which means you should not expect good movements. MT: Selling on the break of today's low, on the daily chart, he had a place to fall and the beginning of the trend loomed. Everything would be fine, but here 16.50 the action did not pass, at this moment a large green candle appeared on the futures and I did a stupid thing not to cover myself because most of the stock is about 10:00 across the US either turn around or move on, I chose the optimistic option, but he didn't pass. HUM: Sold on breaking yesterday's low, this time I decided to take my 50C, came out on a pre-set limit order , although stupid because it could go lower. HCP: I bought it on the break of today's high, but in vain. It was not necessary to enter after such candles up, the likelihood of a rollback was enormous. It was necessary to wait a little while to gain a foothold at this level.. HES: Sold it by 60.98 with risk in 4 cent, hoped for a rollback in 50C , but the market flew further and my share went with it. Ordinary I don't do this kind of thing, but the risk was minimal. OXY: Promotion of the day, lost on it ¾ earned in a day, in the beginning I bought it about 55 and I got knocked out, and then sold in the same place. Это самый дебильный трейд который у меня был за долгое …

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