Forex Armagedon Trading System : From Newbie to Expert
I would like to personally welcome you to “Forex Armageddon Advanced System”. You have made a very wise decision to order this program out of the hundreds that are out there. It is very easy to learn and best of all free of highly subjective and overly complicated rules.
But before we talk about the “Forex Armageddon Advanced System”, let us first talk about Forex. (If you know the basics of trading, stop reading and go to the next chapter!)
The word FOREX is derived from the words Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of the main worlds’ stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade.
Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals.
You will often hear the term INTERBANK discussed in FX terminology. This originally, as the name implies was simply banks and large institutions exchanging information about the current rate at which their clients or themselves were prepared to buy or sell a currency.
INTER meaning between and Bank meaning deposit taking institutions. The market has moved on to such a degree now that the term interbank now means anybody who is prepared to buy or sell a currency.
From Beginners Guide Download Here
