Mar 26 2008
10 Online Resources for Forex Newcomers
This is a guest post by Heather Johnson, a freelance business, finance and economics writer, as well as a regular contributor at Business Credit Cards. Heather welcomes comments and freelancing job inquiries by email.
The foreign exchange market, also known as Forex, is the international exchange market where currencies are bought and sold. If you are already investing in stocks and would like to move over to the Forex market, you will quickly find that the two are very different.
Unlike the stock exchange, Forex trades 24 hours a day from 5:00 p.m. ET Sunday until 4:00 p.m. ET Friday. Also, there is no central hub like the New York Stock Exchange or Nasdaq. In its place, trade is carried out between investors through electronic communication networks (ECNs) and phone networks in various markets around the world.
So, when you learn that the US dollar has “closed” at a certain [...]
Original post by MoneyNing