Analyzing The Market s Behavior - 1834 Words

When I started this project, I had very limited understanding of the foreign exchange market and also had a limited understanding of the economy and currencies. This Project has given me more knowledge than the average forex trader, giving me a huge advantage in the world’s most liquid market. This paper covers what I have created from the knowledge we have learned. To start I learned most of the terms that are commonly used in the foreign exchange market. Next I need to learn some techniques that are used to analyze the market’s behavior. I started with a $50,000 U.S. practice account. With this $50,000 I was allowed to trade with 40:1 ratio, this meant I could buy and sell $2,000,000 U.S. currency. After much practice I developed a system for money and risk management guidelines for regulating myself while trading. I kept noted of all of my mistakes and used these to improve my trading and analysis of potential trades. Economics first started with trade. Trade of one item for another item has been around since the beginning of civilization. Instead of simply trading items people began to use shells or metal like gold or silver to represent a value of an item. The values were negotiated between the buyer and seller. The current monetary system was started in this fashion. A piece of paper or metal coin came to replace these items and represented what something was worth. An item could be given a number of currency notes to represent its value. The currency wouldShow MoreRelatedThe Impact Of Economic Condition Of A Business Organization1433 Words   |  6 Pagesstructure of an organization along with the capital, labor and the markets of the products are the main focusing issues of economics for business. Moreover the establishment, changes and diversity of business structures greatly depends on business economics. 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