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The following article was published in our article directory on August 30, 2013.
Learn more about SpinDistribute Article Distribution System.
Article Category: Finances
Author Name: Neil Aronson
When you ask most people what what is forex, chances are they will give you a confused look and shrug their shoulders in doubt. For many, the foreign exchange market (forex for short) is a mystifying, complex labyrinth known only to skilled financial wizards that toil anxiously 9 to 5 on their computer screens. However what most people do not know is that forex trading isn't at all complicated but requires only a bit of experience and support to deal with.
With billions of dollars in global currencies traded per minute on the foreign exchange market, it's no surprise that this is one of the most lucrative and volatile markets there are. Traders, on behalf of large banks and other financial institutions, are constantly scrambling to buy and sell currencies for their clients based on their own forecasts and computations.
In this dynamic market, you can never tell who's winning or who's losing. Forex trading is constantly changing and determining key economic variables like exchange rates, exports/imports and remittance values. That's what makes the forex market so liquid and challenging for traders and clients alike.
The modern foreign exchange market took its shape with the demise of the three-decade long Bretton-Woods Agreement around 1973. With the restoration of currency liberalization, drastic changes in global trade and growth followed. Currencies once backed by gold were instead replaced by a fiat-system whereby governments promise to repay citizens based on the face value of paper currencies.
Today, the U.S. dollar remains the foremost global trading currency, with other notable currencies like the Euro, British Pound, Japanese Yen, Chinese Yuan, Indian Rupee, Australian Dollar and Canadian Dollar. In 2010, according to the Triennial Central Bank Survey (coordinated by the Bank of International Settlements), daily average turnover in the forex market amounted to a whopping $3.98 trillion.
So what secret formula do you need to earn forex profits? Do you need a formal background in finance, econometrics or statistics? Do you need the most advanced forex software and computer systems? Or do you a well-staffed and skilled forex company that handles your portfolio? While each option has its own unique advantages, none can ensure that YOU as the customer actually learns from the whole process and can actually start making forex profits by yourself.
That's why you need Forex Mentor Pro. We understand that you genuinely want to learn by yourself firsthand what the forex market is all about and its various dynamics and intricacies. You want to actually buy and sell currencies in real time with all the tools available at your disposal. But what's more, you want a friendly advisor who can guide you through all the initial difficulties and hurdles that you may face.
By providing professional forex mentors to guide you step-by-step throughout, proven trading systems and real-time information, high-quality online video tutorials, educational material, daily video analysis, private members' forum access and ongoing customer help & support, Forex Mentor Pro will provide you with everything you need to start trading by yourself and earn a fortune while you do it.
The goal is to teach you proven trading systems that work. Based on extensive experience in trading currencies from all across the world, we know the techniques that are genuine and those that are scams. Our Forex Mentor Pro mentors will work with you step-by-step to teach you the skills you need to master forex trading and start making forex profits in no time.
Keywords: forex mentor pro, forex trading, forex profits
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