Basic technical analysis for forex trading

If you are a forex trader, you are probably aware of the monumental profit potential of trading the foreign exchange market. Trading this huge market is really like trading the global economy itself, and the huge profits come from taking advantage of something called 'leverage.'

Let's say that you noticed that the real estate market in a particular area was really booming, so you wanted to work with a bank to acquire as many properties as possible in this area. The bank told you that instead of paying for all the homes yourself, you would only need to pay 1% and the bank would pay the other 99%. Not bad, eh? Read more...