In trading the stock market you should have a sound fundamental analysis of the stocks you are trading. You should have reasons why you are buying shares of stocks of a certain company, it could be a new products they'll be introducing to the market; a new contract that was just signed that will bring more revenue; a new CEO perhaps that could turn around the business in the coming years or probably a new acquisition or merger that will strengthen further their current market share. You can get this information from the company's website in most cases or from the stock exchange disclosures and Securities and Exchange commission.
But when it comes to trading forex it a new and different ball game. Here you buy and sell currencies at the same time. If you are looking to buy the Euro/USD or EuroDollar you are actually buying Euros and selling US dollar at the same time. Technically speaking you are expecting the Euro to move up in value against the US dollar or in another completely the same terms, you are expecting US dollar to lose value against the Euro.
Just the thought of it makes the forex market more complex than any market in particular...you say...but once you get to understand how this market works you'll find that it is not that complicated really.
To better understand how this market works I suggest you find time to read about it and if you have time this coming Feb. 9, 2013, Saturday, a successful Filipino forex trader and teacher is giving a forex orientation seminar. Mark So has a unique style in teaching how the forex market works altogether.
If you would like to learn more about forex visit their seminar site at http://www.topforexseminars.com/
