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A cappuccino here in London costs around $4, your time is much more valuable :I can say that, with my course, you will have a path to follow and you will avoid wrong concepts that I applied at the beginning of my career, you will avoid many mistakes and you will learn in 3 hours what took me years, but again, you will not become a millionaire in one week!Forex Trading For Beginners 2017 How To Trade Options For Beginners 2017 Forex is short for foreign exchange, but the actual asset class we are referring to is currencies. Foreign exchange is the act of changing one country's currency into another country's currency for a variety of reasons, usually for tourism or commerce. Due to the fact that business is global there is a need to transact with most other countries in their own particular currency. After the accord at Bret ton Woods in 1971, when currencies were allowed to float freely against one another, the values of individual currencies have varied, which has given rise to the need for foreign exchange services. This service has been taken up by the commercial and investment banks on behalf of their clients, but has simultaneously provided a speculative environment for trading one currency against another using the internet. You won't even be a millionaire in three years. In fact, if you're starting Forex with the hope of becoming rich quick, you may want to reconsider the decision entirely. Creating instant wealth is a highly unrealistic goal. For one, there are too many factors a trader cannot control which play a key role in how much they make. Secondly, traders who enter Forex under the pretense of earning easy money are more prone to making mistakes and falling for Forex traps all of which ensure that you lose more than you gain. If you are serious about creating a Forex trading career, you need to leave unrealistic expectations at the door and understand that Forex is like anything; it requires hard work, patience, and lots of discipline.

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Article Tags: Automated Forex, Forex Trading Source: ABOUT THE AUTHOR Brendan Wilson is a professional Forex Trader with 5 years experience.

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The objective of this section is to keep you update about recent developments in forex market, and to share strategies and experiences of analysts, strategists, and successful traders.

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Before the end of the gold standard, gold was the preferred reserve currency.