The foreign exchange, or forex, market is a virtual trading place where dealers buy and sell currencies. For example, if an overbought/oversold indicator (such as the stochastic oscillator or Williams %R) is showing an overbought condition, it is wise to wait for the security’s price to turn down and violate some other technical condition before shorting the security.
It doesn’t matter where you live or even where you are right now; as long as you have access to the internet, a trading terminal (a special program for trading Forex) and an account with a Forex broker, all the instruments and opportunities of Forex are open to you.
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However, you must understand that the SO is a lagging indicator and can produce alerts that you could misunderstand especially if you have just started using it.Â As such, you may have to continuously adjust your SO settings in order to maximize its performance in relation to the prevailing market conditions.
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