John J.Murphy – Technical Analysis of Finacial Markets
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Product details
- Hardcover:576 pages
- Publisher:NYIF; 2nd Revised edition edition (Dec. 1998)
- Language:English
Synopsis
For both beginnners and experienced traders, this work describes the concepts of technical analysis and their applications. Murphy interprets the role of the technical forecasters and explains how they apply their techniques to the financial markets
What is Forex Trader?
Foreign exchange trader, or Forex Trader, means “”forex trader””. A foreign exchange trader is a person who exchanges and trades currencies on the foreign exchange market.
Forex traders are divided into two groups: Organizations and Individuals. Institutional traders are trading professionals who work for one or more financial institutions; meanwhile, Individual traders are those who trade themselves to make a profit.
Traders enter the forex market for a variety of purposes. There are people who trade for a living. There are people who trade to increase their income. Besides, there are also people who trade as a hobby. However, the ultimate destination of all forex traders is to seek profit from exchange rate differences.
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