Forex Currency Trend Meter Software Forex, (a.k.a., FX or currency market), is the foreign exchange market. Each day, about $4 trillion (that's trillion with a "t") worth of global currencies change hands on this market. The forex operates 24 hours per day, 5 days per week, meaning that it is almost always in operation (except on weekends). The foreign exchange market is actually a de-centralized market for the trading of currencies. The purpose of the market is to promote international trade and investment, and it does so by allowing businesses to convert one currency to another. For example, a Japanese firm can import Chinese raw materials and pay for them in yuan renminbi (Chinese currency) rather than in yen (Japanese currency). The typical transaction is as follows: an individual, company, organization or government buys one type of currency, paying for it in another type of currency. Generally, currencies are bought and sold depending upon the direction the traders believe the currency is headed in terms of its value. Given this large number of daily transactions comprising the trillions of dollars worth of currency changing hands, the value of any given currency at any one time relative to that of any other currency is always changing. Some businesses buy and sell currency for the purposes of making future purchases for goods and services in the home currency of the product or service provider (as noted above). Meanwhile, others - mostly individual and institutional investors - make trades on the foreign currency market for the purposes of making money. These forex traders - whether amateur or professional - bank on their ability to spot trends and act upon them quickly. Of course, looking at macro trends - trends over days and weeks - is not enough to guarantee a successful trade; that's because these macro trends are actually composites of tons of micro trends that change on a moment-to-moment basis. It is these trends that investors need to read. If you are interested in becoming a successful player in the foreign currency market, you will need to have the ability to track the values of a given currency through time relative to another currency (say, the British pound or the U.S. Dollar). A simple version of this is known as a time-series graph or trend line. In addition to the trend graph, you'll need to view the data in order to make good decisions. Since the data itself (i..e, the value of the currencies) is always changing from minute to minute, you will need to have software, called forex currency trend meter software, which specifically tracks the value of any given currency through time. With this type of trend meter software, you can not only track the currency exchange, you can actually set it on auto-pilot to make trades for you. (Before you buy any such product, make sure you do your research into the feature set of each product available in order make sure you are buying the best one). Here is the way that the software works, from a high level view: 1. Install the software on your computer (or use one of the software maker's servers to run the software remotely).
2. Open a forex account (an easy process, usually done through the software maker). You can start with as little as $50. 3. Run the software. The software decides when to make trades, when to hold back. You can track your profits via an electronic dashboard. Forex Course