
APMID is known to go where the money is. That’s why we decided to venture into the world of the foreign exchange market. This might seem crazy, and on some level it certainly is, but I think it’s the right thing to do. While we did quite well in Poker (which is some sort of gambling just like Forex might seem), as one of the APMID fellows lived of Poker for several months, we will do equally well in Forex.
This new series of posts will document our journey. In this first entry, we will quickly review what Forex is and how the basics of trading works. Future posts will discuss technical indicators, programming of automated trading bots, automated trading algorithms and the development of own indicators.
Forex Trading and Understanding Exchange Rates
Forex stands for the foreign exchange and it’s the platform which let banks and individuals trade currencies. The foreign exchange market defines the current value of one currency in comparison to another, thus building the basis for international business.
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