Provident Financial Archives | about the Forex market

Doorstep lender Provident Financial has issued its second profit warning in months. It says it now expects to make losses

Before you begin to work on Forex market, you should be aware that it’s not possible to born as a professional of the stock exchange, you may become it. Don’t expect that the way from a beginner to a professional will be easy and pleasant. If you want to become a real professional on Forex market, you should constantly perfect yourself, extend your knowledge and consolidate your skills. The main danger of every financial market can be a sudden fall of quotations. The fall of the main index may turn out a crash for the same stock exchange. Actions’ devaluation may bring in its turn, to a failure of entire companies. Forex market functions in a little different way. Forex cannot fall so easily. Even the most drastic collapse of Dollar will mean the proportional rise of another currency, Euro for example. Any currency fall on any scale cannot bring to the total crash of the Forex market. The currencies’ sale will continue under the usual schedule: somebody will get profit, but somebody will bear losses. The currency exchange always was the most stable, and the currency was the most liquid and liable instrument for trade.

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