What is Forex?

Forex Trading is the largest financial market in the world, with more than $ 5 trillion traded daily. This market is based on trading in global currencies. FOREIGN EXCHANGE means foreign exchange, and foreign exchange is intended to exchange foreign currency in another foreign currency for profit or loss as a result thereof.
How does the Forex / Forex market trade?
The process of trading in foreign currencies or Forex is by buying or selling currency pairs. Examples of major currency pairs: EUR / USD, USD / JPY, EUR / JPY, GBP / CHF, CAD / USD, and many other foreign currency pairs.
When you open a deal in the Forex / Forex markets, you are placing a position on a particular currency and placing a position on another currency. There is no specific central location for the Forex / Forex market, so it is one of the most flexible and available online trading for all investors from around the world.
Forex brokers, or so-called brokers, provide a trading platform to enable shoppers to transact online and connect this platform to the global market.

Is trading in Forex serious?
First, be careful not to put all the capital in a Forex account or different accounts, since the features of the currency market / Forex that you do not lose more than the size of the account, we do not recommend the deposit of funds can not afford to lose because it is possible to lose the entire head of the owner but will not lose more Of the amount deposited.
There are many risk mitigators in the Forex / Forex market and may not only be mitigated for risk but in return they help to make profits.
Among these means and equipment must be taken into account
: Trading based on market analysis (technical analysis of currencies and basic analysis of currencies)
Appropriate selection of trading systems, use of Forex / Forex recommendation providers, and Forex trading.
However, the best way to reduce risk, which is the long and arduous way, is to learn enough Forex related to the Forex markets, before you begin trading on real Forex accounts.
But most experts advise you to use a demo account for a certain period of time before you can make real money.
What are the Forex / Forex market hours?
The Forex market is characterized by its 24-hour operation. The Forex Day starts in Sydney, Australia and travels around the world via Tokyo, London and then New York according to the time it operates.
What is the difference or similarity between the Forex market and equity markets or mutual funds?
There are many things that are common to Forex markets, stock markets or other trading markets, but in general, you can say that the Forex markets are trading operations with a shorter life than operations in other markets. Most Forex traders do not leave their positions open overnight, with a fee called “extension fee”. The stock market is also much smaller than the currency market, making learning difficult.
How long will the forex / forex trading period remain?
There are no restrictions or conditions on closing transactions, where you can see a signal or get Forex recommendations for a particular currency or currencies to rise or fall to certain levels that may take days, weeks or months and without restrictions on closing transactions.

Do I have to have all the currencies to be able to trade in the Forex market?

Leave a Reply

Your email address will not be published. Required fields are marked *