What is Forex ?

What is Forex ?


Trading in Forex—the foreign currency exchange—is sometimes viewed as pure speculation . The potential for profit and, conversely, loss, are on average higher than in other commodities markets .
In Forex, rise and fall of currencies or pair directly dependent on the political, economical or social changes of particular country, also such fluctuation can occur due to change in quotes or policies of banks.
there are means of mitigating potential losses, while maintaining the same opportunity for extremely high profit. The Foreign Exchange is the world’s largest financial market, with over $3 trillion traded daily.
Forex is a good platform for people wishing to invest in economic or trade market, but Forex being a market of fluctuations and inflation is not an easy thing. Forex trading is full of terms and tools that need to be understood for the right buying and selling steps. Specially, if you are someone new to the world of foreign exchange learning Forex trading can be the right way to start with.

Forex market is 100 times larger than the New York Stock Exchange,and triple the size of the US Equity and Treasury markets combined.

Forex is an over-the-counter market (no central trading arena), meaning that transactions are conducted via telephone or internet by a global, decentralized network of banks, multinational corporations, importers and exporters, brokers and currency traders.

When beginning with Forex it is important to keep in mind that key to successful trading is patience and discipline.

Good luck

How to start Forex online trading ?

How to start Forex online trading ?

Anyone who has internet connection with reasonable capital can trade online forex .

first : you should know the basics of online trading .she process of buying and selling of currencies and making profit out of it.

For example you may buy one mini-lot of EUR/USD at 1.3100 and set the stop loss at 1.2980. It pose a risk of $20. When the price rises, you may buy a second mini-lot at say, 1.3120 and set the stop at 1.3100 with raising the stop of the first lot to 1.3100. Now you have two lots with overall risk still at $20.

You can always look for learning Forex all over again if you are a regular trader who finds it hard to cope with the stress and emotional outcomes of a trading result or if you still don’t know what is day trading and is holding position good, if yes, for how long should you be holding your positions or what difference is it makes if you deal with a Major or Minor pair.
Major currencies are strong currencies such as US dollar,and Euro .

Before starting trading :

open an account with a dependable broker who corresponds to your requirements. But before opening the account with the broker you must be quick enough to respond to your queries .In order to be profitable in the trade you should be able to control the amount of risk.

Good luck