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These forex trading videos will cover basic educational and training topics for new / beginning fx traders. However, they will also cover advanced trading strategies for those who’ve traded currencies for years.
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Seek education and gain experience before risking real money, but please always remember, your past performance does not guarantee future results.
What Is Forex?
The foreign exchange market (or “forex” for short) is the biggest financial market in the world, with over $4 trillion worth of transactions occurring every day. Simply, forex is the market in which currencies, or money, are traded in the interbanking system.
Forex Tutorial: What is Forex Trading?
By Investopedia Staff
What Is Forex?
The foreign exchange market is the “place” where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
What is the spot market?
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a “spot deal”. It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.
Note that you’ll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.
Forex Event Driven Trading Online, Live Forex Trading for New Traders… including ECB Press Conference..
Defining a Spike
Even if rate is accelerated compared to current previous background does not mean that you have on your own a real spike. As we went over in recently’s post, price typically increases ideal ahead of trendlines, only to strike, and reverse. These aren’t spikes, however rather just normal market behavior. More recent investors are likely to puzzle this with spikes. So before you also THINK of getting in a lengthy or short trade trying to “follow the flows” make damn sure you don’t have a trendline dead in advance. That’s called chasing rate, not thinking like a trader.
A true spike includes a minimum of one single bar with very large array at the start of the movement.
I generally describe 5 min bars when I say this. Smaller bars stacked in addition to one another in an allegorical activity aren’t spikes. They are simply aggressive fads. Please make certain you are covering this concept initially a foremost before reading forward.
If you discovered anything from the information that we just reviewed above, spikes need some type of details surprise in order to serve as a catalyst for the motion. Just then, based on that catalyst, can we then start to assess the longevity of the motion.
However to rest here as well as provide my very own statement of belief of reasoning behind spike extension versus failing is basically useless. I would most likely be here for weeks. As well as “summing it up” does little bit, too. The summary over must obtain you moving in the ideal instructions in that respect. However from a technological perspective, that’s an additional story, one which we describe via a couple of concepts currently.
Exactly how do currency markets work?
Unlike shares or assets, foreign exchange trading does not take place on exchanges but straight in between 2 events, in an over the counter (OTC) market. The foreign exchange market is run by an international network of banks, spread across 4 significant forex trading centres in different time zones: London, New York City, Sydney and also Tokyo. Due to the fact that there is no main place, you can trade forex 1 day a day.
There are three various sorts of foreign exchange market:
Area foreign exchange market:
The physical exchange of a currency set, which happens at the specific factor the profession is cleared up ie ‘instantly’ or within a short amount of time
Ahead foreign exchange market:
A contract is agreed to get or offer a set amount of a currency at a specified rate, to be settled at a set day in the future or within a series of future days
Future forex market:
A contract is agreed to acquire or sell a set amount of a provided money at an established rate and also date in the future. Unlike forwards, a futures contract is legitimately binding
A lot of investors guessing on foreign exchange prices will not prepare to take delivery of the money itself; instead they make currency exchange rate forecasts to make the most of rate movements on the market.
Matching different kinds of trading to an individual’s personality type is definitely no assurance for forex trading success. However, discovering a trading design that’s well fit to your personality type can help new investors find their feet as well as make the best moves in the market. Simply take the test as well as answer the 15 inquiries honestly to disclose which trading design is the ideal suitable for you.
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Alert about High Risk
Please note that trading in leveraged products might entail a considerable degree of risk as well as is not ideal for all investors. You need to not run the risk of more than you are prepared to shed. Before determining to trade, please ensure you recognize the risks entailed as well as take into consideration your degree of experience. Look for independent recommendations if required.