Search Users Study About Forex Event Driven Trading Currency, Live Forex Training for Beginners… and Experienced Currency Traders too!.
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If you are new at trading forex, let me teach you how to do technical and fundamental analysis of the currency trading markets. If you are an experienced forex trader, I can share with you strategies and techniques that I’ve been using for over 15 years of FX trading. Just ask!
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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.
Technical Analysis and Fundamental Trading Strategies Covered.
Questions and Participation Welcomed!
RISK WARNING
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 Currency, Live Forex Training for Beginners… and Experienced Currency Traders too!.
Spike Failures
Spike “failures” are just as common, if not more, than spikes that continue themselves. The reasoning behind is rather simple: high frequency formulas are trading right off the preliminary data release. As the data obtains absorbed, turnaround or continuation is established as investors commit.
There’s not too much to speak of here from a technological viewpoint apart from the truth of enjoying what occurs circa the initial pullback in rate.
Volatility Is Not a Plaything
Prior to we obtain as well much, I’m actually going to stop. Why? Because I know this idea can be secured of context. I intend to make certain I restate the key points below:
- Real spikes that proceed are unusual. If you’re attempting to trade in the direction of a spike, please describe this write-up in terms of capturing significant pullback retracement points, however utilize extreme caution as well as be sure to carefully asses the situation well ahead of trading time. Just be prepared and utilize good sense.
- Spike turnarounds are just as usual, if not even more, than spike continuations.
- When in doubt, avoid. Determining a sharp move in price is something, however it is just one part of the equation.
Undoubtedly, among my subconscious goals for today was to just elevate awareness as to exactly how ill-conceived commonplace techniques bordering spike trading can be. Spike trading is probably the riskiest as well as toughest of all kinds of trading, yet for one reason or another an idea exists that makes it appears like a very easy process.
More ahead on this subject … still getting started around these components. Many thanks for stopping by and also see you soon.
What is forex trading?
Forex, or foreign exchange, can be discussed as a network of purchasers and also sellers, who transfer currency between each other at a concurred price. It is the means whereby individuals, firms and also reserve banks transform one money right into one more if you have actually ever before travelled abroad, then it is likely you have actually made a forex purchase.
While a lot of forex is done for practical objectives, the vast bulk of currency conversion is undertaken with the goal of making a profit. The quantity of currency converted daily can make price activities of some currencies extremely unpredictable. It is this volatility that can make forex so eye-catching to investors: causing a greater opportunity of high earnings, while likewise increasing the risk.
So Bottom line:
Matching different types of trading to a person’s personality type is absolutely no guarantee for forex trading success. Nonetheless, locating a trading style that’s well suited to your personality type can assist new investors discover their feet and also make the best moves in the market. Just take the quiz as well as address the 15 questions honestly to expose which trading style is the appropriate fit for you.
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Risk Alert:
All items listed on our website TradingForexGuide.com are traded on leverage which indicates they lug a high level of financial risk and you can shed more than your down payments. These products are not ideal for all financiers. Please guarantee you fully comprehend the threats as well as meticulously consider your monetary situation and trading experience prior to trading. Look for independent suggestions if needed.
