how forex market works?
TRANSCRIPT
What is a Forex Market?● Forex Market is a place where traders buy and sell currencies.● Currencies like : USD, EUR, CAD ● Almost 4 billion dollars of currency traded each day .
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How to Start Trading Forex?
#Step 1The first step is to learn about Forex trading.Both technical and fundamental analysis are used by professional traders to trade Forex successfully.
#Step 2 The second thing is to practice your knowledge using a Forex demo account for at least six months.[Just google “ Forex Demo account” you will find multiple broker’s websites thatprovide it]
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How Traders Benefit From Forex?
Traders make money from Forex markets by buying or selling currency pairs.For example:If you expect that the price of a particular currency will rise:you will buy (long position) it and vice versa (Short position).
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Why Forex and Not Stock Market?
For Stocks:● you need a significant amount of money to invest ($100 000 at least).● you are obligated to buy shares to get dividends as a benefit or to speculate them.● Stock Market need Solid experience.● Weak liquidity and volatility.
For Forex:● You don’t need a significant amount of money to invest ($1000 is enough!).● 1 year of experience is enough.● Very liquid and volatile market.
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How Currencies Work?
● The price of a currency is defined according to the currency supply and demand.● Major pairs are: EUR/USD, GBP/USD, USD/JPY, and USD/CHF.● USD is the only currency pegged to gold.● The major worldwide currency and the most liquid currency is USD.
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The importance of Risk Management
● Successful Forex traders practice Risk management well.● Trading Forex without setting a Risk Management strategy is a waste of time and money.● If you apply the rules of risk management you can benefit from financial markets even if you
have a risk/reward ratio of 50%.
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Forex Market Hours
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Forex Market Center
Time Zone OpensGMT
ClosesGMT
FrankfurtGermany
Europe/Berlin 06:00 AM17-August-2015
02:00 PM17-August-2015
LondonGreat Britain
Europe/London 07:00 AM17-August-201
03:00 PM17-August-2015
New YorkUnited States
America/New_York 12:00 PM17-August-2015
08:00 PM17-August-2015
SydneyAustrailia
Australia/Sydney 10:00 PM16-August-2015
06:00 AM17-August-2015
TokyoJapan
Asia/Tokyo 11:00 PM16-August-2015
07:00 AM17-August-2015
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www.investoune.com