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− | What Is Forex? Quick tips Into the Realm of Currencies
| + | == Краткое описание == |
− | | + | XXIII Театральный фестиваль |
− | | + | Спектакль «Где же бабушка?» |
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− | So let's begin! What's Forex?
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− | Forex is an acronym for Foreign currency. The foreign currency is a currency market where currencies are traded. It represents the largest financial market on the planet with daily trading volume exceeding $4 trillion. Just to compare, other real estate markets for example equities at $50 billion daily trading volume, and also the futures market at $30 billion in daily volume you can start to realize the size of your pet and more importantly the infinite trading opportunities that lie before you!
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− | The foreign exchange market is really a Round-the-clock market running from Monday morning in Tokyo to Friday evening in Ny - non-stop action around the world! This can be different vastly in the other real estate markets (like stock markets and commodities exchanges) which open at the outset of and close at the end of their trading day. They're directly associated with time zone that they're in which means they are much harder to trade. So for example, for someone residing in Australia, when they desired to trade the US stock market they would have to be up through the night to do so due to the time difference. You will have no such problems in Forex! You can trade at any time, anytime you like. Obviously, the best times to trade are when the biggest investing arenas are open - that is the US and European markets - as the biggest players are to play and liquidity is at its highest.
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− | [http://www.alivenotdead.com/charleserickson7/What-s-Forex-currency-trading-Earning-money-With-Foreign-Currency-Exchange-profile-2348315.html what is forex trading]
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− | Players which come into this market vary significantly, its possibly the only marketplace and you'll discover traders with $500 accounts trading against big players (and winning!) for example hedge funds, large banks, corporations and governments!
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− | So I get what Forex is, but explain Forex Trading!
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− | Essentially, Forex currency trading means exchanging once currency with another, for a period of time, for any profit. In this business (yes it's a business) you're basically speculating that, for several reasons, you expect that the currency will go down or up in relation to another currency and you are willing to bet a certain amount of your capital to profit from that idea. For instance, you may expect the Euro to increase from the US Dollar, which means you buy Euro's then sell US Dollars. Once the Euro actually goes up, marketing the Euro's, buy US Dollars and take your profit.
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− | Fundamental economic news and political situations play a huge role in the fluctuation in value of a currency for just about any given country. I will be going into much more detail about this in the Fundamental vs Technical trading article which you will be posting in this series!
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