Page 1 of 253 1231151101 ... LastLast
Results 1 to 10 of 2527

Thread: Basics of Forex market.

  1. #1
    Administrator Moderator's Avatar
    Join Date
    Oct 2011
    Posts
    1,428

    Basics of Forex market.

    This is the place to post and discuss information about the history and organization of work in Forex market.

    Best Regards, Tom Rink
    IAFT working with us brings you more profit!
    forumtradersunion.com


  2. #2

    Re: Basics of Forex market.

    The foreign exchange market (forex, FX, or currency market) is a global, worldwide-decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
    The foreign exchange market assists international trade and investment, by enabling currency conversion. For example, it permits a business in the United States to import goods from the United Kingdom and pay pound sterling, even though its income is in United States dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.
    In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states after World War II), when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
    The foreign exchange market is unique because of
    • its huge trading volume representing the largest asset class in the world leading to high liquidity;
      its geographical dispersion;
      its continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday;
      the variety of factors that affect exchange rates;
      the low margins of relative profit compared with other markets of fixed income; and
      the use of leverage to enhance profit and loss margins and with respect to account size.

    As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. According to the Bank for International Settlements, as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007. Some firms specializing on foreign exchange market had put the average daily turnover in excess of US$4 trillion.
    The $3.98 trillion break-down is as follows:
    • $1.490 trillion in spot transactions
      $475 billion in outright forwards
      $1.765 trillion in foreign exchange swaps
      $43 billion currency swaps
      $207 billion in options and other products


    from Wikipedia

  3. #3
    Junior Member
    Join Date
    Jan 2012
    Posts
    22

    Re: Basics of Forex market.

    i think for newbies start forex trading in demo account where they learn about gain and loss money and also knows about analysis fundamental and technical .

  4. #4
    Junior Member
    Join Date
    Oct 2011
    Posts
    20

    Re: Basics of Forex market.

    The foreign exchange ("forex" or "FX") currency market is not traded on a regulated exchange like stocks and commodities. Rather, the market consists of a network of financial institutions and retail trading brokers which each have their own individual hours of operation. Since most participants trade between the hours of 8:00 a.m. and 4:00 p.m. in their local time zone, these times are used as the market open and close times, respectively.
    I only ask to be free. The butterflies are free.
    Charles Dickens

  5. #5
    Junior Member
    Join Date
    Jan 2012
    Posts
    2

    Re: Basics of Forex market.

    all begginners will start educate himself and do strategy testing thru demo account

  6. #6

    Re: Basics of Forex market.

    One of the basic trading styles is swing trading, it is when searching for profit from short to medium terms swings in the corridor. It can go on for days or hours depending on market situation.
    Everything comes gradually at its appointed hour.

  7. #7
    Senior Member
    Join Date
    Apr 2012
    Location
    Lahore
    Posts
    9,759

    Re: Basics of Forex market.

    A new trader should learn the basics of this market from different websites on the internet, and then watch forex trading videos on youtube

  8. #8
    Junior Member
    Join Date
    May 2012
    Posts
    2

    Re: Basics of Forex market.

    I'd suggest to register for a webinar. It will cost you something, but I think it surely worth it.
    He who knows others is wise. He who knows himself is enlightened.

  9. #9
    Senior Member
    Join Date
    Sep 2012
    Posts
    415
    Nowadays many traders can find much useful information about the Forex basics. Concerning webinars you can find free of charge ones. All you need is to register as a member and enjoy studying.

  10. #10
    Senior Member
    Join Date
    Aug 2012
    Posts
    5,211
    Forex is a biggest financial market and now days it's in full power a lot of traders are joining this field because it's have much potential and biggest investors of different countries are involve here.
    Nothing is impossible, the word itself says 'I'm possible'!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
loaded:ok