 |
a class trader who can trade forex? Well, you are wrong. Here everyone can trade him or her and whatever his background. So for beginners feel free to explore the science of this.
Well, for you beginners who are still learning forex would not hurt you to know the first forex is like, understand the characteristics of forex products, its trading hours, and the factors affecting changes in forex rates.
What is forex?
The currency market or Forex (Foreign Exchange) is the largest investment market in the world and continues to grow rapidly each year. Based on data from 2013 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity of the Bank for International Settlements show that trading in the forex market averaging $ 5.3 trillion per day in April 2013. This is an increase of $ 4.0 trillion in April 2010 and $ 3.3 trillion in April 2007. this large trade volumes lead to high liquidity in the forex market. Increasingly easy forex trading online forex market liquidity continues to increase, thereby attracting greater participation of various types of circles.
When can you trade forex?
You can trade forex anytime except weekends, ie 24 hours a day and 5 days a week, with the biggest three trading sessions, namely the trading session Europe, Asia, and the United States. Live now you specify will be trading with short-term time span ( short term ) or long term ( long term ), it all depends on the type of trader. Surely forex strategy you will use must also consider the time of the trade.
What form of forex products?
Forex is traded in currency pairs ( currency pair ). Unlike the stock market, where you can buy or sell a single share, you have to buy one currency and selling another currency in the forex market. According to the 2013 Triennial Survey, the currency pairs most commonly traded is EURUSD: 24.1%, USDJPY: 18.3%, GBPUSD: 8.8% and the US dollar was involved in 87.0% of transactions, followed by the euro (33, 4%), yen (23.0%) and sterling (11.8%).
'Who' that could lead to changes in currency exchange rates?
One reason is supply and demand. When the world needs more dollars, it will result in the dollar value increase and when there is too much supply, then the price drops. The force that moves the stock market could also impact on changes in currency values. Other factors such as interest rates, new economic data from the largest countries and geopolitical tensions could also affect currency prices.
Where the heck we can trade forex?
You are a beginner who is still learning forex, now matter where you are you can trade forex is important that you are connected to the Internet network. How come, you might think so. Forex market development is very rapid and is accompanied by the growth of online forex broker to be your partner in trade was largely a very fitting. Online forex trading system is certainly very helpful, but you also have to be careful in choosing an online broker that is regulated to a security official you in trading. Many online brokers like FOREXimf.com very welcome at the beginners in the world of forex trading, as well as their trading partners, they also help and did not hesitate to share his knowledge to beginners who are learning forex.
Why should the hell forex trading?
Beginners who are learning forex probably many are asking what is the advantage of forex trading compared to other products? As already explained at the outset that the forex market is a very potential market in view of the high liquidity levels and of course continues to grow rapidly over time. Judging from the trading day, forex is suitable for all people around the world. Forex Trading is not necessary menuing buyers when we are going to sell or the seller when we are going to buy. The currency also traded in various sizes with a lot unit, the larger the size of the transaction, the greater the chances of the profits or losses in accordance principle ' high risk-high return '. The use of leverage as a lever to increase the value of the transaction to lose profits. In the forex trader may take profits when prices rise or fall ( two-way opportunity ).
All this potential is certainly very dear to you miss out, join and be one trader in the forex market. Is a beginner can succeed in the world of forex trading? Of course, it's possible, as long as willing to learn and practice.
Hopefully useful and happy trading.
