Forex – the largest and most liquid from all the world’s markets. Many people believe the best forex kind of business that you can do at home.Despite the fact that ordinary people (not only banks and large corporations) have the ability to trade forex for profit since 1998, a fashionable topic of conversation at parties, business meetings and other social events began trading recently.
It is no secret that with each passing day more and more investors join the world of online trading in the Forex market to make a profit. This is largely due to the many advantages of Forex, which are deprived of the traditional securities markets and commodities.
But nevertheless, when there is a new topic, only to begin to slip into the conversation, news articles, office gossip, you can not pick up a common misconception, your mind must be open to the perception of reliability of the information.
So, in this paper – my attempt to describe succinctly, without unnecessary details that is a FX (Foreign Exchange), and why it works.
As one successful trader said trading in the Forex market – it’s like that to pick up money lying on the floor. Do not trade is to wait until someone else will pick them. And they say, to trade in the Forex market would be like to make his computer ATM issuing money.
Next, I will explain (I think you would appreciate an explanation for dignity) that is Forex and how a lot of traders manage to get profit on it:
foreign currency exchange market Forex, or FX-market – the cash currency market.
Not to be confused with forex futures market, where you buy a contract to purchase the currency at a price set at the time of conclusion of the contract.
Forex trading is much less risky and more profitable than trading currencies on the futures market, and is much simpler than trading in the securities market.
So, you probably already interested in, where is mesto..ili … how to get to the Forex market?
The answer is: Forex is not tied to a particular trading floor and is not centralized like the stock exchange of the securities and futures markets.The forex market is considered to be off-exchange interbank market due to the fact that it operates entirely in electronic form, on the banks of the network 24 hours a day.
When you first hear about a completely electronic market, I know, you are likely intrigued.
That is, that the more you actually do when you are trading in the market of international interbank currency exchange Forex:
In fact, as well as major banks that use Forex to protect against exchange rate fluctuations of different currencies, a trader in the Forex market as an investor simultaneously exchanging one country’s currency for another currency. So, in fact, they sell the currency pair on the network, and the price charged to us – is the exchange rate of the two currencies.
In other words, the course or the designated currency price – the price of one currency expressed in the currency of another country.
Example:
Last exchange rate EUR / USD was 1.2850 – One Euro equals $ 1.2850 US dollar. The first currency pair (EUR in this example) is called the base, and the second (the dollar) quotes or currency exchange counter.
The daily volume of trading in the Forex market is about $ 1.5 trillion – that’s 30 times more than the total trading volume of all US equity markets. This means that 1,498,574 skilled traders can earn 1 million dollars every single day in the Forex market. And even after that Forex will remain in circulation more money than on the New York Stock Exchange for the day!
Forex plays a very important role in the global economy, there will always be a huge demand for his work. Development of international trade takes place with the development of technology and communication. A Forex will exist as long as there is international trade. Forex must operate to countries such as Japan, can sell their products, and the United States had the opportunity to exchange yen for dollars.
On the Forex market turns a lot of money that can traders can make money if they applied the correct trading tactics / strategies that allow them to make a profit. Only 5% of daily turnover comes from banks, governments and large corporations who need to hedge, the remaining 95% is speculation and profit.