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What Is Forex Trading by Ifcmarkets247(m): 4:58pm On Apr 13, 2018 |
You may have asked yourself why you are getting interested in the Forex market, what attracts you that much and why you have decided to start trading. Actually, there may be many reasons, but let us note that the most important one is the independence. The advancement of the Internet made the market available around the globe and thus possible for people to trade online. The reason of the growing interest is the financial independence which is possible to gain through going deep into Forex and trading wisely. No matter you are a doctor, teacher, manager or a journalist, still you may be involved in this limitless market. Here you do not have to deal with any boss and bare someone’s appeal or anger; you are accountable only to your personality and thus are free to make your own decisions. Are you interested? My names are Timipre Ali Ekpiriyanre Let me introduce some important features about Forex market, which will help you in studying this interesting business and obtaining profit from it NOT: I will be updating you bit by bit so sit back and let me explain it to you For ordinary person not engaged in Forex trading, it is very easy to explain the definition of Forex with an example of travelling to different countries. When arriving at one country, the first thing to do for a visitor is to exchange the money of his/her country with the currency of the particular country. This process is itself participation in Forex market- exchange one currency for another. The term Forex stands for the Foreign Exchange and can be defined as an international currency market. Forex is very unique in its essence because it is everywhere neglecting the factor of time zone and geography. In contrast to other physical markets, where monopoly can exist, in Forex market despite the very different market participants, there is no any dominance, and the market remains out of any control. A question may arise: what is exchanged on Forex? The answer may be quite surprising for you: absolutely “nothing”. All the instruments, including the most popular currencies are not physically exchanged on the foreign exchange market. Market participants just conclude a bet among each other on the currency changes, leaving a margin hundreds times less than the volumes of this betting, and later one participant pays another the sum of the gain (such scheme is known as a margin trading). The rate of the currency is always changing, fluctuates, and this happens because of different factors. Due to these fluctuations it becomes possible to make a profit from speculative trades. Foreign Exchange is the World’s largest and most active market. It operates every day except the weekends, and its volume reaches up to $5 trillion a day and surely, the volume is different for various participants. Tomorrow i will be coming up with different topic titled The major Dealers of forex This Education is sponsored by http://www.ifcmarkets.com/ib/5580/en Have a nice Day ahead of you |
Re: What Is Forex Trading by charlie34: 10:48am On Jan 12, 2022 |
The best way to learn about trading on the forex market is through an online course. Although one-on-one training is more effective, an online course is still preferable to personal guidance. For more details about forex courses, browse this site. |
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