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Forex Trading For Beginners by Daniel1991(m): 5:48pm On Feb 06, 2021
Welcome to this thread. I will put you through on what forex trading is and how to trading forex.

Please follow this trend not to miss any information.

Today, I will quickly put you through the Introduction of what Forex is.


Introduction
Forex is short for foreign exchange and refers simply to the conversion of one
currency into another. Currency exchange is vital to the functioning of the global
economy.
Goods that are produced in one country and sold in another necessitate
currency conversion. Consider, by way of example, that the popular iPhone is
assembled using components from at least five countries and is exported to no
fewer than 87 countries.

1 Given that Apple accounts for its earnings and pays
dividends in US dollars, payments to suppliers and the repatriation of profits will
require nearly a hundred separate foreign exchange transactions for only this one
product! When you apply this notion to the whole of the global economy, you
begin to understand the scope of currency exchange.

In fact, average daily turnover in the forex markets now exceeds $4 trillion. Spot
trading in the USD/EUR alone represents $400 billion—enough to earn it the
designated status of most traded financial asset in the world. By comparison, the
NYSE and Nasdaq combined account for perhaps $150 billion in daily equities
volume. Global foreign exchange volume has doubled over the last six years,
while equities volume has stagnated. Of course, this isn’t an apples-to-apples
comparison, but the point stands that the forex market is truly massive.
Meanwhile, the retail penetration of forex is minimal.

As I will explain in due
time, while many stockbrokers, bond brokers, and options brokers are all now
household names, retail forex brokers tend to be small and specialized and have
very little brand recognition outside of the forex niche. Ever heard of Charles
Schwab or E-Trade? How about FXCM or Gain Capital, two of the industry
leaders in retail forex? Case in point.
This contradiction is amazing to behold. It also partially explains the tremendous
retail growth in forex over the last few years and the inevitable continuation of
this growth over the next decade.

Simply, it seems that forex trading has moved
from a dark corner of the financial universe into the mainstream. An opportunity
that has long been ignored by the majority of individual investors has been
brought to the foreground, and the battle to profit from it has begun.

Let me give room for questions.

My next post will be on Wednesday. Follow this trend of you want to learn forex and want to make money from the market.

✌️

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