Do you want to trade in bonds or bonds?
Guide to Forex Beginners
If you are going to trade in Forex, regardless of your goals and your knowledge, with so much passion, dedication and practice (with a demo account), you will realize your desire to earn money in the financial markets.
The first obstacle is probably to answer the following question?
In which market to invest? this can be a difficult choice, as there are several options, but you’re reading this article probably as an idea you’ve made, and you want to deepen the Forex speech.
What are we talking about
Today’s article wants to give you information about what it is, and how the Forex market works. In the same way, it wants you to make the right decisions in a safe and informed trading context by providing you with the basic information of the Forex market.
What is Forex
“Also called FX or currency trading, it’s a free market where you can exchange currencies.”
It is a global market, where prices are not regulated by governments as it is a free market. Buying and selling can be done from anywhere in the world and at any time (you can trade in the Forex market with over 100 currency pairs).
There are so popular currencies traded by the majority in the FX market, these are:
- The American dollar;
- The euro;
- Japanese yen;
- The British pound;
- The Swiss franc;
- The Australian dollar;
- The Canadian dollar.
The influences of the Forex market
What influences the trend of the currencies are the following forces:
- The activity of traders in the market;
- The economic conditions of a country;
- The security of a country;
- Productivity of a country;
- The policies of a country.
Who moves the Forex market
Forex market operators: they are a minimum percentage of the trading volume.
The institutions: these are the banks, central banks and commercial companies, which make up the bulk of FX trading volumes (daily trading volumes of billions of capital).
Central banks play an important role in evaluating a currency in the markets because they participate in trading in the Forex markets.
Start making Forex Trading
The Forex market is global, and accessible 24 hours a day, 5 days a week.
An authorized broker to entrust his trading in total security can be consulted on our Home.