Forex

Forex

 is short for (foreign exchange) which consider as a form of many speculation, which trader can buy currency at one price and sell it at a higher price or sell currency at one price and buy it at lower price for making profits Forex know as foreign exchanges or currency trading, it is a decentralized global market where all worlds currencies trade, it is largest financial market, also most liquid market in the world with an average daily trading volume exceeding $5 trillion, Forex traded 24 hours, 5 days a week, across by world wild bank , institutions and individual traders, Forex has no centralized market place, currencies trade over the counter in wherever market is open at that time, Forex market is huge which close during the weekend only, also don’t close at the end of each business day, just shifts to different finical centers around the world, so it create many unique challenges which related with market systems, Forex is a global market that allows the exchange of one currency against another.

in Forex, trader easily find a buyer when trader think that the value of his currency will decrease and want to sell, also easily find a seller when trader think that the value of his currency will increase and want to buy, more over trader attempt to profit by buying or selling currencies and speculating on the direction of currencies which will be taken in the future, trader must know the basics of Forex pricing and placing, also must know how to create a long-term trading plan for a long-term success, more over must know the basic of fundamental analysis and how it can affect on Forex market, further more must know the charting basics which include bar charts and candle stick charts, in Forex trading process, trader go up to the counter, also notice a screen displaying different exchange rate for different currencies, than participate exchange one currency for anther according to his needs, after the end of this process ,the exchange rate will change , also will increase leading trader to get profits or will decrease leading trader to get losses.

there are a lot of world currencies, but major currencies in the world are euro for euro zone, usd for united states, jpy for Japan, cda for Canada, aud for Australia or other, also some of major currency pairs are eur/usd, usd/jpy, eur/gbp or other, major currency are more liquid and more common, so it is so wide-spread traded, some of minor currency are mxn, pln, nok or others, minor currency are less liquid , so it is so not frequently traded, the trader can use major Paris or minor currency according to his needs and goals.

in Forex, the day starts when traders wake up on Sydney then moves to Tokyo, London, Frankfurt and finally new York before trading starts again in Sydney, trader can sell or buy currency by opening free Forex demo account, all Forex trades involve two currencies, because the trader are betting on the value of one currency against another, euro is the first traded currency pair in the world, usd is the second traded currency pair in the world.