Know Your Forex History!
This stabilized the exchange rate for a while, but as the world's major economies began to change and grow at different rates, the rules of the system soon became outdated and limited.
Kindergarten
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Forex Market Players
It is important to understand the nature of the Forex spot market and to understand who the key players in the Forex market are.
Kindergarten
Forex Market Structure
Stock exchanges are forced by professionals to fulfill their clients' orders. Suppose the number of sellers suddenly exceeds the number of buyers. A specialist forced to fulfill a customer's order, in this case the seller, has a stack of inventory that cannot be sold to the buyer.
Kindergarten
Best Days of the Week to Trade Forex
Now we’ve learned that the London session is the busiest session, but there are also certain days of the week when all markets tend to move more. Know when is the best days of the week to execute a trade.
Kindergarten
Best Times of Day to Trade Forex
When do you choose the best time to trade forex? It is logical to choose while the two sessions overlap. If you thought so, you would be half right. Let's discuss some characteristics to see why the two sessions overlap.
Kindergarten
When Can You Trade Forex: New York Session
When European traders return from lunch break, the US session starts at 8:00 AM EST when traders start walking to their offices. As in Asia and Europe, there is one major financial center the market is paying attention to in the US session.
Kindergarten
When Can You Trade Forex: London Session
Their European colleagues are just starting their day, just as Asian market participants are closing stores. There are several financial centers throughout Europe, but market participants are focusing more on London.
Kindergarten
When Can You Trade Forex: Tokyo Session
For traders residing in Muritz ("USA"), trading days starts on Sunday evening at 5:00 pm ET (10:00 pm GMT). However, liquidity won't really come in until Tokyo reopens in a few hours. When the Tokyo session starts at 12:00 GMT, currency trading starts in Asia. The Tokyo Session is sometimes referred to as the Asian Session.
Kindergarten
Forex Trading Sessions
Now that you've learned what Forex is, why you should trade it, and who makes up the Forex market, it's time to figure out when a trading session is right for you to trade. It's time to see the differences between Forex trading sessions.
Kindergarten
Can You Get Rich By Trading Forex?
Forex Trading is NOT a Get-Rich-Quick Scheme. Forex trading is a skill that takes time to master.
Kindergarten
Demo Trade Your Way to Success
You can open a demo account for free with most Forex brokers. These "fake" accounts have most of the functionality of "real" accounts. But why is it free? Brokers want you to know inside and outside of their trading platform and have a good time trading risk-free so that you can fall in love with them and deposit real money.
Kindergarten
Types of Forex Orders “Would you like pips with that?”
An order is an offer you send using a broker's trading platform to open or close a trade when you have followed the instructions you specify. Basically, the term "order" refers to how to start or end a trade.
Kindergarten
Impress Your Date with Forex Lingo
You have to learn the lingo, just as you have to master any new skill ...... In other words, it's like trying to win the heart of your lover.
Kindergarten
What is a Spread in Forex Trading?
For a currency pair, forex brokers will provide you two prices: the bid and ask price. The "bid" is the price at which the base currency can be SOLD. The "ask" is the price at which the base currency can be BOUGHT.
Kindergarten
What is a Lot in Forex?
Forex is often transacted in lots, which are effectively the number of currency units you will buy or sell. A "lot" is a unit of measurement for the quantity of a transaction.
Kindergarten
What is a Pip in Forex?
You may have heard the terms "pips", "points", "pipettes" and "lots". Now I will explain what it is and how to calculate its value.
Kindergarten
Know When to Buy or Sell a Currency Pair
Forex trading entails attempting to forecast which currency will rise or fall in value in relation to another currency. When should you purchase or sell a currency pair? In the following cases, we will utilise fundamental analysis to determine whether to buy or sell a specific currency pair.
Kindergarten
How to Make Money Trading Forex
Placing a trade in the foreign exchange market is simple. The mechanics of a trade are very similar to those found in other financial markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
Kindergarten
The Different Ways To Trade Forex
Among the financial instruments, the most popular ones are retail forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), forex CFDs, and forex spread betting.
Kindergarten
Forex Market Size And Liquidity
Unlike other financial markets like the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), the forex market has neither a physical location nor a central exchange.
Kindergarten