1. What is Forex?
Currency “FX” market trading or foreign exchange trading is the largest financial market in the world, where it is more than $ 3 trillion traded daily. And this market is on the basis of trading in global currency.
2. How is the trade in the Forex market?
Forex trading process in place through the purchase or sale of “pairs”, where the rolling trading currency against another. Examples of the major currency pairs: EUR / USD, USD / JPY, EUR / JPY, GBP / Swiss franc, Canadian dollar pair / US dollar, and others.
When you opened a deal (position) in the Forex market, you are the status of a “long” on a particular currency, and the status of “short” on the other currency. It is noteworthy that there is no central location specific to the Forex market, but this is one of the most trading and flexible types available online for all investors from around the world.
3. Is the process of trading in the Forex dangerous?
The short answer is “yes.” However, there are many possible means and methods used to reduce the risk. Among the things that must be considered to reduce the risk: trading, according to market analysis (technical analysis of currency and fundamental analysis of currencies), an appropriate choice for the trading systems, IT providers signals and Forex Signals, and trading via the Forex automated programs. However, the best way to reduce risk, and that is how hard and long, is that you in the forex markets Forex enough on education, before you start out on the real Forex trading account. But most experts recommend the use of Forex demo account for a certain period before you Baltdoual real money.
4. What are the work of the forex market hours?
Forex market is characterized as a 24-hour. Begins “Forex Day” in the city of Sydney in Australia and travels around the world via the “Tokyo” and then “London” and then “New York,” according to time working spouses are not allowed.
5. What is the difference or similarity between the forex and stock markets markets or mutual funds?
There is much in common between the Forex and stock markets markets or other trading markets, but in general, we can say that the Forex markets are the same age trading shorter than the processes that take place in other markets operations. Most traders in the Forex markets do not leave their positions open throughout the night, as it includes a fee called “extension fee”. The much smaller than the currency market the stock market, which makes the learning process more difficult.
6. How long are maintained positions Forex?
This mainly depends on the willingness of the rolling, but statistics show that 80% of the trading in the Forex lasts for 7 days or less, and that 40% of which expire in less than two days. In general, the traders in the forex markets to close their positions when they are making profits from these deals. While working “breakpoint loss” when the loss of up to a certain point, or when there become another status code and rolling decide to transfer money to them.
7. How often trading Forex markets?
Since most Asamasamarh not they impose a fee for opening new positions, and the market is open almost around the clock, the traders are opening multiple positions throughout the day. And based on recent studies, the positions opened by rolling daily rate is between ten and twenty position.