I
have started this blog for the purpose of sharing knowledge to my friends. I have couple of Years of Experience of trading. I used to earn 300$ while sitting in front of my computer for an hour. Some of the forex accounts I started a year back with a nominal investment of $500 and I turn $500 into $1000 in one week. I will show all the proof. Before starting this journey of forex, I would like to share the forex basics. because It is very important to learn the knowledge of forex as much as possible before investing any money.
Alert! Do not invest any money into forex before learning the tricks of forex.
Today i am going to tell you the basic of Forex.
In the forex market, the main instrument that is traded is the currency pair, which is the value
of one national or regional currency (i.e. base currency) against another currency (i.e. quote
currency). For example, the EUR/USD currency pair shows how many US dollars (USD) are
needed to buy one euro (EUR). The EUR is the base currency and the USD is the quote currency.
The same holds true for the USD/JPY currency pair, which signifies how many Japanese yen
(JPY) are needed to buy one US dollar (USD).
The two currency pairs highlighted above are part of a special group of currency pairs called the Majors. The Majors are the four most actively traded currency pairs in the forex market. They include:
• EUR/USD (euro vs. US dollar)
• USD/JPY (US dollar vs. Japanese yen)
• GBP/USD (British pound vs. US dollar)
• USD/CHF (US dollar vs. Swiss franc)
Other commonly traded currency pairs include: USD/CAD (US dollar vs. Canadian dollar), AUD/USD (Australian dollar vs. US dollar) and NZD/USD (New Zealand dollar vs. US dollar). You probably noticed that all of these tradeable currency pairs have the US dollar as either the base currency or the quote currency. This is no coincidence, as the US dollar accounts for roughly 90% of all currency transactions worldwide.
The flexibility of the foreign exchange market is one of its most attractive
features. Given the global nature of the market, currency trading is available
24 hours a day between Monday and Friday. This 24-hour period is broken
down into four overlapping sessions: Sydney (Australia), Tokyo (Japan),
London (England) and New York (United States). The vast majority of global currency trading
is concentrated in these financial centres. As of 2013 sales desks in the US, UK, Japan and
Singapore intermediated nearly three-quarters of all forex trades in the world.
If you found the lesson to be useful, Please like, comment and share it with your friends on twitter, facebook, GooglePlus, email etc.
have started this blog for the purpose of sharing knowledge to my friends. I have couple of Years of Experience of trading. I used to earn 300$ while sitting in front of my computer for an hour. Some of the forex accounts I started a year back with a nominal investment of $500 and I turn $500 into $1000 in one week. I will show all the proof. Before starting this journey of forex, I would like to share the forex basics. because It is very important to learn the knowledge of forex as much as possible before investing any money.
Alert! Do not invest any money into forex before learning the tricks of forex.
Today i am going to tell you the basic of Forex.
Introduction to Forex
In the forex market, the main instrument that is traded is the currency pair, which is the value
of one national or regional currency (i.e. base currency) against another currency (i.e. quote
currency). For example, the EUR/USD currency pair shows how many US dollars (USD) are
needed to buy one euro (EUR). The EUR is the base currency and the USD is the quote currency.
The same holds true for the USD/JPY currency pair, which signifies how many Japanese yen
(JPY) are needed to buy one US dollar (USD).The two currency pairs highlighted above are part of a special group of currency pairs called the Majors. The Majors are the four most actively traded currency pairs in the forex market. They include:
• EUR/USD (euro vs. US dollar)
• USD/JPY (US dollar vs. Japanese yen)
• GBP/USD (British pound vs. US dollar)
• USD/CHF (US dollar vs. Swiss franc)
Other commonly traded currency pairs include: USD/CAD (US dollar vs. Canadian dollar), AUD/USD (Australian dollar vs. US dollar) and NZD/USD (New Zealand dollar vs. US dollar). You probably noticed that all of these tradeable currency pairs have the US dollar as either the base currency or the quote currency. This is no coincidence, as the US dollar accounts for roughly 90% of all currency transactions worldwide.
Timing of Forex
The flexibility of the foreign exchange market is one of its most attractive
features. Given the global nature of the market, currency trading is available
24 hours a day between Monday and Friday. This 24-hour period is broken
down into four overlapping sessions: Sydney (Australia), Tokyo (Japan),
London (England) and New York (United States). The vast majority of global currency trading
is concentrated in these financial centres. As of 2013 sales desks in the US, UK, Japan and
Singapore intermediated nearly three-quarters of all forex trades in the world.If you found the lesson to be useful, Please like, comment and share it with your friends on twitter, facebook, GooglePlus, email etc.
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