Форум

Forex trading training.

The Forex market (from the English Forex, Foreign Exchange) is an international currency market. Exchange rates on the Forex market are constantly changing under the influence of various factors. In this market, banks, investment funds, exporters, importers, large and small companies, as well as individuals exchange some currencies for others. Part of the operations on the Forex market is carried out to service international trade and capital flows, and part - in order to make a profit by changing exchange rates. Private individuals are primarily interested in the opportunity to earn money in the Forex market. This article is devoted to this article. Trading on the Forex market or, in other words, trading on the Forex market (from English trading) is the execution of exchange operations from one currency to another. To participate in Forex trading, you only need an Internet-connected computer and a small initial capital. The larger the starting capital, the greater profit the trader can expect. Forex Trader (or Forex Trader) is a person who trades in the Forex market. The main advantages of the profession of a trader are a free work schedule, the absence of bosses and competitors, a great earning potential. Trading is an interesting, creative work, it is work for yourself. Forex Market Principles Since Forex is a currency exchange market, it is easiest to explain the principles of its work, comparing it with a currency exchange point known to each. What does Forex have in common with an exchange office? Both the exchange office and the Forex market exchange one currency for another. The exchange is carried out at the rate set at the time of the transaction. Both the exchange office and the Forex market have purchase and sale rates. The difference between these courses is called the spread. The spread determines the transaction cost for the client and, on the other hand, the income of the bank or company providing the currency exchange service. Both in the exchange office and in the Forex market, exchange rates change, since they depend on many factors. Therefore, if you correctly predict the future direction of the course, you can make a profit. Both in the exchange office and in the Forex market, operations are carried out through an intermediary (bank or forex company), and not directly between clients who want to make a currency exchange. What is the difference between Forex and an exchange office? In the exchange office, transactions with cash currencies are performed, while in the Forex market all operations are cashless. On the Forex market, operations are performed on a trading account opened with a forex company. This account is similar to a bank account. Access to the trading account is carried out from a computer via the Internet. The purpose of the operation in the exchange office is to get a different currency instead of the existing one. Therefore, the exchange office usually performs only one operation, for example, the purchase of euros for dollars. The purpose of working in the Forex market is to make profit as a result of exchange operations. Therefore, in the Forex market, two operations are usually performed, for example, first buying the euro for dollars, and then, after some time, selling the euro for dollars at a different rate. The first operation from this pair of counter transactions is called opening a position, and the second - closing a position. In the exchange office you can exchange only the amount of currency that the client has. On the Forex market, you can conclude transactions for amounts many times greater than the deposit available on the trading account. This is possible because the forex company provides the client with a leverage (leverage) for the operation. For example, with a starting deposit of $ 1,000 and a lever of 100, you can perform currency exchange operations for amounts up to $ 100,000. In the exchange office you can sell only the currency that the client has. On the Forex market there is the opportunity to sell any currency, and not just the one in which there is a deposit on the trading account. To complete the operation, a loan is automatically granted in the currency that is sold. Therefore, there is always the opportunity to sell, for example, British pounds for Japanese yens. In an exchange office, exchange rates change once or several times a day, and in the Forex market - several times a minute around the clock. This property of the Forex market is called dynamism. To view and analyze graphs of changes in exchange rates on the Forex market, special computer programs that work in real time are used. At the exchange office, the difference between the purchase and sale rates is quite large (reaches several percent), and in the Forex market the spread is very small (it amounts to hundredths of a percent). This fact, combined with dynamism, leads to the fact that you can play the spread at Forex and reach the breakeven point in just a few minutes. How to start trading in the Forex market? To start trading in the Forex market, you need to open a real trading account with a Forex company. In addition to real accounts, there are also virtual ones, also called training or demo accounts - such accounts are intended for training, and not for real trading.