1、CHIFLEY： Forex is easy for everyone.Forex trading is as simple as you can imagine. The foreign exchange market is a global market. According to some estimates, it is 30 times the volume of the US stock market. This is just some figures. Forex is a term commonly used in foreign exchange. Investors in
2、 the foreign exchange market should understand the basics of how the money market works. Forex can be very easy to understand for beginners. How is this approach?Foreign exchange is to buy and sell currency in a currency pair. For example, if you buy dollars and sell pounds or you sell the German ma
3、rk and buy the yen. Why is the currency bought or sold? The answer is very simple; the government And the company needs to redeem the currency they buy and pay for different goods and services. This transaction accounts for 5% of all currency transactions, while the other 95% currency transactions a
4、re done by speculation and trading. In fact, many companies are in currency exchange rates. Buying foreign currencies at a low price to protect their financial investments. Another thing about the foreign exchange market is that the exchange rate is constantly changing. Therefore, the investor finan
5、cial manager tracks the exchange rate and the foreign exchange market on a daily basis.Traders involved in forex trading know that 85% of trades are only for the US dollar, Japanese yen, Euro, British pound, Swiss franc, Canadian dollar and Australian dollar. This is because they are the most liquid
6、 currency (you can simply buy and sell) In fact, even in countries like Afghanistan, Iraq and Vietnam, the dollar is the most recognized foreign currency).As a real 24/7 market, the currency trading market opens in financial centers like Sydney, Tokyo, London and New York. Investors and speculators
7、both reflect changes in the situation and simultaneously buy and sell currencies. In fact many Traders use arbitrage to operate two or more money markets to make a profit (buy in one market and then sell in another market or vice versa to profit from the advantage of price).Trading in Forex, traders
8、 should use a margin account. Quite simply, if you deposit US$ 1,000 and the leverage of the margin account is 100:1, you can buy US$ 100,000, since you only need 1% of US$100,000 Or US$1,000. This means that the real purchasing power of your hand using a margin account is US$ 100,000.Since the fore
9、ign exchange currency market is constantly fluctuating, traders should be able to understand the factors affecting the money market. This is done through technical analysis and fundamental analysis. The two trading instruments are in different other markets such as capital markets, stock markets, mu
10、tual funds. Markets, etc. are used. Technical analysis refers to observing, simplifying and analyzing data according to charts generated by the market. Fundamental analysis refers to factors affecting the market economy and how it affects currency transactions. Of course there are other economic and non-economic factors. Suddenly affecting foreign exchange transactions, such as 9/11 terrorist attacks, etc. Traders should have a savvy mind and a certain computing power to find gold in the foreign exchange market.
