πŸ“ˆFOREX TRADING for beginners 2019 πŸ‘ˆ [Tutorial What is it and how it works?]


if you’re trying to make money with trading Forex you’ve come to the right place let me show you in the following video why this method of invest is the right choice for you [Music] hello in this video I want to show you what is forex trading and what are the keys to trading correctly let’s go the vast majority have heard about the forex market but few people really know what forex is forex trading is not easy especially for those who want to learn to trade forex quickly and have unrealistic expectations it is very important to know that forex trading is not a quick way to get wealth. what is forex what is forex trading how to trade forex and to invest in forex tips for forex trading and more what is the forex market the foreign exchange market also known as forex is a global and decentralized market where currencies are traded each of these currencies has a conversion rate called the exchange rate for example if your USD has an exchange rate of 1 point 1 0 it means that first year are equals 1 point 1 0 US dollars Forex is one of the most liquid markets where the daily volume of transactions is 5 trillion dollars a day it is mainly used to facilitate operations and investments between countries the forex market is open 24 hours a day except the weekend opening in Sydney on Monday mornings and closing in New York on Friday afternoons are you a beginner and want to know more about the forex market you were in the right place what impact does it have the technology in the forex market three reasons forex market boom was thanks to accelerated economic growth technological advances internet one of the greatest achievements of the digital era is the virtualization of money if the printed money allowed to transfer credit between people through a simple ticket information technology or the Internet made this process as simple as pressing a button or touching a screen in the 90s this technology was recognized as a great opportunity and companies were created that allowed access to the currency market and leveraged accounts these companies became known as forex brokers and it is thanks to them that currently anyone who is only 10 euros in their pocket and an online platform can test their skills in the market what is forex trading to answer this question we will break down and define the two terms the term trading is the activity through which one product is exchanged for another you can trade with a multitude of instruments Forex commodities indices stocks crypto currencies etc the term Forex refers to the market in which some currencies are exchanged for others as well as other types of financial instruments therefore what is forex trading forex trading is an activity or even a profession through which currency pairs are bought and sold to speculate on the rise or fall in the price of these pairs this activity is open to anyone who is a computer and internet access forex trading is a type of daily of international trading states come even individuals like you operated currency everyday this trading is done through computer networks between traders around the world this is the main reason that the forex market or currency market is the largest and most liquid market in the world the most accessible and as a result also the one considered most dangerous best currencies to trade in for X let’s look at the most popular currencies that are available for traders the US dollar the Euro the pound sterling the Japanese yen the Swiss franc which make up the group of major Forex currency pairs euro to US dollar pound sterling to US dollar US dollar to Japanese yen US dollar to Swiss franc see how the US dollar is included in all pairs compound pairs of major currencies that do not include the US dollar are called cross pairs some examples are euro to pound sterling pound sterling to Japanese yen Swiss franc to pound sterling there are three other currencies that can be commonly found when trading in forex the New Zealand dollar the Canadian dollar the Australian dollar if you join them with the US dollar you will a group known as minor pairs New Zealand dollar to US dollar Canadian dollar to US dollar Australian dollar to US dollar all other pairs generally known as exotic make up less than 10% of all Forex transactions how forex works the general logic is simple everyone who begins to carry out the activity of trading has in mind the following question how to make money in forex the trader or operator of this market buys something what do you think’s it will increase in value or sells it when he thinks it will decrease in value for example he imagined that the euro today is worth one point two three four five euros once the market is analysed the trader thinks that this value will increase in the next 24 hours open it by operation today and wait the next day the euro is worth 1 comma 23 95 euros and the trader closes the order ensuring a profit of 50 pips how much money does this represent it will depend on the volume of money that the trader has invested in that particular operation the profit could be as much as 5000 euros as well as 50000 euros however delving into the previous example we see that things are a bit more complicated let’s start from the beginning steps to forex trading how to do forex trading after comparing several brokers and their types of trading accounts the trader opens a trading account and makes a deposit in it now you have several financial instruments that your disposal to start doing forex trading online the next thing the trader must do before starting to operate is to train on the instrument or market on which he wishes to operate acting in a hurry is not recommended although it could be interesting for certain trading styles or market situations but for this the trader must have experience the analysis is key and can cover as many aspects as the trader deems convenient but the most basic would be exact conditions to enter the market with an order money management estimated time of assumption of an operation volatility forecast for the period in question proximity of relevant economic facts and most importantly the conditions to exit the operation all this should be analyzed before any operation once again analysis is the key to trading in the Forex analyzing things is good for both the traders emotional aspect in the balance of his account the ability to find analyze synthesize and apply the information is what provides success in forex performing these actions is what makes the difference between success and failure and online trading after all these analyzes or preparations the operation itself is carried out by a simple mouse click using specially developed software which is commonly known as a trading terminal or trading platform clicking is the least important part of the negotiation the important thing is done before understand the context of the forex market to know how forex trading works you must first understand the operation of this market and therefore ask yourself the following questions what do I know about the basic principles of price formation of each asset in the world what is the underlying structure of the trading industry what is the nature of international economic interactions what are the fundamental principles and technical analysis of the market what are the psychological peculiarities of being a trader what really happens when a trader presses a button offer and demand in economics offer a demand is a model that explains the formation of prices in a free competition market merchandise prices are established at a point where the quantity demanded by the consumer is balanced with the quantity supplied by the producer the constant change in supply and demand of currency pairs is what the Forex charts represent the philosophy of the price balance is key to understanding how forex trading works since all economic events in the world are relevant to the market but only they influence the offer and demand of the asset drawn my map of the industry before you get lost when you think about how the forex market works imagine an ever-changing ocean there are many fish in that ocean from large to small depending on their purchasing power there are also decisions about monetary policies and trading that cause big waves unbalancing the prices of most assets there are medium sized fish private investors companies with coverage needs and private banks and then there are small participants financial brokers smaller banks and low capitalization investors most of the market participants mentioned above have direct interbank access to forex which is the market where all the magic of currency exchange occurs they can enter it simply because it is over a certain threshold of funds this means that they can operate among themselves without having to go through intermediaries the smaller participants who are interpreted as the financial ocean plankton try to survive long enough to grow more as a forex retail trader which of course includes you the buying power of an occasional trader is generally so small compared to the big fish that a forex broker or a needs to provide you with a leveraged trading account and market access through the trading servers understanding how the forex market works as well as one’s position on the scale of things will inspire the necessary caution when it comes to trading Forex is the foreign exchange currencies unlike other stock assets are economic tools as well as economic indicators generally speaking if countries were companies currencies would be their stock policies and central banks are the biggest adjusters of the capital supply which makes decisions about their monetary policies a primary factor in influencing forex trading and how it works the most obvious and simple example would be the interest rates established by the National Bank of each country in the world like the US dollar the euro the pound sterling in the Japanese yen they are the world’s most traded currencies the Federal Reserve the European Central Bank the Bank of England and the Bank of Japan are respectively the big fish of the ocean understanding how this can affect the economy will help you understand how the forex market works attentive to interest rates when interest rates rise something that only national banks can do it is more expensive for market participants to borrow that currency from the central bank momentarily this causes a shortage in the supply of the currency and drives its upward price what is good right who does not want to solid national currency well it’s really not like that in the short term this means that there will be less capital to develop business relationships less national income and finally a slower economic growth however it also slows inflation and the inevitable rise of debt which in the long term is good alternatively when interest rates are cut all market participants can borrow more capital momentarily a surplus is created in the capital supply and the price of the currency Falls in the short term this means an expansion and company’s increased by national expenses and the growth of the economy does it sound really good well again not really the more money borrowed the more capital is owned in the long term the credit accumulated in the bank falls on everyone’s heads as if a great storm created a financial crisis this is called the economic macro cycle this process is common in all capitalist economies national banks are continually trying to balance scales by raising and lowering interest rates it is what is called the micro economic cycle these economic cycles are similar to the cycles of climate change slow unstoppable and very dangerous for market participants who cannot see when they arrive well for now it’s all in the following video I will reveal the great secret to operate correctly we will talk about two aspects that professional forex traders implement to have between 70 and 80 percent success in their operations this is your Holy Grail between trading subscribe to my channel and activate the Bell right now for more videos

1 thought on “πŸ“ˆFOREX TRADING for beginners 2019 πŸ‘ˆ [Tutorial What is it and how it works?]”

  1. πŸ”₯π“π‘π€πƒπˆππ† π…πŽπ‘π„π— to Beginners πŸπŸŽπŸπŸ— β–ΊInitial Knowledge of the Forex Market to start with the analytical foundation and operate successfully!

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