Forex is a huge market in which foreign exchange takes place
The term "forex" refers to currency trading only. It is not indicative of all operations on currencies. The market operations in trading, speculation, hedging, and the development of communications and modern technology in the current era, Forex Trading Many real opportunities for anyone and in any given year, what you need is a computer connected to the Internet and a trading platform.
Try trading now
In 1971, Richard Nixon, President of the United States of America, expressed his dissatisfaction with the ease of conversion from the US dollar to gold. The Simthonian Agreement was signed in Washington DC in December 1971, which included changing the volatility ratio against the dollar from 1% to 1%. 4.5% and 9% for the dollar-free pairs, which put an end to the pair price stability system. These reforms were aimed at liberalizing the price of gold and exchange rates were fixed according to the gold price standard prior to these changes. For different currency pairs, resulted from You have created a new activity which is Forex trading, so that currency prices do not depend on the prices of gold, while relying on the supply and demand in the market on different currencies, and a new agreement was signed on the international currency system in the form of amendments to the IMF agreement in early 1976 during the meeting The IMF's ministers in Kingston, but some countries have expressed their rejection on the peg to the dollar and gold, and in 1978 the IMF agreed to these conditions, and since it was approved currency fluctuations became the principle of trading in the Forex market, and the new system is based on currencies Determine the size of the force The funds of the countries participating in the agreement are linked to the official value of gold, and the currency market has begun to be traded at flexible prices.
The establishment of the interest rate system has made central banks the right to influence currency exchange rates and influence the economic situation in the country through the implementation of certain measures. Exporters, importers and banks become involved in the liquidity of the currency and control its price. Was positive or the opposite.
Daily Forex Trading Volume:
In fact, there are no accurate and correct figures as there are no mandatory conditions for publishing or recording transaction data, but in 2005-06 the volume of trading in the daily Forex market was estimated at between $ 2 trillion and $ 4 trillion, Money to the margin trading system, which allows contracts to amounts beyond the real funds from both parties, and away from the objectives of operations, the large volume of trading guarantees high liquidity for the Forex market, and there are many characteristics in the margin trading is: No hierarchy, no need to capital Large, adjustable rate of profit and lettuce Rh, similarity operations are not in need of continuing education, and has become an attractive trading margin to start trading in the Forex market with a little money thanks to those distinctive characteristics.
You can define yourself in the currency market by demo accounts. For this purpose, you will only need to choose a broker you wish to deal with, install a trading platform and then register a demo account. Any business that generates profits or losses. Learn well and study the Forex market.
Learn to trade as a professional
Among the tools and areas that enable the person to learn well in the field of Forex is the presence of conferences and exhibitions specialized in the field of currency trading, which is held in the Arab countries sometimes, and these exhibitions are many of the workshops and lectures and meetings offered by several companies engaged in trading and major financial institutions Around the world, as well as the participation of Forex trading experts as well as a number of international banks. Therefore, there are real and great opportunities to develop their ability and to feed the person's information in the event of such exhibitions and conferences, and a great opportunity to identify and communicate with big traders with Experience deep and take advantage of their experiences, which may develop the capabilities person on trading in the currency market more professional.
Be very interested in following the agenda of the conference and registration and select the most important lectures and activities that you intend to attend and use them and set the time and accuracy in your own notebook so as not to miss something, and be careful in your choice of activities and workshops that are difficult to attend only in exhibitions and conferences, Your choice of any activity you can attend at any time outside the conference to get the most out of your available time and conference time in most cases as the conference is organized within a period of not more than one week.
Communicate with professionals and experts as much as possible in order to gain the most information and experience. It is therefore very important to be keen to attend the exhibition from the first day and register the membership until the last day of the conference so that you do not lack any important efficiency and always remember that the time of the conference is tight and not repeated frequently In Arab Countries.
If you can evaluate at the same hotel where the conference is organized, it is much better to be able to spend most of the time with Forex experts and professionals from around the world who usually stay in the same hotel and thus strengthen your relationship more and get a lot of information Experiences.
Conduct professionally with the fairs and conferences events. The owners of brokering companies are keen to follow up the new participants and provide their services and attract them to work with them and treat you in a professional manner that provides you with more of the best offers, as opposed to the conference and participate in the spirit of visitors and amateurs just for free time.
Print Business Card "Business Cards" so you can present yourself to experts and business owners at the time of interview and acquaintance.
It is also important that you get some electronic media for the conference activities, especially those that you did not attend to get more benefit. You can also acquire some electronic media for the workshops you attended, so that it is easy to review while you work and practice the strategies and applications you have learned. The hard you can use it in time for you.
Try to get personal cards for all Forex professionals and experts who can reach them and get acquainted with them during the conference, and make sure to request the data of companies participating in the exhibition and the conference so that you can communicate with them easily after the conclusion of the conference.
Learn Trading, What Are the Basics of Trading for Beginners?
Base Currency and Counter Currency:
One of the most important fundamentals that a novice trader should know in Forex is that the trading process is to buy a particular currency and sell a certain currency at the same time, because the exchange rate is determined by the price of another currency. The base is the first currency and the corresponding currency is the second currency. We consider the currency pair to be one unit you can handle on a buy and sell basis, and we all know that there are 4 major pairs of currencies in the currency market: USD / JPY, EUR / USD, GBP / USD, USD / CHF.
Demo account:
Trading companies or brokerage offers within the offer to beginner traders As we explained in previous articles that the demo account is a non-real account but be identical in everything with the real account and connects you directly as a currency trader already in the real market and be able to carry out buying and selling in the same manner You will trade in the market and use a real account. The difference is that you are trading in a demo account that trades only with real capital. This allows you to practice forex trading with full calmness and calmness so that you can train and learn well without fear or concern that you lose your top score. No For experience, beginners are always advised to continue using demo accounts even after creating real accounts.
0 comments
Post a Comment