Forex story by USA 2017. Foreign Exchange market.


Welcome to the market of future!

A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

The FX market is considered an Over The Counter (OTC) or interbank market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets.

For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

Forex's basics.

Reading a foreign exchange quote may seem a bit confusing at first. However, it's really quite simple if you remember two things:
1) The first currency listed first is the base currency and
2) the value of the base currency is always 1.
The US dollar is the centerpiece of the Forex market and is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair. For example, a quote of USD/JPY 107.46 means that one U.S. dollar is equal to 107.46 Japanese yen.

When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote we previously mentioned increases to 112.01, the dollar is stronger because it will now buy more yen than before.

The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.4366, meaning that one British pound equals 1.4366 U.S. dollars.

In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one pound, euro or Australian dollar.

In other words, if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening.

Currency pairs that do not involve the U.S. dollar are called cross currencies, but the premise is the same. For example, a quote of EUR/JPY 127.95 signifies that one Euro is equal to 127.95 Japanese yen.

When trading forex you will often see a two-sided quote, consisting of a 'bid' and 'offer'. The 'bid' is the price at which you can sell the base currency (at the same time buying the counter currency). The 'ask' is the price at which you can buy the base currency (at the same time selling the counter currency).

Forex is a market with high risk investment.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade in the foreign currencies market exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

How to succeed in your personal trading.

We can recommend you some good trading systems and courses.

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eToro - Social Trading is the smarter way to trade. :: Welcome to the world’s largest investment network. As the leader in social trading, eToro provides a simple, transparent and enjoyable way to invest and trade in currencies, commodities and indices online. See who is trading what in real-time, follow the best performing traders and automatically copy what the best traders do. It’s the smarter way to trade. With more than 1.5 million users worldwide we make financial markets accessible to everyone.
More info about "Social Trading eToro". →

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Forex Mentor :: Peter Bain is the Internet’s #1 Forex coach and mentor. He is famous for his unique ability to uncover new and innovative ways to harness the power of the Forex. He is the author of the hot seller "How to Trade Like a Pro in One Hour", which has sold in over 55 countries. Peter has long been known for his passion for commodity and currency trading. Peter learned trading in the early days of his career from some of the top traders in trading houses. Over the years, he has developed his instincts for a simple yet powerful trading system based on his Pivot program which has be continuously refined over the years. His system is the same system used by many trading houses today. Peter teaches his system to account and fund managers, bank traders and individual investors.
More info about "Forex Mentor Peter Bain". →

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FX PowerCourse :: FXCM developed the FX Power Course to help its clients become better traders. FXCM has over 50,000 individual and institutional clients, executing more than a million trades per month. The content included in the FX Power Course is based on observing both the successes and failures of FXCM's thousands of clients. In the course, FXCM teaches both the strategies and behavioral habits of successful traders and how to avoid common trading mistakes. If you complete the FX Power Course and engage in course activities, you will have a solid foundation to begin currency trading. There is no magic formula for successful trading. However, the more effort you put into improving your trading skills and knowledge, the greater your chance of success. To make your efforts more effective, FXCM provides instructors to help you through the learning process. FX Power Course instructors are forex experts and go through a rigorous training process before being allowed to teach. FXCM believes what makes the FX Power Course exceptional is the personal instruction students receive during the course.
More info about "FX PowerCourse". →

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Happy Trading to you!