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    Thread: What is Forex?

    1. #1
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      Default What is Forex?

      What exactly is Forex trading?


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      Forex trading is the art of trying to profit from an increase or decrease in the exchange rate between the currencies of two countries. It is considered to be an art because it is mostly based on subjective evaluations of a market scenario. The art of trading is comprised of three methods: Technical Analysis, Fundamental Analysis, and Quantitative Analysis. Whereas Technical Analysis and Fundamental Analysis have been systematised, there is no systematic training or process for becoming a quant trader (as Quantitative Analysis practitioners are often called). Forex is the popular name for the spot market/segment of the foreign exchange market. There is also the foreign exchange futures market and the forwards and currency swap market segment. Retail forex traders operate in the spot foreign exchange market (popularly called forex).

      Most people who engage in forex trading do so through forex brokers who help them to place trades in the markets. This kind of trading is mainly done in the retail segment of the forex markets. There is, however, another kind of trading that is done in a different segment of the foreign exchange markets called the interbank market. Here, professional bank traders trade for their institutions and deal among themselves - retail traders cannot operate in the interbank market because deal sizes and trading volumes are in millions or billions of currency units (e.g. USD 1,000,000 , EUR 1,000,000).

      The foreign exchange market, comprising the spot currency market (i.e. forex), the forwards/currency swap market, the futures and options markets, is the largest market (financial or otherwise) in the world. According to Wikipedia, the Foreign Exchange Market is estimated to have an average daily trading volume of $5.09 trillion.

      The forex market is complex, hence trading in the market is not a simple matter. That notwithstanding, many people all over the world are drawn to forex trading either as a sole source of income or as an additional source of income (ostensibly because of the huge potential profits that can be made from trading currencies in the market). Those who make it in the forex markets, make it really big; those who lose, lose really hard.


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    5. #3
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      I think Forex means The Foreign Exchange Market or The Large World Online Currency Market. It's includes all aspects of Selling, Buying and Exchanging currencies at current and determined price.
      Forex world more high popular online trading business and best online earning source for all people because Forex business made for all. Forex more high profitable business but risky business too. If we hard work and properly follow all Forex rules on trading then we may success and achieve unlimited profit from Forex because their are no limit earning in Forex business. For this reason Forex so popular online trading business all over the world and people choose and love Forex business.
      Everybody should first try to find our real broker before start trading in Forex. I am choose one of best Forex broker "InstaForex broker" for trading in Forex. Thank you.


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      What is Forex?
      What is Forex?
      It is what i do!

      Trading, meaning buying and selling in an attempt to make profits. I am trying to make my equity grow bigger. That basically is trading. Sure i have a big plan and many things but that is that.

      What then is trading and what is Forex trading? Well that is Trading, as described by me, when using the Forex instruments to do this. It is not really a complicated matter since we are talking about buying and selling differences in values of currencies, put against each other. When you think about it the world is at one size at all times, the worlds money or let's call it energy is at one size. The only thing that really happens then when money changes hands is the distribution of said energy / money. Because of this fact Forex trading is not at all complicated. This is also the reason that i trade mean reversal hedging in my systems.

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      The foreign exchange market (Also called Forex, **, or currency market) is a global decentralized or over-the-counter market for the general trading of currencies and these currencies are traded in pairs. This market determines the foreign exchange rate of each Countries currencies around the Globe. In Forex we have many types of pairs like Major pairs, Exotic pairs, Minor pairs and currency crosses. Some examples of pairs :
      Major pairs : AUD/USD, GBP/USD, EUR/USD, USD/JPY.
      Minor pairs : EUR/JPY, EUR/GBP, GBP/CHF, AUD/NZD.
      Currency crosses : EUR/AUD, GBP/JPY.
      Exotic Pairs : CAD/SGD, EUR/TRY.

      So at the end of the day a Forex trader should decide which type of Forex currency pair/pairs that they are mainly going to focus on when they are trading in the Forex Markets.


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    11. #6
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      Forex trading is buying and selling different currencies from different countries in hopes of making money on their exchange rate..Since currencies fluctuate, the difference would be the profit. An example would be if you go to an exchange and have 1000 U.S dollars to buy yen. After some time, you want to exchange the yen back to dollars. You receive $2000. You profit $1000 exchanging these currencies. The first currency (us dollars)is the base and it goes up or down against the second currency. You can speculate the market by buying if you think that the currency will go up and selling if it will go down.






      Foreign exchange trading can take place at different forex markets throughout the world, online or even on your smart phone. Most forex trading takes place between the investor and broker. A broker is given a fee for his/her services.You can trade forex 24 hours a day, 5 and half days a week at different time sessions such as the Sydney, Tokyo, London and New York session. There are over 80 pairs of currencies to choose from. They include the majors, cross pairs, and exotics. The most frequently traded currency pairs and include the euro, yen, dollar, and British pound. Most people usually start a demo account before they actually trade forex. A demo account is a simulated copy of a real account. You get to trade forex without investing any of your own money. This allows you to test a real account. It is recommended that you make a stable profit from a demo account for a reasonable amount of time before actually investing any of your own money.


      Forex trading is based on fundamental or technical analysis. Fundamental analysis is predicting price movements based on economic news. Economic news can be based on a country's labor cash earnings, bond purchases, inflation, balance of trade levels, industrial production, change in non farm payrolls, unemployment rate, consumer credit, labor force participation rate etc.Technical analysis involves predicting price movements on chart patterns. In forex, technical analysis involves the use of indicators such as the stochastic, boillinger bands, Macd indicator and fibinnaci levels.


      The foreign exchange market is a global decentralized market. Unlike the New York stock exchange and other stock markets, the foreign exchange market has no central market place. It is also an over-the-counter market. Currency trading takes place electronically and all transactions occur through computer networks among traders that are dispersed across the world. Participants in the foreign exchange market include commercial companies, central banks, foreign exchange fixing, investment management firms, retail foreign exchange traders, non bank foreign exchange companies and money transfer companies.


      Financial instruments or assets that can be traded in the forex market include the foreign exchange swap, forward contract, non deliverable forward contract, foreign exchange swap, foreign exchange future and options contract.


      The forex market can be very volatile. The trader should be mature and stable to handle losses. It is a good idea to practice trading on a demo account and make a steady profit before actually trading. Also, traders should invest only amounts they are comfortable with. For example, if you are a beginner trader it is a good idea to invest a small amount until you are comfortable trading and use less leverage.


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      Forex is trading of currencies which are always traded in pairs and create opportunity to get benefit in both way either both or sold. In forex trading traders get benefit from price fluctuation between currencies. Leveraged trading make this market more risky where trade can take a position more then his original investment and can get big returns. If trader can get good hands on strategy use appropriate leverage then its possible to earn more then from investment. Now a day getting into it is easy as broker make it easy. every one who have a identity can enter into this market even with the investment of 1$ to test this market obviously to make handsome results trader need to invest wisely.

      Technology make it easy to trade in this market now a day internet is required to access this market and trader can access it from any part of the world and can trade from his hand held devices.

      I Trade Structures, not Noise.


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      Forex business is about buying or selling the different currencies from many different of countries, of course the basic of forex business is about trading that means many peoples trading just lookin for profit from it. Forex business is a global decentralized market and has no central market place, all transactions takes place electronically and with internet connection of course, that means we use real money to have electro money that can be use to trade in forex market.


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      Thread closed as the contest has ended..


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      Forex means foreign exchange, the history of forex trading dates back to the era of colonialism which involves the Bristish and other colonial master in exploring smaller and unknown territories and taking their natural resources to their home country for sale, well as time went on, there wad need to have an organized system of exchanging different currency types, that was where the Forex Market came into being.

      There will always be exchange of goods and services among different nations of he world which means that transaction will always take place, the online trading platform is just a extra means of retail traders and other institutions making money, what we do here is just a replica of what is happening in the real world because as we know we are not selling any physical commodity.


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