What is Forex market?
On the world market/exchange/ all countries in the world trade:goods; stocks, bonds, futures, indexes, currencies(Forex market), and more...
The foreign exchange market facilitates international trade and investment (Daily turnover over $ 7 trillion), facilitating the exchange of different currencies. The forex market also helps speculators to freely exchange one currency against another, waiting for an increase or decrease in its exchange rate.
You can make profits faster than any other business (within a few days, a week or a month, not a year or two), profits increase exponentially (the more you invest, the more you earn);
It is the most dynamic and liquid market in the world, and can also be referred to as "perfect market". Market orders can be instantly opened and closed; It works acoording to some very simple rules / SUPPLY AND DEMAND /.
The greater the demand for e specific currency, the higher the price and vice versa;
Whether you are selling $ 100 to buy euro at an exchange office, or a large bank is selling $ 100 million against Japanese yen at another bank, in both cases you have FOREX deals. The players in the Forex market are both large financial institutions managing billions and retail investors, who trade much smaller amounts. All: trade on equal terms; have access to the same information; fast liquidity - you will always be able to buy and sell and there are no restrictions on entry or exit.
Online forex training
In recent years, thanks to the Internet and brokers, the Forex market is no longer a reserved territory only for BIG PLAYERS, but anyone with an access to a computer or laptop, internet and a small amount of money can trade and invest.
The currencies trade against each other, and the exchange rates change almost every second, which is why trading is very dynamic and active 24 hours a day, five days a week.
How to make money
in the Forex market?
Anyone can trade with the broker's leverage - this allows you to have a lot more money than you actually have, and if you have losses they are limited to the size of your deposit. The profit represents the difference in price from the moment of executing the transaction until its closing, it is measured in points (pips) and depends on the amount you have invested.
The profits that you can earn are a certain percentage of the invested amount. However, there are losses (expenses) at times, as it is with any other business. The important thing to keep in mind is that the revenues should exceed the expenses (the profits exceed the losses). The advantage over the standard business is that the return is faster and you can trade from anywhere in the world with only: 1. Knowledge and experience; 2. Computer or laptop; 3. Internet.
The first and easiest option is to find a professional or managed fund to trade for your account. This option is for people with sizable bank accounts that don’t want to have to watch the market themselves. They may have researched a professional trader, CTA, or hedge fund that they consider would do an excellent job while managing their account.
One must be aware that due to the lack of regulation in the over the counter currency market, the possibility of dishonesy and scam exists. Therefore, if you trust another trader or company to manage your funds, make sure that you have done your due diligence and researched the trader completely before giving them your hard-earned money.
The second way to make money in the forex market is by opening an account with an online forex broker. This option is available to most people because an account can be opened with as little as $100 and you can begin trading immediately.
The trading plan should be easy to follow and include position sizing and money management elements. The plan is specifically designed to avoid having emotions get in the way of your trading. Most successful forex traders use a trading plan and many will credit their success to adhering to it.
What are Forex Robots
and How Do They Really Work?
Option Three - In the world of trading, time is too valuable to waste without making a decent profit. It is important to ask yourself - do you really want to succeed in the Forex market? It takes time, preparation and commitment. Having said that, there are many tools that can help you make the process easier. Forex trading is extremely popular and widespread, mainly because of its flexibility, the different styles, strategies and trading systems that can be used and applied by currency traders.
Why the traders use
In the forex market, any type of trader can be found, from large institutions to individual traders applying different trading strategies. Some traders prefer to trade manually, while others rely on automated trading systems, or so-called forex robots. One of the biggest advantages, but also a disadvantage, is that automated trading software, or forex robots, neutralize the human factor and emotions of the trading equation. A forex robot is a computer program based on a set of FX (forex) signals trading, thanks to which the robot itself decides when to buy and sell in the foreign exchange markets.
Forex robots are popular with those who want to save time - they will check every opportunity every second and make decisions for you. But few can be considered professionals. If you want to be a trading professional, you will need to make some investment.
If you want to be SUCCESSFUL without losing much of your valuable time searching for information on the internet - Take advantage of our full practical online forex course.
For people who do not want or do not have enough time to study but want to make money as investors in the forex market - you can benefit from professional knowledge, practice and analysis by joining our TRADE IDEAS GROUP.
WARNING: Foreign exchange trading is very risky if you do not have the necessary knowledge and experience! It's like opening a restaurant without having a clue about the intricacies of the restaurant business. It is necessary to become fully acquainted with Forex trading and to have at least 6 months practice with a demo account - DO NOT START WITH REAL MONEY NOW! DON'T trade your last money or borrowed money DON'T be fooled if someone promises you to make millions of Forex right away, it's probably some kind of scam!!