The Forex trading market is one of the world's biggest over the counter market places, open 24 hours a day. It is also one of the most liquid market places. There is no central exchange meaning that it is decentralized and transactions happen simultaneously all over the world without any central governing body. Trading happens in currency pairs, which is why FX is short for foreign exchange i.e. you exchange one currency for another depending on the day's rate. Almost 85% of the day's trading occurs with the major currency pairs or what are also referred to as the 'major's. These are nothing but combinations of the most liquid currencies that include the American dollar, Australian dollar, Canadian dollar as well as the yen, euro, Swiss francs and sterling. Trades are made on the basis of expectation of how one currency or 'major' which move with respect to another.
The way to make money on forex trading is to have either information or an opinion with regards to currency movement which can then allow you to 'speculate' to your advantage. Depending on which currency will weaken, profit and loss can be made by betting on the other. It is not an exact science which is why it is important to align yourself with a partner company or expert that can help you not only take decisions but also execute them in real time. These sites also allow you access to various discussions, seminars as well as tools that can help you understand what position to take at what time and how to leverage it better.
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