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The basics of forex market

The foreign exchange market (also known as FX, and changes in the market, "cash" or Forex Spot Forex) is the largest financial market in the world with more than 1.5 trillion dollars change hands every day - 30 times greater than the total volume of trading in all markets American Stock Exchange. One other important feature of the Forex market is that it operates 24 hours a day, for the opening and closing of financial centers in various parts of the world, starting each day in Sydney, Tokyo, London and New York. At any time, anywhere, with buyers and sellers, making the foreign exchange market more liquidity in the market in the world.

How to Trade the Forex Market?

In the currency markets, currency exchange is always done in currency pairs the euro / dollar and sterling / dollar. Therefore, all the buying and selling of another currency. The base currency is the "base" for the purchase or sale. It is useful to consider the currency pair means, and can be purchased or sold.

The understanding of the Forex


Currency exchange the first pair.
Currency, the currency in the face of the second pair. Also known in financial terms.

The U.S. dollar has been the focus of the foreign exchange market, often regarded as' rule 'quoted currency. This includes the dollar / yen dollar / Swiss franc and U.S. dollar / Canadian. These and other currencies, and prices are expressed in units of $ 1 per second in the currency quoted by the two men. For example, the budget of U.S. $ / Canadian 1.1302 means that one U.S. dollar 1.1302 Canadian dollars.

Buy and sell

For the circulation of currency in many cases on both sides of the letter: "supply and demand." "Supply" is the price at which they can sell-Qaida money (to meet the buyer's currency). "Oversight" is the price where you can buy the base currency (at the same time against the sale of a piece).

Commission-free, but with practice

The Commission and most Forex brokers offers free trade in Forex. Publishing - The difference between supply and demand in the price of the currency. Usually 3-5 points on the Great.

Renewal - What happens to my open at the end of trading day?

Resolution process is postponed to another date value. The cost of this process on the basis of the difference in the interest rate of currencies. Most brokers automatically renew your open positions, allowing you to maintain the position for an indefinite period.

The range of movement

Impact on exchange rates is the main motivation for many of the traders. Business conduct, or the subject of negotiation, and simply had nothing to do with the full cost of the position. Forex brokers offer more than the weight of the stock or futures. In currencies, the amount available for the movement can be up to 400 times the value of your account.
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