TRADING FOREX – How to take control of the Market Space
Trading in the Foreign Exchange Market
Trading forex and the trading education that we offer is all about taking the new person from step A to Z.
This Forex training covers all of the basics all the way through to the advanced trading techniques and strategies. This platform will be formatted in videos so that everyone can follow along and understand what the training topics are covering much better.
There are also quizzes and homework assignments that are designed to test what you have learned in these courses throughout your Forex Trading educational journey to make sure you understand each topic.
Our trading forex platform also offers its members trade alerts that will be sent out by experienced traders that will include stop loss, take profit, and management information. This will ensure that all of our members will be up-to-date with all of the professional trader’s insights and tips.
You will also be able to participate in live trading sessions through webinars with your membership. Watch over-the-shoulder of a trading professional as they are trading in real-time. The markets that they will cover will include New York, Asia, and London.
Trading Forex Market
The forex market is the market in which participants can buy, sell, exchange, and speculate on currencies. The forex market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market with over $5 trillion in daily transactions, which is more than the futures and equity markets combined.
Another perk for being a customer is a weekly market forecast. The owner will actually record a weekly analysis and share with you some technical and fundamental updates that you will want to know when you start trading.
He will also discuss any upcoming trading opportunities and biases so that you can take advantage of them. The fundamental analysis is a weekly update that includes current economic data and any important news that can affect any of the major asset classes.
The foreign exchange market is not dominated by a single market exchange, but a global network of computers and brokers from around the world. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
The forex market is made up of two levels; the interbank market and the over-the-counter (OTC) market. The interbank market is where large banks trade currencies for purposes such as hedging, balance sheet adjustments, and on behalf of clients. The OTC market is where individuals trade through online platforms and brokers.
The forex market is a 24-hour market, meaning it does not close overnight. This differs from markets such as equities, bonds, and commodities, which all close for a period of time, generally in the New York late afternoon. However, as with most things there are exceptions. Some emerging market currencies closing for a period of time during the trading day. The US dollar is by far the most traded currency, making up close to 85 percent of all trades. Second is the euro, which is part of 39 percent of all currency trades, and third is the Japanese yen at 19 percent.
The leverage available in FX markets is one of the highest that traders and investors can find anywhere. Leverage is a loan given to an investor by their broker. With this loan, investors are able to increase their trade size, which could translate to greater profitability. A word of caution, though: losses are also amplified. For example, investors who have a $1,000 forex market account can trade $100,000 worth of currency with a margin of 1 percent. This is referred to as having a 100:1 leverage. Their profit or loss will be based on the $100,000 notional amount.