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Introduction to the Forex Market

Discussion in 'Strategies & Systems' started by lim, Oct 24, 2015.

  1. lim

    lim New Member Trader

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    The Forex market, established in 1971, was created when floating exchange rates began to materialize. The Forex market is not centralized, like in currency futures or stock markets. Trading occurs over computers and telephones at thousands of locations worldwide. The Foreign Exchange market, commonly referred as FOREX, is where banks, investors and speculators exchange one currency to another. The largest foreign exchange activity retains the spot exchange (i.e.., immediate) between five major currencies: US Dollar, British Pound, Japanese Yen, Eurodollar and the Swiss Franc. It is also the largest financial market in the world. In comparison, the US stock market may trade $10 billion in one day, whereas the Forex market will trade up to $5.3 trillion in one single day.

    The Forex market is an opened 24 hours a day market where the primary market for currencies is the 24-hour Interbank market. This market follows the sun around the world, moving from the major banking centres of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the Unites States. Until now, professional traders from major international commercial and investment banks have dominated the FX market. Other market participants range from large multinational corporations, global money managers, registered dealers, international money brokers, and futures and options traders, to private speculators.

    There are three main reasons to participate in the FX market. One is to facilitate an actual transaction, whereby international corporations convert profits made in foreign currencies into their domestic currency. Corporate treasurers and money managers also enter the FX market in order to hedge against unwanted exposure to future price movements in the currency market. The third and more popular reason is speculation for profit. In fact, today it is estimated that less than 5% of all trading on the FX market is actually facilitating a true commercial transaction.

    The FX market is considered an Over The Counter (OTC) or ‘Interbank’ market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
     
  2. adamleesandy

    adamleesandy New Member Trader

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    Foreign exchange trading involves exchanging money from one currency to another and it is particularly interesting because of its higher interest rates. The internet has transformed the forex market, with the online trading facilities have plenty of high quality benefits. To become a profitable trader in the forex trading market, forex software systems which are made to look easy to help trade effortlessly.

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  3. jakesgarland

    jakesgarland Member Trader

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    Buying and selling the currencies of different countries is known as Forex or Foreign Exchange and the place where we trade foreign currencies is the Forex market. It is the most liquid financial market in the world. If you have little knowledge of how the market works, you can make money from the comfort of your home and generate the profitable income.

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    Last edited by a moderator: Jan 1, 2016
  4. The foreign exchange market (Forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centres around the world function as the anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.

    When you put your money in the bank, you get 2-5% returns a year. Same with other forms of saving. But in Forex it’s possible to make from 100% to 1000% and more in a month!!! That’s why Forex is so popular. Imagine you invest only $1,000 and after one month you have $10,000, after one year $120,000 or more, since the profits compound each month.

    Can you achieve that by investing in Stock or Real-Estate? You probably will lose rather than win, I guess.

    It's always very risky, if you trade Forex by yourself or invest money in any other forms. You don’t know when to open trades or when to close them. My EA and I can do it for you. I have been trading Forex for over 12 years and have been using my “MAM-PAMM System” for 2 years now, first manually with great results and now using an automated program to trade for me and my satisfied customers.

    If you would like to know more contact me on
    E-mail: support@mampamm.com
     

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