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Forex Trading For Beginners

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https://www.xtreamforex.com/ https://www.xtreamacademy.com/ What is forex? Quite simply, it’s the global market that allows the exchange of one currency for another. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting. Why Trade Forex: Advantages Of Forex Trading Share on Facebook Share on Twitter Share on Google+ There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are compensated for their services through something called the “bid/ask spread“. No middlemen Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair. No fixed lot size In the futures markets, lot or contract sizes are determined by the exchanges. A standard size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. This allows traders to participate with accounts as small as $25 (although we’ll explain later why a $25 account is a bad idea). Low transaction costs The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. For larger transactions, the spread could be as low as 0.07%. Of course, this depends on your leverage and all will be explained later. A 24-hour market There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep. No one can corner the market The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank or the mighty Chuck Norris himself) can control the market price for an extended period of time. Leverage In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. Forex Trading Sessions Share on Facebook Share on Twitter Share on Google+ Now that you know what forex is, why you should trade it, and who makes up the forex market, it’s about time you learned when you can trade.Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. You can make money trading when the market moves up, and you can even make money when the market moves down. BUT you will have a very difficult time trying to make money when the market doesn’t move at all.
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Text Comments (13)
Aman Production's (5 months ago)
Nice voice and info...
james mall (7 months ago)
good video, alot of important info thanks
Linda alexei (7 months ago)
Have you ever heard about managed forex funds or managed forex accounts. Maybe you’ve heard about forex (the foreign exchange market) but you have no idea about managed forex accounts….. With lackluster results from stocks, savings accounts, bonds and real estate, forex has lately become one of the more popular types of investments. If you’ve heard of it, you know that forex trading involves the exchange of currency pairs. If that is all you know, however, you might want to find a way to successfully invest in the market without having to learn everything there is to know about it first. The best way to do that is with a managed forex account and one of the very good managers around is Smith Van, contact him via [email protected]
Abdul Abdul (8 months ago)
Dm @discrete.hackzzz on instagram for legit forex tradings and investment...he is a great brokerI’ve made money trading with him
Fx Tech (8 months ago)
good to see u providing useful info
Haider James (8 months ago)
great info for beginners!
David Strobel is currently guiding me in my demo account and if that translates live, i would definitely become an under 30 millionaire
Claire Barrett (8 months ago)
great job allot of things we can learn .
Nikita Kaul (8 months ago)
thanks, keep learning and suggesting
Nyala Asad (8 months ago)
Hoping it will help ppl to learn
Nikita Kaul (8 months ago)
thanks Nyala, your suggestions needed!!!
Yousaf Hameed (8 months ago)
Weldon Good step
Nikita Kaul (8 months ago)
Thanks, keep suggesting ans appreciated!!!

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