How to Start Trading Forex for Beginners |
Üdvözöllek a Fórumban! ( Bejelentkezés | Regisztráció )
![]() ![]() |
How to Start Trading Forex for Beginners |
![]()
Létrehozva:
#1
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 257 Csatlakozott: 22-August 19 Azonosító: 1,099 ![]() |
The spread is the difference between the buy and sell prices quoted for a forex pair. Like many financial markets, when you open a forex position you’ll be presented with two prices. If you want to open a long position, you trade at the buy price, which is slightly above the market price. If you want to open a short position, you trade at the sell price – slightly below the market price.
-------------------- Make your Twitch donation button with NOWPayments
|
|
|
![]()
Létrehozva:
#2
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 82 Csatlakozott: 22-August 19 Azonosító: 1,100 ![]() |
Unlike shares or commodities, forex trading does not take place on exchanges but directly between two parties, in an over-the-counter (OTC) market. The forex market is run by a global network of banks, spread across four major forex trading centres in different time zones: London, New York, Sydney and Tokyo. Because there is no central location, you can trade forex 24 hours a day.
|
|
|
![]()
Létrehozva:
#3
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 85 Csatlakozott: 22-August 19 Azonosító: 1,101 ![]() |
Each currency in the pair is listed as a three-letter code, which tends to be formed of two letters that stand for the region, and one standing for the currency itself. For example, GBP/USD is a currency pair that involves buying the Great British pound and selling the US dollar.So in the example below, GBP is the base currency and USD is the quote currency.
|
|
|
![]()
Létrehozva:
#4
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 94 Csatlakozott: 23-August 19 Azonosító: 1,103 ![]() |
If the pound rises against the dollar, then a single pound will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease. So if you think that the base currency in a pair is likely to strengthen against the quote currency, you can buy the pair (going long). If you think it will weaken, you can sell the pair (going short).
|
|
|
![]()
Létrehozva:
#5
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 87 Csatlakozott: 23-August 19 Azonosító: 1,102 ![]() |
The forex market is made up of currencies from all over the world, which can make exchange rate predictions difficult as there are many factors that could contribute to price movements. However, like most financial markets, forex is primarily driven by the forces of supply and demand, and it is important to gain an understanding of the influences that drives price fluctuations here.
|
|
|
![]()
Létrehozva:
#6
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 82 Csatlakozott: 23-August 19 Azonosító: 1,105 ![]() |
Commercial banks and other investors tend to want to put their capital into economies that have a strong outlook. So, if a positive piece of news hits the markets about a certain region, it will encourage investment and increase demand for that region’s currency.Regional pairs. Pairs classified by region – such as Scandinavia or Australasia. Includes: EUR/NOK (Euro vs Norwegian krona), AUD/NZD (Australian dollar vs New Zealand dollar), AUD/SGD
|
|
|
![]()
Létrehozva:
#7
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 72 Csatlakozott: 23-August 19 Azonosító: 1,104 ![]() |
Market sentiment, which is often in reaction to the news, can also play a major role in driving currency prices. If traders believe that a currency is headed in a certain direction, they will trade accordingly and may convince others to follow suit, increasing or decreasing demand.Economic data is integral to the price movements of currencies for two reasons – it gives an indication of how an economy is performing, and it offers insight into what its central bank might do next.
|
|
|
![]()
Létrehozva:
#8
|
|
Advanced Member ![]() ![]() ![]() Csoport: Members Hozzászólások: 480 Csatlakozott: 8-September 18 Azonosító: 761 ![]() |
Bitcoin Code was developed by John Mayers and a team of online financial experts and is a newcomer to the world of cryptocurrency trading. It offers traders the opportunity to invest in bitcoins safely and without risk. It can be said that it is a reliable option for all those traders who want to start trading bitcoins. Even those who have no experience with online investments can easily enter this industry via the platform offered by Bitcoin Profit.
bitcoin code software |
|
|
![]() ![]() ![]() |
Szöveges verzió | A pontos idő: 12th September 2024 - 03:06 AM |