This is Ahmad Essam, Here to make you know about ‘Forex trading’., Which is the portmanteau of foreign currency and their exchange. The FX or Forex market is a global marketplace for exchanging national currencies against one another
Forex market tends to be the largest and most liquid asset markets in the world because of the worldwide reach of trades,commerce and finance. In this system, currencies traid against each other as exchange rate pairs. As for example, EUR/USD
Forex market exist as spot (cash) market as well as derivatives market offering forward futures, options, and currency swaps.
Market participants use forex to hedge agaings international currency and interest rest risk to speculate on geopolitical events. And to diversify portfolios, among several other reasons. These are the basic concepts you must know about forex
Many traders would like to have a magic wand that would enable them to make a profit just like that, with no effort. However, if it were so simple, we’d all be millionaires; trading, first and foremost, is an intellectual work. Although there’s no magical solution, traders always have reliable helpers—market analysis methods—at their disposal. When used correctly, these methods can help you stop doing guesswork and start making profit.
The price movement of currency pairs depends on a number of economic, political, and social factors whose close interaction exerts a complex influence on the market that is often hard to predict. Hard, but not impossible. Enter the time-tested market analysis methods, without which trading would be reduced to a guessing game. Let’s take a look at the most popular ones.
Fundamental analysis: following Warren Buffett
Technical analysis: Fibonacci retracement
Japanese candlesticks are a versatile indicator suitable for all types of trading activity in the financial markets. They show the asset’s history, which helps traders form a strategy.