forex trading What is Forex trading?

[Mohsinkhan 4]

What is forex and how does it work? Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most activelytraded markets in the world, with an average dailytrading volume of $5 trillion.

 

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. ... While this could be interpreted to mean that about one in three traders does not lose money trading currencies, that's not the same asgetting rich trading forex.

 

 

 

1) What exactly is forex?

Ans:  Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

2) What is a lot in Forex?

Ans:  A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lotsizes; the other two are mini-lot and micro-lot.

 

thanks!

 

[khan22 3478]

On 12/25/2019 at 12:49 PM, Mohsinkhan said:

What is forex and how does it work? Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most activelytraded markets in the world, with an average dailytrading volume of $5 trillion.

 

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. ... While this could be interpreted to mean that about one in three traders does not lose money trading currencies, that's not the same asgetting rich trading forex.

 

 

 

1) What exactly is forex?

Ans:  Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

2) What is a lot in Forex?

Ans:  A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lotsizes; the other two are mini-lot and micro-lot.

 

thanks!

 

Yes this is true that forex trading is the foreign exchange and we trade on the different high country currencies and we make a buy and sell both options and make the money but we need some money to invest in the broker like in crypto market exchange thats same in forex market is broker in which we just invest the money.

[AlexanderK 0]

Да обычная рулетка, хоть какой анализ делай, будь то фундаментальный анализ или технический по тренду. Всем известно что брокеры сговариваются на форумах и делают искуственый обвал. Если поставил на покупку какой- то валюты, а она уходит в минус это просто слив денег.  

[Yanadia 1517]

As i know Forex trading is the process of converting one currency into another for various reasons, usually for trading, trading or tourism.

[Sumonksr 65]

As i know forex is a trading platform where trade one country to another country currency, everyday 5 trillion plus trade in forex market, 

[sdsonjoy50 886]

You have explained well about Forex trading, but the simple formula of Forex is to do Marketing Predictions in Forex, if you can make good Predictions then you can benefit from Forex.

[Sourovdeb890 416]

You have shared a good information about Forex trading, there will be many benefits for newcomers to learn and know, I think the more you post, the more there are misconceptions about Forex, thank you for your valuable post.

[khan22 3478]

On 12/26/2019 at 11:08 PM, Sumonksr said:

As i know forex is a trading platform where trade one country to another country currency, everyday 5 trillion plus trade in forex market, 

Yes this is true that the currency of one country and the other currency of the other country will make a pair when the currency is strong from on side market will go on that side like EUR/USD, this is the pair of the currencies and now the EUR is so much stong and USD will be weak but soon USD will be strong so much and all the market trend will comes down.

[khan22 3478]

On 12/26/2019 at 8:43 PM, Yanadia said:

As i know Forex trading is the process of converting one currency into another for various reasons, usually for trading, trading or tourism.

Forex market is the best and this is base on the currency and it is make one pair of two currencies like EUR and USD. EUR is the different country currency and USD is the other country currency now EUR/USD will make a pair if the USD is strong then EUR is weak and market is down and if the EUR is strong the USD will be weak.

[khan22 3478]

On 12/26/2019 at 11:08 PM, Sumonksr said:

As i know forex is a trading platform where trade one country to another country currency, everyday 5 trillion plus trade in forex market, 

Now this time forex trading business is almost the 10 trillion in just a single day. Now forex market is so much famous and good for the business and so many peoples will make money through this. Now all the market is going smoothly and good and its analysing is so much easy and simple.

[Syedbesharat 5423]

On 12/25/2019 at 12:49 PM, Mohsinkhan said:

What is forex and how does it work? Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most activelytraded markets in the world, with an average dailytrading volume of $5 trillion.

 

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. ... While this could be interpreted to mean that about one in three traders does not lose money trading currencies, that's not the same asgetting rich trading forex.

 

 

 

1) What exactly is forex?

Ans:  Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

2) What is a lot in Forex?

Ans:  A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lotsizes; the other two are mini-lot and micro-lot.

 

thanks!

 

That's a quit good definition of Forex .Its easily understandable by newbie.but i want to tell you.If you are sharing it from any website then mention the source of it.Its form rule.If you do not add source then it will be troublesome for you.

[Saheli 138]

Forex trading is risky trading from coin trading it is trading for fiat

currency like dollar,euro,yen,pound and other countries currency and

Gold,silver and crud oil

 

[Syedbesharat 5423]

On 12/26/2019 at 8:43 PM, Yanadia said:

As i know Forex trading is the process of converting one currency into another for various reasons, usually for trading, trading or tourism.

Their is rate change of every currency in forex and they made trade on it .some use marginal method on EURO,USD.They made profit from it and do trade for 5 days of week.This market is very huge as compare to crypto.

[Kusumo234 400]

Forex market is a liquid market, we can get profit even though the momentum is bearish by opening op sell, but because it uses margins, risk management must be allocated appropriately, so we get the right dose between risk and reward so we do not include traders who lose because doing something with a comparison of high risk low returns.

[khan22 3478]

On 12/28/2019 at 11:42 AM, sdsonjoy50 said:

You have explained well about Forex trading, but the simple formula of Forex is to do Marketing Predictions in Forex, if you can make good Predictions then you can benefit from Forex.

Forex Market is all the predictions of pairs of the currencies because all these market pairs are the currency pairs and these pairs are move on the news or the any positive or negative issue will create in that country and then market movement is start on that time.

[Syedbesharat 5423]

On 1/3/2020 at 7:53 PM, Saheli said:

Forex trading is risky trading from coin trading it is trading for fiat

currency like dollar,euro,yen,pound and other countries currency and

Gold,silver and crud oil

 

You are right about forex trading.But hugh risk have high reward.I think you are safe game player to you its best to do trading in Crypto where loss are low and have many opportunities for recovery.

[Kusumo234 400]

@Syedbesharat not always high risk trading results in high returns, and neither low risk trading will provide low returns my friends,but in general, high risk is identical to high return, because the logic is that the greater is at stake the greater is obtained.

[Syedbesharat 5423]

7 hours ago, Kusumo234 said:

@Syedbesharat not always high risk trading results in high returns, and neither low risk trading will provide low returns my friends,but in general, high risk is identical to high return, because the logic is that the greater is at stake the greater is obtained.

I agree with you,I have made from low to high profit .But i think its not generally  happened.So its common phrase high risk high reward  for forks.

[Kusumo234 400]

@Syedbesharat it is indeed not impossible the ratio of low risk high return in forex trading, but such momentum is very rarely found, especially every day,therefore I prefer swing trading, because there are a lot of forex pairs, so it doesn't have to always be gbp-usd or euro-usd my friends.

[Syedbesharat 5423]

13 hours ago, Kusumo234 said:

@Syedbesharat it is indeed not impossible the ratio of low risk high return in forex trading, but such momentum is very rarely found, especially every day,therefore I prefer swing trading, because there are a lot of forex pairs, so it doesn't have to always be gbp-usd or euro-usd my friends.

Yeah,its good thing to change game plans.If we stick with one pair it will not grow experience and we will become frog of well.Their are many possibilities for us we have to  take steps for them and sees them.

[khan22 3478]

On 12/26/2019 at 8:43 PM, Yanadia said:

As i know Forex trading is the process of converting one currency into another for various reasons, usually for trading, trading or tourism.

Forex Trading is the best platform in the world and through this we can make good money in it and the market of the forex is have so many pairs of currencies and also the bonds and some shares where peoples are trading in short term and also long term trading.

[Kusumo234 400]

@Syedbesharat right friends, forex trading has many pair options that we can trade, not only GU and EU only, there are major pairs and cross pairs, if the major pair is not friendly, we look for in cross pairs, if both are not friendly, then there is still a pair  which does not correlate directly with the major and cross pair earlier,and talk of profit, if you are an expert, you can become whatever you want to be if you can consistently profit

[Syedbesharat 5423]

15 hours ago, Kusumo234 said:

@Syedbesharat right friends, forex trading has many pair options that we can trade, not only GU and EU only, there are major pairs and cross pairs, if the major pair is not friendly, we look for in cross pairs, if both are not friendly, then there is still a pair  which does not correlate directly with the major and cross pair earlier,and talk of profit, if you are an expert, you can become whatever you want to be if you can consistently profit

Yeah,that's my point.We have to move on if we are making profit from it.its better to care about your time because its most valuable thing in your hands.So  scramble all the things and do fresh start when you feel its enough.

[Kusumo234 400]

Yes my friends @Syedbesharat because the beginning of knowing forex trading will certainly feel awkward, because forex trading presents lots of pairs, and each pair has a different character from each other,and that's why newbies often get timing constraints, trading eur-usd in the asia session or usd-chf in the asia session, it's not the right time for major pair trading like eu or usd-chf.

[Goody28 259]

Excellent write up there forex exchange have known to be profitable by international traders worldwide here currency are converted from one piece to the other in the present years it has been recorded that traders have been successful with forex trading