Lab. Lecture 1 . FINA417- Technical Analysis and Algorithmic Trading. Foreign Exchange FOREX Instructor: Saeed Ebrahimijam. Introduction. FOReign EXchange The foreign exchange market assists international trade and investment by enabling currency conversion.
Lab. Lecture 1. FINA417- Technical Analysis and Algorithmic Trading
Foreign Exchange FOREX
Why the currencies should be traded?
Supply of Dollars by
people who want JPY
Demand for Dollars by
people who have JPY
Foreign exchange (dollars)
So these fluctuations affect the FOREX markets.
EUR/USD : bid=1.5001 ask=1.5006
- Emotion management system (fear, greed, confidence)
- Money management system(controls how much you risk when you get an entry signal from your forex trading system, overtrade, overleveraged)