1 / 2

Want to know what is Forex Trading?

This information might have cleared your concept of what is forex trading? If you are new to this market, you have to get accustomed to some other terms and their purposes like currency pair, leverage, bid-ask price, PIP, margin, and bullish. You have to follow the market and register with a broker to start trading. <br>

fxtradingcircle
Download Presentation

Want to know what is Forex Trading?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Want to know what is Forex Trading? Forex is the contraction of the term Foreign Exchange. Like the share or stock market, the foreign exchange also takes place in a certain way through a marketplace. People can trade in this market with foreign currencies as assets. The Forex market or FX market or simply the Forex is the world’s biggest market in terms of daily trading. As per the data available, daily Forex trading has crossed $6.1 trillion in 2020 which is an almost 40% increase in the daily Forex trading volume over the last decade. In 2010, the daily turnover in the global Forex market touched $4 trillion that was more than a 25% increase over the daily turnover figure of 2010. Seeing the market expansion and how the traders are making profits here, an increasing number of people are joining the market in the quest of earning handsome amounts through trading. If you are one of them, you need to know what is forex trading? Know the basics of Forex trading Knowingly and unknowingly, we are dealing with foreign currencies in different ways. Foreign exchange is important for different reasons In simple terms, forex is the marketplace where buyers buy foreign currencies and sellers sell the same in their possession. These buyers and sellers transfer currency through this

  2. common marketplace at an agreed price through the mediators like brokers. In this way, individuals or institutions like banks, credit card companies, and ecommerce sites doing business in different countries exchange or convert one currency to another. While lots of these kinds of transactions for the conversion of one currency to another take place in the marketplace but this is a simple exchange not trading. Actual transactions called Forex trading take place to make profits. This happens through the foreign exchange market. What is the Forex market? This is the market where foreign currencies are traded. This is an international market. It is unique from other similar types of the market as it has no central marketplace. The currencies are traded internationally through digital media over-the-counter. The market is open 24 hours from Monday to Friday. New York, London, Zurich, Tokyo, Paris, Sydney, Singapore, and Hong Kong are the major hubs through which the currencies are traded. So, if trading day closes in one country another opens simultaneously. This is the reason why currency values remain highly volatile round-the-clock. This information might have cleared your concept of what is forex trading? If you are new to this market, you have to get accustomed to some other terms and their purposes like currency pair, leverage, bid-ask price, PIP, margin, and bullish. You have to follow the market and register with a broker to start trading.

More Related