1 / 3

ValForex- All things you should need to know about forex trading-converte

Forex trading is huge in terms of being the worldu2019s largest trade that happens in the world. At ValForex, we aim at explaining our readers about forex trading in the simplest way possible.

val_forex
Download Presentation

ValForex- All things you should need to know about forex trading-converte

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. ValForex- All things you should need to know about forex trading Forex trading is huge in terms of being the world’s largest trade that happens in the world. At ValForex, we aim at explaining our readers about forex trading in the simplest way possible. What exactly is forex trading? Forex trading is the exchange of currencies in a global market where trading happens for a complete 24 hours from Monday to Friday. In simple words it's like exchanging currency from American dollars to New Zealand dollars when you go for a vacation All the trading that happens is done OTC (over the counter) that means there is no physical exchange like stocks or bonds. It is monitored through an administrative way by a global network of banks and not just through a stock exchange branch. How do you trade currencies? Every currency is assigned a three letter code and there are 170 currencies worldwide with each having their unique identification code.

  2. ValForex- All things you should need to know about forex trading The U.S dollar has been assigned its code as USD and is the most used currency in the world. Followed by, the second most popular currency is EUR that is accepted in 19 countries. Ways to trade forex Forex trading is done by the traders to buy currencies by assuming the future value of it . They buy those whose value will increase in the near future or to get rid of the currencies they possess that might decrease in value. The three ways are: •The spot market This is the primary way where there is exchange of currencies depending on the current rate and supply and demand of the swapped currency.

  3. ValForex- All things you should need to know about forex trading •The forward market It is a private contract with another trader for a specific amount of exchange rate for a particular date in the future. •The futures market It is a private contract to buy and sell a predetermined amount of currency at a particular exchange rate in future. ValForex helps you in understanding trade on a day to day life. Trading is really helpful in planning any purchase or selling of imported items. Having businesses globally or having to move from one country to another, forex trade can help determine the current rates and make your transactions easier.

More Related