Forex lesson for begginers

1. Forex Trading Tutorial What is Forex Trading? The forex market, unlike stock exchanges, covers currencies from multiple nations and does not have a centralized exchange. Instead, forex currencies are traded throughout a variety of Forex trading periods, including the US Session, the London Session, and the Asian Session. Forex traders will buy when the price of a currency rises and sell when the price of a currency falls. It is not enough to have a brokerage account; you must also learn about the Forex market and how to make trading decisions. As a newcomer to the market, this Forex lesson will teach you everything you need to know. So, to begin, let us look at the history of the Forex market. • Major Currencies forex to learn from the forex tutorial • US Dollar (USD) • Euro (EUR) • British Pound (GBP) • Japanese Yen (JPY) • Among the major currencies that are traded on the forex US Dollar involves 80 per cent of the major transactions this makes the USD as the single most traded currency in the forex markets • You can start with the Basic forex terminology from the forex lesson for beginners • PIPS - Pips are the least variation in the value of a currency pair. Pip normally indicates the fourth decimal place in an exchange rate. Some of the pairs that incorporate the Japanese yen will have the decimal point in the second position in their pips. • Leverage - Major pairs of forex do not fluctuate more than 1% in a day. So forex traders will use the leverage to magnify their profits. Leverage trading entails lending the money from your forex broker to create a larger position size than your normal and initial trading account size that allows. A leverage 100: 1 allows you to open a position which will be 100 times larger than the size of your account. But be heedful while trading with leverage because it will magnify both your profit as well as the loss • To know more about How to join the Forex trading Tutorial and learn how to trade forex • Mail: info@fidomarkets.com or call: + 44 -743283622858 • Visit us at: https://fidomarkets.com